An intergovernmental body established in 1964 within the United Nations, responsible for trade and development. Historically it has often been the international voice of developing countries.
Seeks to negotiate international trade agreements to stabilize commodity prices and promote third world development.
UNCTAD was established in 1964 with the goal of promoting sustainable development while integrating developing countries into the world economy. It works to acheive this goal by acting as a forum for intergovernmental deliberations with an aim at consensus building; conducting research, policy analysis, and date collection; and by providing technical assistance tailored to the specific needs of different developing countries.