UNCTAD (United Nations Conference on Trade and Development) is an arm of the United Nations Secretariat in charge of trade, investment and development matters. The body was established by the United Nations General Assembly in 1964. Both the UN General Assembly and the United Nations Economic and Social Council supervises the body.
The primary area of focus for the organization is in the formulation of policies that regulates trade, aid, logistics, finance and technology. The conference ordinarily meets once in four years; the permanent secretariat is in Geneva.
With the ever increasing competition in economic and trade matters, with the attendant gulf of disparity between the developed and the developing countries, UNCTAD was created with the aim of providing an enabling environment for developing countries to discuss the problems that are affecting their economic development.
UNCTAD is headquartered at the Palais des Nations, within the United Nations Office Complex at Geneva, Switzerland. It’s membership include 195 states.