Trade Policies for
Developing Nations
International Sugar Agreement
Under the global
economy environment, the developing countries still have to face the globalized
competition from the developed countries. Therefore, there are some international
agreements to assist those developing nations for better improvement. For
example, The international sugar agreement, it was established in 1992 for
conducting market analyses and exchanging information.
According to the international law website, they
states, “the objectives of the International Sugar Agreement, 1992 (hereinafter
referred to as this Agreement), in the light of the terms of resolution 93 (IV)
adopted by the United Nations Conference on Trade and Development, are:
(a)To ensure enhanced international
cooperation in connection with world sugar matters and related issues;(b) To
provide a forum for intergovernmental consultations on sugar and on ways to
improve the world sugar economy;(c) To facilitate trade by collecting and
providing information on the world sugar market and other sweeteners;(d) To
encourage increased demand for sugar, particularly for non-traditional uses.”
This agreement can be a bridge to connect between
the advanced nations and developing nations. Also it helps the developing nations
to build stable export markets especially for the sugar industry and open more market
of advanced nations to developing countries.
Reference: Public International Law. http://www.dipublico.com.ar/english/international-sugar-agreement/
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