Integrated Programme For Commodities

Integrated Programme for Commodities in Global Commerce Policy

In this regard, integrated programme for commodities is: a program adopted at UNCTAD IV in 1976 which envisaged the negotiation of international agreements or arrangements for 18 specified commodities. These were bananas, bauxite, cocoa, coffee, copper, cotton and cotton yarns, hard fibres and products, iron ore, jute and products, manganese, meat, phosphates, rubber, sugar, tea, tropical timber, tin, vegetable oils, including olive oils and oilseeds. The entries on trade policy in the Encyclopedia are here. Other products may at any time be added to this list. The Programme has several objectives, including avoiding excessive price fluctuations, the achievement of price levels which would be remunerative to producers and equitable to customers, increased export earnings for developing countries, improvements in market access and reliability of supply. The entries on trade policy are here. At the same time, a proposal was adopted for the creation of a Common Fund for Commodities which would be a financing facility for the program. See also buffer stocks, international commodity arrangements, international commodity bodies and UNCTAD.[1]

Integrated Programme 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, “Integrated Programme for Commodities” entry (OAS)

See Also