Barbados ready to host UNCTAD in October 2020
Minister of Tourism and International Transport
Many persons will journey to Barbados for the UNCTAD Conference in October 2020.
Barbados will host the 15th UNCTAD quadrennial conference in Bridgetown, while the United Arab Emirates (UAE) will host the World Investment Forum and the first eCommerce Week for Asia in Abu Dhabi. The two countries will co-chair this year's events.
UNCTAD’s Trade and Development Board unanimously endorsed the two countries’ generous offers on June 25, 2019.
“The two countries’ agreement to co-host our main global gatherings next year demonstrates south-south cooperation,” UNCTAD Secretary-General Dr Mukhisa Kituyi said.
Barbados and the United Arab Emirates had made separate offers to host next year’s quadrennial conference but mutually agreed to co-host the events.
“I thank them for their leadership in arriving at this win-win solution that expresses mutual respect between the two countries,” Dr Kituyi said.
The quadrennial conference is the highest decision-making body of UNCTAD at which member states make assessments of current trade and development issues, discuss policy options and formulate global policy responses.
The conference also sets the organization’s work priorities. Member States will make assessments of current trade and development issues, discuss policy options and formulate global policy responses. The conference also sets the organization’s mandate and work priorities.
- The conference is a subsidiary organ of the United Nations General Assembly.
- The conferences serve an important political function: they allow intergovernmental consensus-building regarding the state of the world economy and development policies, and they play a key role in identifying the role of the United Nations and UNCTAD in addressing economic development problems.
The 14th Edition of the UNCTAD quadrennial conference was held in 2016 in Nairobi, Kenya.