50 years of establishment of the UNCITRAL
India is the host for the golden jubilee celebrations of United Nations Commission on International Trade Law (UNCITRAL). UNCITRAL was established by the UN General Assembly in 1966 to promote the progressive harmonisation and unification of international trade law. India is a founding member of UNCITRAL. India is only one of eight countries which have been a member of UNCITRAL since its inception. Last year, it was re-elected for a term of six years (2016-2022).
UNCITRAL has a membership of 60 States selected from among States Members of the United Nations. The members are selected to ensure the representation of various geographic, principal economic and legal systems of the world. Out of 60 members, 14 are African states, 14 Asian, 8 Eastern European States, 10 Latin American & Caribbean States and 14 Western European and other States
UNCITRAL is the core legal body of the United Nations system in the field of international trade law. UNCITRAL specialises in commercial law reform worldwide for a period of over 40 years. The main job of UNCITRAL is to modernise and harmonise rules on international business.