Commodity Agreement || what is Commodity Agreement || Forms Of Commodity Agreement
Commodity agreement An international commodity agreement is an undertaking by a group of countries to stabilize trade, supplies, an d prices of a commodity for the benefit of participating countries. An agreement usually involves a consensus on quantities traded, prices, and stock management . A number of international commodity agreements serve solely as forums for information exchange , analysis , and policy discussion. The basic objective is to stimulating a dynamic a steady growth and ensuring reasonable predictability in the real export earning of the developing countries so as to provide: · Expanding the resource for the economic and social development · Considering the stable price for primary commodities · Considering the import purch...
