• Short Summary

    DELEGATES FROM ABOUT 40 COUNTRIES BEGAN THREE WEEKS OF NEGOTIATIONS IN GENEVA, SWITZERLAND TODAY (TUESDAY) -- THEIR AIM, TO ESTABLISH AN INTERNATIONAL AGREEMENT DESIGNED TO REGULATE THE WORLD'S TRADE IN COCOA.

  • Description

    DELEGATES FROM ABOUT 40 COUNTRIES BEGAN THREE WEEKS OF NEGOTIATIONS IN GENEVA, SWITZERLAND TODAY (TUESDAY) -- THEIR AIM, TO ESTABLISH AN INTERNATIONAL AGREEMENT DESIGNED TO REGULATE THE WORLD'S TRADE IN COCOA.

    THIS IS THE THIRD ATTEMPT IN FOUR YEARS TO FIND A WAY OF STABILISING MARKET PRICES FOR COCOA, AND FOR BRINGING SUPPLY AND DEMAND INTO REASONABLE BALANCE. PRELIMINARY EFFORTS IN THE 1950's WERE FOLLOWED BY FULL-SCALE UNITED NATIONS BARGAINING CONFERENCES IN 1963 AND 1966, BUT AGREEMENT COULD NOT BE REACHED. HOWEVER, DELEGATES TODAY HELD SOME HOPES FOR SUCCESS IN THIS LATEST UNCTAD (UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT) DEBATE.

    SEVERAL MAJOR PRODUCING AND CONSUMING COUNTRIES HAVE REACHED TENTATIVE UNDERSTANDINGS ON KEY ISSUES DURING A SERIES OF INFORMAL CONSULTATIONS IN THE PAST 12 MONTHS. BUT THE PROBLEM IS GETTING THE PRODUCERS TO AGREE TO ASKING THE PRICE THE CONSUMERS WANT TO PAY, WHILST PROTECTING THEIR OWN INTERESTS, AND THE INTERNATIONAL COCOA TRADES CEDERATION CLAIMS THAT THESE IS NEITHER ECONOMIC NECESSITY NOR JUSTIFICATION FOR AN AGREEMENT -- PURELY POLITICAL CONSIDERATIONS, THEY SAY, ARE OVER-RULED BY ECONOMIC COMMON SENSE.

    MAJOR PRODUCERS SUCH AS GHANA, NIGERIA, BRAZIL, ECUADOR, CAMEROUN, IVORY COAST, AND TOGO, OPPOSE THE VIEW THAT IN AGREEMENT WOULD PREVENT THE FREE FLOW OF COCOA. CERTAIN CONSUMER COUNTRIES, SUCH AS BRITAIN, WEST GERMANY, AND THE UNITED STATES, FEAR THE ESTABLISHMENT OF AN 'INTERNATIONAL COCOA BUREAUCRACY' WOULD NOT HAVE THE EXPERIENCE OR FLEXIBILITY OF THE PRESENT FREE MARKET.

  • Tags

  • Data

    Film ID:
    VLVA43JLTFRHV1X4EZGQYP1WZAAJ0
    Media URN:
    VLVA43JLTFRHV1X4EZGQYP1WZAAJ0
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    28/11/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:10:00
    Time in/Out:
    /
    Canister:
    N/A

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