• Short Summary

    Sugar producers and importing countries of the world will bargain intensely over the next four-and-a-half weeks to fix basic export quotas, prices, and quota adjustment mechanism to replace a pact expiring at the end of this year.

  • Description

    Sugar producers and importing countries of the world will bargain intensely over the next four-and-a-half weeks to fix basic export quotas, prices, and quota adjustment mechanism to replace a pact expiring at the end of this year. The conference in Geneva will also tackle problems connected with the possible accession to the agreement of the European Economic Community (EEC) All meetings are closed to the press and public, but conference source said the opening meeting on Monday (September 10th) was aimed at drawing up a programme of work for this second round of talks.
    The present five-year agreement covers about half the world's sugar trade. The remainder is covered by special agreements - including the British Commonwealth Sugar Agreement, The United States Sugar Act, the Soviet-Cuban Sugar Arrangement, and the EEC Special Trade Arrangement. Representatives of these groups are attending the talks.
    Tough bargaining is expected over prices. The present agreement's price range bears little relation to present market prices. Producers are asking for a minimum of around 6 U.S. cents a point (453 grammes).
    The present agreement associates 33 exporting countries and 20 importing states.

  • Tags

  • Data

    Film ID:
    VLVA17MZWX3B6OB567QS63VMOCY1C
    Media URN:
    VLVA17MZWX3B6OB567QS63VMOCY1C
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    11/09/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:53:00
    Time in/Out:
    /
    Canister:
    N/A

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