UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Their headquarters are located in Geneva, Switzerland, with offices in New York and Addis Ababa. UNCTAD is part of the UN Secretariat and reports to the UN General Assembly and the Economic and Social Council but have our own membership, leadership, and budget.
Globalization, including a phenomenal expansion of trade, has helped lift millions out of poverty. But not nearly enough people have benefited. And tremendous challenges remain.
UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively. And helps equip them to deal with the potential drawbacks of greater economic integration. To do this, UNCTAD provides analysis, consensus-building, and technical assistance. This helps them to use trade, investment, finance, and technology as vehicles for inclusive and sustainable development.