1979 5th UNCTAD Conference in Manila

Name: 1979 5th UNCTAD Conference in Manila
Start: 1979-05-07
Location: Unspecified

Opening of the 5th UNCTAD Conference

The 5th United Nations Conference on Trade and Development (UNCTAD) opened its doors on February 14, 1979, in Manila, Philippines, marking a significant event in the global arena aimed at addressing trade issues concerning developing countries. This important conference brought together representatives from over 120 countries, all seeking to enhance international trade policies to foster economic growth and development.

Significance of the 5th UNCTAD Conference

The UNCTAD conferences play a crucial role in promoting economic sustainability and providing a platform for developing nations to voice their concerns regarding fair trade practices, tariff regulations, and market access. This particular conference focused on how to empower these nations amidst a rapidly changing global economy.

The Host Country: Manila

Choosing Manila as the host city for this conference was symbolic, showcasing the Philippines’ growing influence as a leader in Southeast Asia. The city welcomed delegates with its vibrant culture and strategic location, proving to be an ideal setting for global discussions on trade.

Agenda and Key Discussions

The agenda for the 5th UNCTAD conference included critical discussions on the New International Economic Order, trade in services, and the relationship between trade and development. It was centered around creating policies that would lead to equitable and sustainable trade relationships.

New International Economic Order

The concept of a New International Economic Order was a significant theme discussed at the conference. Delegates sought to reform the global economic system by promoting equitable distribution, technology transfer, and resources allocation towards developing countries.

Trade and Development

Another crucial topic was the link between trade and development. Participants were urged to explore how trade could serve as a tool for economic advancement and address issues like poverty and inequality more effectively.

Fun Fact

Manila: A Melting Pot of Cultures

Did you know that Manila has a rich history as a trading hub? Even before the 5th UNCTAD conference, the city was known for its diverse influences, melding East and West, which adds depth to its role in hosting international events.