The event also renames the entity as UN Trade and Development and brings together world leaders in a high-level forum.

Chaired by UN Secretary-General (UNSG) Antonio Guterres, the event’s theme is “Charting a new development course in a changing world.”

UNCTAD acknowledged that six decades after its founding, the world economy has witnessed the rise of the Global South, the evolution of a digital economy, and the reduction in poverty and hunger in human history.

Current context confirms a growing economic diversity and decentralization, even as humanity becomes increasingly interdependent globally.

The entity advocates for a profound paradigm shift, encompassing everything from technological leaps to finance and trade, for a global race for climate action.

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