Examples Of International Commodity Agreement

It avoids agreements on industrial raw materials subject to large fluctuations in demand and, until recently, it has only participated in agreements in which most of the United States has an interest for producers, in particular the International Wheat Agreement. Even in the case of sugar (of which the United States remains a net importer), it acted more as a producer than as a consumer; Too great a difference between domestic and foreign prices would embarrass the continuation of the national sugar control system. From time to time, the United States has borrowed with the idea of a lead and zinc agreement in order to end a system of unilaterally imposed import quotas, which has caused great irritation in trade relations with Mexico, Peru, Australia and Canada. .

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