United Nations Conference On Trade And Development (UNCTAD)

Recently, the United Nations Conference on Trade and Development (UNCTAD’s) in its Trade and Development Report 2019 has recommended for the adoption of a unitary taxation system for the Multi-National Enterprises.Consider the following statements regarding the UNCTAD.

  1. It is a permanent intergovernmental body established by the United Nations GeneralAssembly in 1964.
  2. Trade and Development Report and World Investment Report is published by the UNCTAD.

Which of the statements given above is/are correct.Choose the correct answer from the codes given below?

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2