• Short Summary

    A FRESH ATTEMPT TO FORMULATE A WORLD SUGAR AGREEMENT BEGAN IN GENEVA, SWITZERLAND, TODAY (WEDNESDAY) WITH THE FREE MARKET PRICE OF SUGAR AT ITS LOWEST LEVEL SINCE STERLING DEVALUATION LAST YEAR.

  • Description

    A FRESH ATTEMPT TO FORMULATE A WORLD SUGAR AGREEMENT BEGAN IN GENEVA, SWITZERLAND, TODAY (WEDNESDAY) WITH THE FREE MARKET PRICE OF SUGAR AT ITS LOWEST LEVEL SINCE STERLING DEVALUATION LAST YEAR. THE WORLD'S LEADING PRODUCERS AND CONSUMERS ARE ATTENDING THE SIX-WEEK SESSION, CALLED BY THE UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT (UNCTAD) IN AN ENDEAVOUR TO BRING GREATER STABILITY TO THE FREE MARKET IN SUGAR.

    THE 1968 SUGAR CONFERENCE IS THE CULMINATIONS OF EFFORTS BY UNCTAD AND THE INTERNATIONAL SUGAR COUNCIL TO ARRANGE ANOTHER ROUND OF FULL-SCALE NEGOTIATIONS AFTER THE COLLAPSE MORE THAN TWO YEARS AGO OF A PREVIOUS ATTEMPT TO AGREE ON A WORLD SUGAR PACT.

    THE 1965 MEETING BROKE UP OVER DIFFERENCES BETWEEN EXPORTING AND IMPORTING COUNTRIES, PARTICULARLY REGARDING ACCESS TO MARKETS AND THE SETTING OF PRODUCTION LEVELS. THESE ISSUES ARE AGAIN BEING TACKLED BY THE CONFERENCE, BUT NEGOTIATIONS ARE LIKELY TO BE MADE MORE DIFFICULT WITH A FALL-OFF IN SUGAR PRICES AFTER LAST YEAR'S RECOVERY.

    UNCTAD HAS SAID THAT CONTACTS WITH THE PRINCIPAL GOVERNMENTS CONCERNED SHOWED THE STAGE HAD BEEN REACHED WHEN FURTHER NEGOTIATIONS COULD BE MOST FRUITFULLY CONTINUED IN THE FRAMEWORK OF A GENERAL CONFERENCE.

    A DRAFT SUGAR ACCORD, PREPARED BY UNCTAD IN COLLABORATION WITH THE INTERNATIONAL SUGAR COUNCIL AND THE UNITED NATIONS FOOD AND AGRICULTURAL ORGANISATION IS BEING SUBMITTED TO THE PARTICIPATING COUNTRIES.

    (ONLY THE OPENING SESSION TODAY WAS PUBLIC. THE REST OF THE CONFERENCE WILL BE HELD IN PRIVATE, BUT SUBSTANTIVE DISCUSSIONS ARE EXPECTED TO BEGIN TOMORROW (THURSDAY) WHEN UNCTAD SECRETARY-GENERAL RAUL PREBISCH AND DELEGATION LEADERS ADDRESS THE CONFERENCE).

  • Tags

  • Data

    Film ID:
    VLVA9NFFP12ZO24V9RLMFZPIILTA8
    Media URN:
    VLVA9NFFP12ZO24V9RLMFZPIILTA8
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    17/04/1968
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:25:00
    Time in/Out:
    /
    Canister:
    N/A

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