What is the purpose of 'United Nations Conference on Trade and Development' (UNCTAD)?
A
Promotes International Trade with a view to accelerate economic growth of developing countries
B
Promotes International Monetary co-operation & expansion of International Trade
C
Set rules for World Trade
D
None of the above
Correct Answer: Promotes International Trade with a view to accelerate economic growth of developing countries
The purpose of 'United Nations Conference on Trade and Development' (UNCTAD) is to promote International Trade with a view to accelerate economic growth of developing countries. The organization's goals are to: "maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis".