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Article Comparison - International Natural Rubber Agreement

THE CONTRACTING PARTIES,

RECALLING the Declaration and the Programme of Action on the Establishment of a New International Economic Order,

RECOGNIZING in particular the importance of the United Nations Conference on Trade and Development resolutions 93 (IV) and 124 (V) and resolution 155 (VI) on the Integrated Programme for Commodities; the Cartagena Commitment and the relevant objectives contained in 'The Spirit of Cartagena` adopted by the United Nations Conference on Trade and Development,

RECOGNIZING the importance of natural rubber to the economies of members, particularly to the exports of exporting members and to supply requirements of importing members,

RECOGNIZING further that the stabilization of natural rubber prices is in the interests of producers, consumers and natural rubber markets, and that an international natural rubber agreement can significantly assist the growth and development of the natural rubber industry to the benefit of both producers and consumers,

HAVE AGREED AS FOLLOWS: