Asked in a 1964 paperModerate

What specialized UN organization, established in 1964, deals with financial, trade and development issues?

Correct answer: D. United Nations Conference on Trade and Development (UNCTAD)

  • A. World Trade Organization (WTO)
  • B. Universal Council Tread and Development (UCTD)
  • C. International Organization to Promote Trade and Development (IOPTD)
  • D. United Nations Conference on Trade and Development (UNCTAD)

Explanation

UNCTAD was established in 1964 to address trade, finance and development concerns, particularly those affecting developing countries. The WTO focuses mainly on trade rules and was created later, in 1995.

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