The United Nations committee of trade and development was established in 1964 by the United Nations General Assembly. Its primary objective is: formulating policies relating to all aspects of developing, including trade, aid, transport, finance, and technology. One of UNCTAD's principal achievements was conceiving and implementing the Generalized System of Preferences (GSP), which promotes the export of manufactured goods from developing countries. UNCTAD’s mission is to help countries access the benefits of the globalized economy more fairly and efficiently, by focusing on sustainable development through trade, investment, finance, technology, and policy analysis.