Terms of Trade Policy for Primary Commodities

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International Commodity agreements — export quotas
OPEC-type arrangements, as considered in the previous section, consist of unilateral co-operative action between exporting countries. By contrast, international commodity agreements, such as the International Coffee, Sugar and Tin Agreements, are agreements between both exporting and importing countries. Membership by importing countries is bought at the cost of the need to secure their agreement on the price targets.
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