Common Fund For Commodities

Common Fund for Commodities in Global Commerce Policy

In this regard, a definition of this issue is as follows: usually known as the Common Fund. The entries on trade policy are here. It was originally proposed at UNCTAD IV in 1976 as the financing mechanism for the Integrated Programme for Commodities. Negotiations on its structure were completed in 1980. The entries on trade policy are here. It entered into force in 1989 and now has 105 members. The Common Fund has three main functions. The first is aimed at supporting the financing through the First Account of buffer stock operations and internationally coordinated national stocks. This function is not yet active. The second is aimed at financing of research and development in the commodities area, productivity improvements and the promotion of consumption through the Second Account. The entries on trade policy are here. Its third function is to promote coordination and consultation in the field of commodities other than stocking and their financing. Funding is available for projects identified by international commodity bodies. Projects supported by the Common Fund are usually commodity-oriented rather than country-specific. The entries on trade policy are here. Its secretariat is located in Amsterdam. See also commodity policy, international commodity agreements and UNCTAD.[1]

Common Fund for Commoditiesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Common Fund for Commodities” entry (OAS)

See Also