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United Nations Conference on Trade and Development (UNCTAD)

UNCTAD was set up in December 1964 as a permanent organ of the UN General Assembly. UNCTAD promotes international trade and seeks to increase trade between developing countries and countries with different social and economic systems. UNCTAD also examines problems of economic development within the context of principles and policies of international trade and seeks to harmonize trade, development, and regional economic policies. The Conference was first convened (UNCTAD-1) in Geneva in 1964.

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