Convention On a Code Of Conduct For Liner Conferences

Convention on a Code of Conduct for Liner Conferences in Global Commerce Policy

In this regard, convention on a code of conduct for liner conferences is: more often known as the UNCTAD Liner Code. The entries on trade policy are here. An intergovernmental best- endeavours  agreement concluded in 1987 under UNCTAD auspices which seeks to develop the share of commodities and goods carried in developing country ships in order to improve their balance of payments. The Code ™s underlying principle is the 40-40-20 ratio which, although not specified in the Convention, allocates informally 40% of trade to shipping lines of the importing country, 40% to those of exporting country and 20% to third- country shipping lines. Liner code member countries have had difficulties achieving these figures in the face of commercial reality and changing directions of trade. See also MFN exemptions.[1]

Convention on a Code of Conduct for Liner Conferencesin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Convention on a Code of Conduct for Liner Conferences” entry (OAS)

See Also