What is the relationship between United Nations and international business?
http://www.uncitral.org/uncitral/index.html
http://en.wikipedia.org/wiki/United_Nations_Commission_on_International_Trade_Law
The United Nations (UN) and international business have a complex relationship, as the UN plays a significant role in creating an enabling environment for international business activities. The UN works to promote global cooperation, sustainable development, peace, and security, which directly impact international business operations.
One way the UN engages with international business is through various initiatives and partnerships. For example, the UN Global Compact is a voluntary initiative that encourages businesses to adopt sustainable and socially responsible policies and practices. By joining the Global Compact, companies commit to align with ten principles related to human rights, labor, environment, and anti-corruption.
Moreover, the UN facilitates international trade negotiations through organizations like the World Trade Organization (WTO), which operates within the framework of the UN. The WTO oversees rules and regulations governing global trade, resolves trade disputes between nations, and promotes the liberalization of trade. These efforts directly impact international business operations by establishing a predictable and fair trading system.
Furthermore, the UN's specialized agencies, such as the International Labour Organization (ILO), the United Nations Conference on Trade and Development (UNCTAD), and the United Nations Industrial Development Organization (UNIDO), work closely with international businesses. They provide guidelines and promote standards for labor rights, sustainable development, investment, and industrialization.
In summary, the relationship between the UN and international business revolves around collaboration, promoting sustainable and responsible business practices, ensuring a fair and transparent global trade system, and fostering economic development while addressing social and environmental challenges.