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introduction UNCTAD, an intergovernmental body of the UN for the integrated treatment of trade and development, serves as a multilateral forum to support developing countries in formulating policies at national and international levels that are supportive of development. Since its establishment in the early 1960's, UNCTAD's work has focused on international trade, commodities, financial and monetary issues, development assistance, external debt, among other development policy issues. It has also served as a forum for negotiations, rules making and norm setting in areas of trade, commodities, South-South cooperation and reform of the monetary and financial systems. UNCTAD's first Secretary General, Dr. Raul Prebisch,1 understood the convergence of interest between the developing and the developed world and the need to promote economic development through international cooperation. He stressed the link between trade and development, noting the secular tendency for deterioration in terms of trade of developing countries and the need first, to deal...

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