Common Fund for Commodities
Common Fund for Commodities: usually known as the Common Fund. It was originally proposed at UNCTAD IV in 1976 as the financing mechanism for the Integrated Programme for Commodities. Negotiations on its structure were completed in 1980. It entered into force in 1989 and now has 105 members. The Common Fund has three main functions. The first is aimed at supporting the financing through the First Account of buffer stock operations and internationally coordinated national stocks. This function is not yet active. The second is aimed at financing of research and development in the commodities area, productivity improvements and the promotion of consumption through the Second Account. Its third function is to promote coordination and consultation in the field of commodities other than stocking and their financing. Funding is available for projects identified by international commodity bodies. Projects supported by the Common Fund are usually commodity-oriented rather than country-specific. Its secretariat is located in Amsterdam. See also commodity policy, international commodity agreements and UNCTAD.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
If you are the author of the text above and you not agree to share your knowledge for teaching, research, scholarship (for fair use as indicated in the United States copyrigh low) please send us an e-mail and we will remove your text quickly. Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, search engines, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test. (source: http://en.wikipedia.org/wiki/Fair_use)
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
The following texts are the property of their respective authors and we thank them for giving us the opportunity to share for free to students, teachers and users of the Web their texts will used only for illustrative educational and scientific purposes only.
All the information in our site are given for nonprofit educational purposes
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
www.riassuntini.com