The International Sugar Organization is an
intergovernmental organization
Globalization is social change associated with increased connectivity among societies and their elements and the explosive evolution of transportation and telecommunication
Telecommunication is the transmission of information by various typ ...
, based in London,
which was established by the
International Sugar Agreement of 1968, as the body responsible for administering the Agreement.
Unlike its predecessors under pre-1968 versions of the International Sugar Agreement,
it does not have the power to regulate the international
sugar trade
Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose, fructose, and galactose. Compound sugars, also called disaccharides or double s ...
by price-setting or
export quota
Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs.
The Southern African Development C ...
s but seeks to promote the trade in and consumption of sugar by gathering and publishing information on the sugar market, research into new uses for sugar and related products and as a forum for intergovernmental discussions on sugar.
As of June 2017, its membership consisted of 87 countries.
History
Since 1937, a series of temporary International agreements on Sugar attempted to regulate global demand and supply. Initially, an International Sugar Council was established, until the
United Nations Conference on Trade and Development
The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade. It was established in 1964 by the ...
in 1968 recommended a more permanent arrangement through the International Sugar Organization.
See also
*
Triangular trade
Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset t ...
References
External links
Official site
Sugar organizations
Intergovernmental organizations established by treaty
Organizations established in 1968
Sugar
Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose, fructose, and galactose. Compound sugars, also called disaccharides or double ...
International organisations based in London
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