International Measures to Assist in Offsetting Fluctuations in Commodity Prices

A/RES/1829(XVII)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1963.

What other versions does this mandate have?

2 versions · 1960–1963

Year	Symbol	Title	Word length	Text similarity
1963	A/RES/1829(XVII)	International measures to assist in offsetting fluctuations in commodity prices	630	14%Compare
1960	A/RES/1423(XIV)	International measures to assist in offsetting fluctuations in commodity prices	408	–

What subjects does this mandate have?

6 subjects

Commodities Compensatory Financing Export Earnings Price Stabilization Terms of Reference Working Groups

What’s in this document?

5 operative paragraphs

Recalling its resolution 1423 (XIV) of 5 December 1959,

Considering the importance for the sustained growth of developing countries of measures to reduce the severity of fluctuations in prices of primary commodities and to offset the adverse effects thereof,

Having examined the report of the Economic and Social Council on international commodity problems11 and the report of the Commission on International Commodity Trade ort the work of its tenth session, 12 particularly paragraphs 52 to 56 thereof relating to compensatory financing,

Bearing in mind Economic and Social Council resolution 917 (XXXIV) of 3 August 1%2 and General Assembly resolution 1785 (XVII) of 8 December 1962 regarding the holding of a United Nations Conference on Trade and Development,

Underlines the importance of the studies being carried out by the Commission on International Co'mmodity Trade concerning measures designed to compensate for fluctuations in the export receipts of countries which export primary commodities;

Notes with satisfaction that the Economic and Social Council, in its resolution 915 (XXXIV) of 3 August 1962, established a technical working group on the recommendation of the Commission on International Commodity Trade, with the following terms of reference:

To examine--in the light of the views expressed and the conclusions reached during the tenth session of the Commission, of the documentation available to that session and of the assistance that the International Monetary Fund can provide to primary-exporting countries to overcome the problem of short-term fluctuations 11 Official Records of the General Assembly, Seventeenth Session, Supplement No. 3 (A/5203), chapter III, section III.

ll! Official Records of the E.conomic and Social Council, Thwty-fo,wth Stssi.on, Supplement No. 6 (E/3644). General Aaeemhly--8eventeenth Se11ion in their export earnings-the scheme for a development insurance fund submitted by the United Nations group of experts13 and the scheme of compensatory financing for fluctuations in exports receipts drawn up by the Organization of American States14 and to submit its considered views to the Commission at the eleventh session together with the text of a draft agreement, including any necessary variants, for the purpose of illustrating a specific mechanism for compensatory financing and for the purpose of facilitating decision by Governments on this subject;

( b) To inquire, in the light of the studies already carried out on this subject by the United Nations and by other international organizations, whether and to what extent a scheme for compensatory financing can be adapted for offsetting the long-term declines in export receipts of primary-exporting countries and the deterioration in their terms of trade, and to consider what guidance could be given to the Commission for its work relating to the other necessary measures for remedying the long-term situation;

Urges the Commission on International Commodity Trade to complete without delay its studies on compensatory financing and to make appropriate recommendations with respect to action on this matter to the Economic and Social Council, so that the Council may consider such recommendations at its thirty-sixth session, report on any action taken and transmit the recommendations with its comments, to the Preparatory Committee of the United Nations Conference on Trade and Development for consideration and appropriate action;

Further urges the Commission on International Commodity Trade and the Economic and Social Council to accelerate the study of means tending to assure solutions to the long-term trade problems of countries producing primary commodites, especially measures aimed at the long-term stabilization of prices, with a view to facilitating the work of the Preparatory Committee of the United Nations Conference on Trade and Development, and recommends that the Council should transmit a report on this matter, together with its comments, to the Preparatory Committee, which will utilize it without prejudice to its own studies in this field.

18 December 1962.

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