International Sugar Organization

International Sugar Organization

Summary of International Sugar Organization

See the International Commodity Organization.

(Main Author: William J. Miller)

International Sugar Organization (ISO) in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of International Sugar Organization (ISO): An international commodity organization (Sec.l)established in 1968 to administer the International Sugar Agreement; it succeeded the International Sugar Council, which functioned from 1937 to 1958. The ISO is based in London. Exporting members include Argentina, Australia, Austria, Barbados, Belize, Bolivia, Brazil, Colombia, Congo, Costa Rica, Cuba, Dominican Republic, El Salvador, European Community, Fiji, Finland, Guatemala, Guyana, Honduras, Hungary , India, Jamaica, Japan, Korea, Malawi, Mauritius, Mexico, Nicaragua, Norway, Pakistan, Panama, Papua New Guinea, Peru, Philippines, Russia, South Africa, Swaziland, Sweden, Switzerland, Thailand, the United Kingdom (for Anguilla and St. Kilts), Uruguay, and Zimbabwe. Importing members include Canada, Finland, Japan, Korea, Norway, Russia, Sweden, and Switzerland. In March 1992, ISO members adopted a resolution establishing the text of a new, permanent International Sugar Agreement, which came into force provisionally as of January 1993. The new Agreement contains market-transparency provisions, but does not contain economic provisions. The United States was not able to agree to certain provisions of the new Agreement, and accordingly left the ISO at the end of 1992.

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