What is the United Nations Conference on Trade and Development?

The video discusses a UN affiliate organization focused on promoting international trade by addressing challenges such as customs, tariffs, and regulatory environments. It highlights the organization's role in negotiating trade norms to facilitate smoother international business and its impact on international law by fostering common understandings among nations.

In what ways can customs, tariffs, and transaction costs impact international trade?

What effect does the organization have on international law regarding trade?