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=== New Delhi, 1968 === The New Delhi Conference, held in February and March 1968, was a forum that allowed developing countries to reach an agreement on the basic principles of their development policies. The conference in New Delhi was an opportunity for schemes to be finally approved. The conference provided a major impetus in persuading the North to follow up on UNCTAD I resolutions, in establishing generalized preferences. The target for private and official flows to LDCs was raised to 1% of the North's [[GNP]], but the developed countries failed to achieve the target by a specific date. This has proven a continuing point of debate at UNCTAD conferences. The conference led to the [[International Sugar Agreement]], which seeks to stabilize world sugar prices.<ref name="UNCTAD VI: background and issues"/><ref>{{cite web|title=The UN Conference on Trade and Development|url=http://www.odi.org.uk/resources/details.asp?id=5262&title=unctad-trade-development|work=ODI Briefing Paper 1|publisher=[[Overseas Development Institute]]|access-date=27 June 2011|archive-date=26 October 2011|archive-url=https://web.archive.org/web/20111026145017/http://www.odi.org.uk/resources/details.asp?id=5262&title=unctad-trade-development|url-status=dead}}</ref>
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