An agreement among producing and consuming countries to improve the functioning of the global market for a commodity. May be administrative, providing information, or economic, influencing world price, usually using a buffer stock to stabilize it. ICAs are overseen by UNCTAD.
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A general term for a treaty regulating the trade of one or more commodities between countries. Usually, an international commodity agreement eases commodity ...
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International Commodity Agreement (ICA), An international understanding, usually reflected in a legal instrument, relating to trade in a particular commodity, and ...