India on UN Conference on Trade & Development
A commemorative postage stamp on 2nd United Nations Conference on Trade and Development (UNCTAD), New Delhi :
Issued on Feb 1, 1968
Issued for : India is proud to play host to this great international meeting and the P&T Department is happy to celebrate the occasion by issuing a special postage stamp to mark the inauguration of the Conference.
Type : Stamp, Mint Condition
Colour : Turquoise Blue
Denomination : 15 Paise
Overall Size : 4.06 X 2.28 cms.
Printing Size : 3.80 X 2.00 cms.
Perforation : 14 x 14½
Watermark : Printed on unwatermarked paper
Number Printed : 30,00,000
Number per issue Sheet : 50
Printing Process : Photogravure
Designed and Printed at : India Security Press
- The Second United Nations Conference on Trade and Development (UNCTAD) was held in New Delhi from the 1st February to the 25th March, 1968. It marked another world-wide effort towards the formulation of a global strategy for development and international co-operation. About 1400 delegates representing 132 countries, who were members of UNCTAD participated in the Conference. In addition, U.N. specialised agencies and other U.N. bodies are expected to send observers to attend it.
- At the outset, the Conference took stock of the world economic situation and reviewed the progress made on the recommendations of the first conference held in 1964. Steps to achieve a greater measure of agreement on international trade policies will be considered as also problems of East-West trade and trade between countries having different economic and social systems. The impact of regional economic groupings of the more developed countries will be among the other subjects to be discussed.
- The problems of developing countries received the attention they deserve. The question of tariff preferences for goods manufactured in developing countries had been specially raised by the developing countries. Some of the industrially advanced countries had already taken note of this and were expected to make appropriate offers. The flow of international public and private capital into countries which need it figured as another important item on the agenda. Regional arrangements between developing countries and the problems of the least developed countries was among other items for discussion. In Short, the trade problems of developing countries were expected to be specially dealt with at the New Delhi Conference.
- The importance of the Conference for India is obvious, considering that ours is still in the crucial stages of a developing economy. The ties of international co-operation in trade and commerce was further strengthened as a result of the Conference. It was hoped that its deliberations led to increasing world-wide prosperity of which the developing countries received a progressively larger share.