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Summary of Treaty


GENERAL DATA
Official Title Grains Trade Convention 1995
Type of Agreement Multilateral
Usual Title GTC 1995
Place of Signature London
Date of Signature 07/12/1994
Date of Entry Into Force 01/07/1995
Duration Definite
Objective of Agreement

The objectives of the Convention are (a) to further international co-operation in all aspects of trade in grains, especially insofar as these affect the food grain situation; (b) to promote the expansion of international trade in grains, and to secure the freest possible flow of this trade, including the elimination of trade barriers and unfair and discriminatory practices, in the interest of all members, in particular developing members; (c) to contribute to the fullest extent possible to the stability of international grain markets in the interests of all members, to enhance world food security, and to contribute to the development of countries whose economies are heavily dependent on commercial sales of grain; and (d) to provide a forum for exchange of information and discussion of members’ concerns regarding trade in grains.

International organisation established by the treaty International Grains Council
Remarks

The International Grains Agreement 1995 is made up of two Conventions, one on grains trade and one on food aid, with the Food Aid Convention being tied to the existence of the Grains Trade Convention. Both conventions are administered by the International Grains Council (IGC), set up under the Grains Trade Convention. The current Grains Trade Convention (GTC 1995) and Food Aid Convention (FAC 1999) are the latest in a long series of multilateral cooperation instruments, in operation since 1949 for grains trade and since 1967 for food aid matters. Under the Grains Trade Convention, 1995 (GTC), the International Wheat Council (IWC) became the International Grains Council (IGC), giving recognition to the full coverage of coarse grains and their products in its activities. The IGC’s Market Conditions Committee was given a firmer institutional basis to monitor all matters affecting the world grain economy and analyse supply and demand developments and policies. In 2004, its meetings became full-day dialogue forums, including expert presentations on specific topics such as the impact on grain of meat trade and the increasing use of biofuels. In recent years, the IGC Secretariat has expanded its information services to include rice and oilseeds.

At its 45th session (London, 5 June 2017), the International Grains Council decided to extend the Grains Trade Convention (1995) for a period of 2 years until 30 June 2019.

Relation and Association with Other Agreements -Food Aid Convention 1999
OJ Reference L21, 27/01/1996, p. 49
Depositary United Nations
Contracting Parties European Community, Algeria, Argentina, Australia, Canada, Cuba, Côte d'Ivoire, Egypt, India, Iran, Japan, Kazakhstan, Kenya, Norway, Pakistan, Panama, Republic of Korea, South Africa, Switzerland, Tunisia, Turkey, Ukraine, United States of America, Vatican
Authentic Texts English, French, Russian, Spanish
Subject Matters Trade
Clause(s)
Accession Article 27 Convention
Amendment and review Article 32 Convention
Duration (Conditions) Article 33 Convention
Entry into force conditions Article 28 Convention
Provisional application Article 26 Convention
Ratification Conditions Article 25 Convention
Regional and International Organisation (REIO) Article 2 (2) Convention
Management International Grains Concil (Article 9 of the Convention)
Other Links https://www.igc.org.uk/en/aboutus/default.aspx
EU PARTICIPATION
Date of Signature 30/06/1995
Conclusion Date 19/12/1995
Conclusion Decision




COUNCIL DECISION of 19 December 1995 concerning the approval by the European Community of the Grains Trade Convention and the Food Aid Convention, constituting the International Grains Agreement 1995 (96/88/EC)




Date of Entry Into Force 01/07/1995
Competence Exclusive
Legal Basis Treaty EC: Article 133


Last Update :   17/01/2018