Abstract
The first United Nations Conference on Trade and Development (UNCTAD) took place in Geneva in the spring of 1964. The Second conference was convened early in 1968 in New Delhi. In the years between the two the General Assembly formally established the new organisation, Secretary-General Raul Prebisch created an independent secretariat that now has over 600 employees, with offices in Geneva and New York, and the 55-nation standing committee of UNCTAD, known as the Trade and Development Board, has met twice a year so that its sub-committees could discuss a vast range of more-or-less relevant subjects. UNCTAD has begun to create a role for itself at the very time that the General Agreement on Tariffs and Trade (GATT) has been going through something of an identity crisis, stemming from its success in completion of the Kennedy Round.
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