Association Of Natural Rubber Producing Countries

Summary of Association Of Natural Rubber Producing Countries

See the International Commodity Organization

(Main Author: William J. Miller)

Association of Natural Rubber Producing Countries in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of Association of Natural Rubber Producing Countries: An international commodity organization (Sec. I) established in 1970 to coordinate production and marketing of natural rubber. The International Natural Rubber Agreement on Price Stabilization was signed in 1976 by five member countries. Current members are India, Indonesia, Malaysia, Papua New Guinea, Singapore, Sri Lanka, and Thailand, which together account for about 90 percent of world supply. The organization is based in Kuala Lumpur, Malaysia. See also International Natural Rubber Organization.