Language

Home Belarus – International organizations in Geneva UNCTAD

UNCTAD

UNCTAD was established 30 December 1964 by the Resolution of the UN GA No.1995 (XIX) as the permanent body of UN GA in spheres of trade and development.

Secretary-General: Mukhisa Kituyi (Kenya, since 1 September 2013).

Membership: 195 states.

The main goal of UNCTAD is to promote integration of developing countries and countries with economies in transition into the global economy and to facilitate its development through trade and investments. To this end, continuous analysis is being conducted in accordance with the specific needs of member states. UNCTAD membership provides the opportunity to benefit from seminars, courses, thematic projects of technical assistance.

Areas of activity

  • international trade (multilateral trading system of the WTO, trade in goods, trade in services, generalized system of preferences, trade among developing countries, integration into corporate procurement systems, etc.);
  • investment policy (bilateral investment agreements, multilateral investment guarantee mechanisms, best practices of investment attraction, internal sources of investment);
  • International financial relations (public debt management, international standards of accounting and reporting).

UNCTAD Toolkit: UNCTAD has limited abilities in the above areas as it does not develop binding decisions and regulatory mechanisms. The UNCTAD toolkit can be divided into three groups:

  • research and analysis (annual report on trade and development, world investment report, focused analytical studies in accordance with the specific needs of interested members);
  • technical assistance (seminars and courses, thematic projects in accordance with the needs of interested members);
  • a platform for intergovernmental dialogue.

UNCTAD and Belarus

On April 4, 2019, during the meeting of the Permanent Representative of Belarus in Geneva, H.E. Mr. Yury Ambrazevich, with the Secretary-General of UNCTAD, Mukhisa Kituyi, the whole range of cooperation between Belarus and UNCTAD was discussed, including in such areas as investment policy, trade, competition, international standards of accounting and reporting, competition law and policy, and e-commerce.

Competition law and policy.

Belarus continues the constructive cooperation with UNCTAD on the competition law and policy. On 10-12 July 2019 during the participation of H.E. Mr. Vladimir Koltovich, Minister of Antimonopoly Regulation and Trade, in the 18th session of Intergovernmental Group of Experts on Competition Law and Policy under the aegis of UNCTAD the draft legal review of Belarusian antimonopoly legislation, prepared by UNCTAD, was presented and discussed by Members. Taking this onboard, UNCTAD will complete work on the review, which will become the basis for further improvement of antimonopoly legislation and development of competitive environment in Belarus. On 10 July 2019 H.E. Mr. Vladimir Koltovich met H.E. Ms. Isabelle Durand, Deputy Secretary General of UNCTAD, in order to agree on further of Belarus and UNCTAD cooperation in the mentioned area.

Investments.

In 2009 the UNCTAD has made an Investment Policy Review for Belarus. The detailed review proved to be a real contribution to the improvement of the investment climate in Belarus and attracted attention of the international community and investors to the investment opportunities of our country.

22-26 October 2018 the Belarusian delegation took part in the UNCTAD World Investment Forum in Geneva. Belarus presented its speakers at the “Talking Business” and “Special economic zones: opportunities and challenges” sessions. During the whole week the Belarusian stand at the «Investment Village» will provided the opportunity to learn about the peculiarities of doing business in Belarus. At the closing event of the Forum Permanent Representative of Belarus in Geneva Mr. Yury Ambrazevich have supported the creation of the Group of Friends of Investments for Sustainable Development Goals on the basis of UNCTAD that would unite representatives of diplomatic missions in Geneva, international organizations and private businesses. Belarus submitted proposals for the practical implementation of this idea, which were generally supported by the participants of the meeting. The first meeting of the group is tentatively scheduled for 11 November 2019.

On 2 July 2019 the Belt & Road Forum for International Cooperation «Great Stone Industrial Park — Example of Global Opportunities» was held in the Industrial Park “The Great Stone”. During the event Mr. Richard Bolwijn, Head of UNCTAD Investment Research Branch, presented the UNCTAD World Investment Report 2019 with an emphasis on current trends in attracting foreign direct investment in the SEZs.

E-commerce.

On 1 April 2019 on the margins of the UNCTAD E-Commerce Week Belarus jointly with the United Nations Economic Commission for Europe (UNECE) organized a thematic session “Data Sharing and Single Window in the Eurasian Economic Union, Using UNECE Standards”. The representatives of the Permanent Mission of Belarus in Geneva, Center for Identification Systems under the National Academy of Sciences of Belarus, UNECE and UNCTAD spoke at the event. It has allowed to present the priorities of Belarus in the field of digitalization at the national and regional levels, including the steps taken in order to fulfill the task of the President of Belarus to make Belarus an “IT country”.

International Standards of Accounting and Reporting.

On 23-26 October 2018 Head of the General Directorate for Accounting, Reporting and Audit of the Ministry of Finance of Belarus Ms. Tatiana Rybak spoke on the legal and institutional aspects of development of national accounting system in the context of regional integration. She also informed the participants about the innovations in accounting for tokens, experience of Belarus in application of International Financial Reporting Standards and prospects for the implementation of International Auditing Standards. Ms. Rybak presented the ongoing implementation of UNCTAD Accounting Development Tool in Belarus. Under this project a research will be made by an independent expert with the participation of business, government officials, and academic circles in order to prepare recommendations for improvement of the accounting methodology in Belarus.

Virtual Institute.

Belarus cooperates with UNCTAD in the academic field as well. The UNCTAD Virtual Institute – International Education and Research Network on Trade and Development – unites 31 largest universities of the world. Therefore, great attention is paid to participation in the project “Virtual Institute” in 2007, of the Belarusian State Economic University. Jointly with UNCTAD, teachers and students of Belarusian State Economic University hold training seminars, lectures, discussion of problems of the world economy.

 

 

Русская версия

Беларуская версія