A number of groupings emerged over the coming decades boosting political, cultural, economic and technical cooperation.
The conference led to the International Sugar Agreementwhich seeks to stabilize world sugar prices. UNCTAD was also called upon to support a number of monetary cooperation schemes drawing lessons from experiences in other regions and prompting a platform for dialogue between delegations of different parties of the developing and developed world.
In Santiagosubstantial disagreements arose within the Group of 77 G77 despite preconference meetings. The s and s Subsequent work on South-South cooperation has continued in UNCTAD albeit on a much more decentralized and ad hoc basis through the work programme of each division.
The key issues of the time were finance and adjustment, commodity price stabilisation and trade. The principal result of the conference was the adoption of the Integrated Programme for Commodities. An Overseas Development Institute briefing paper of April highlights one reason for success as being down to the Oil Crisis and the encouragement of LDCs to make gains through producers of other commodities.
This effort was cut short by the debt crisis of the early s. The s and s Subsequent work by UNCTAD focused on a global system of trade preferences among developing GSTPfinancial and monetary cooperation with the G24as well as technical support for interregional cooperation programmes.
These early discussions paved the way for new IMF facilities to provide finance for shortfalls in commodity earnings and for the Generalised Preference Schemes which increased access to Northern markets for manufactured imports from the South. However, closer regional integration did continue, although in a very uneven fashion, raising new policy challenges for developing countries.
The conference in New Delhi was an opportunity for schemes to be finally approved. The programme covered the principal commodity exports and its objectives aside from the stabilisation of commodity prices were: Economic Cooperation and Integration among Developing Countries: At Genevathe LDCs were successful in their proposal for the conference with its secretariat to become a permanent organ of the UN, with meetings every four years.A Brief History of UNCTAD Foundation In the early s.
the developing countries established the Group of 77 to voice their concerns. and development issues. (Today. A Brief History of UNCTAD Page Image Image CaptionPage ContentFoundation * In the early s, growing concerns about the place of developing countries in international trade led many of these countries to call for the convening of a full-fledged conference specifically devoted to tackling these problems and identifying appropriate international.
The UNCTAD III held in in Santiago de Chile, prompted the transformation of the Working Programme on Trade Expansion and Economic Integration among Developing Countries into a Division status.
United Nations Conference on Trade and Development: United Nations Conference on Trade and Development (UNCTAD), permanent organ of the United Nations (UN) General Assembly, established in to promote trade, investment, and development in developing countries.
Headquartered in Geneva, Switzerland, UNCTAD has. About the history of UNCTAD In the early s, growing concerns about the place of developing countries in international trade led many of these countries to call for the convening of a full-fledged conference specifically devoted to tackling these problems and identifying appropriate international actions.
UNCTAD highlighted the need for a differentiated approach to the problems of developing countries. Its tenth conference, held in Bangkok in Februaryadopted a political declaration – " The Spirit of Bangkok " – as a strategy to address the development agenda in a globalizing world.Download