Page 252 - International Marketing

254 International Marketing BRILLIANT'S

constituted. In August 1962, UNO passed a resolution to convene a con-
ference on trade and development. United nations recognized the need for
adopting measures by developed countries to bridge the gap between rich
and poor nations. All these developments led to the convening of the first
United Nations Conference on Trade and Development in Geneva in 1964.
Since then, such conferences have been held normally after every
four years. The various conferences held uptil now are in the following
years and places:
Conference Place Year
UNCTAD - I Geneva 1964
UNCTAD - II New Delhi 1968
UNCTAD - III Santiago 1972
UNCTAD - IV Nairobi 1976
UNCTAD - V Manila 1980
UNCTAD - VI Belgrade 1984
Geneva
UNCTAD - VII NPP 1988
UNCTAD - VIII Columbia 1992
UNCTAD - IX Midrand (South Africa) 1996
UNCTAD - X Bangkok (Thailand) 2000
UNCTAD - XI Sao Paulo 2004
UNCTAD - XII Ghana 2008

Objectives of UNCTAD
The various objectives of UNCTAD as laid down by UN General As-
sembly are as follows:
1. To promote international trade and accelerate the economic
development of developing countries.
2. To harmonize the trade with regional economic groupings, such
as, SAARC, ASEAN, etc.
3. To solve the problems related to trade and development of
developing countries.
4. To formulate plans and programs for implementing the policies
towards economic development of developing countries.
5. To negotiate and adopt multilateral trade agreements with regard
to existing international organizations such as, IMF, GATT, World
Bank, etc.
Functions of UNCTAD

The main functions of UNCTAD are as follows: