ACT 214 OF 1995
Official Gazette No. 42064 of October 26, 1995
Through which the "International Sugar Agreement, 1992" is approved, signed in Geneva on 20 March 1992. Summary
THE CONGRESS OF COLOMBIA
having regard to the text of the International "International Sugar Agreement, 1992
" signed in Geneva on 20 March 1992.
Sugar Agreement, 1992 UN
1992 CHAPTER I.
OBJECTIVES ARTICLE 1o. OBJECTIVES. The objectives of the International Sugar Agreement, 1992 (hereinafter referred to as this Agreement), given the terms of Resolution 93 (IV) adopted by the United Nations Conference on Trade and Development, are:
a) Getting greater international cooperation in world sugar matters and issues related to them;
B) Provide a forum for intergovernmental consultations on sugar and ways to improve the world sugar economy;
C) Facilitate the sugar trade by collecting and publishing information on the world sugar market and other sweeteners;
D) To encourage increased demand for sugar, particularly for non-traditional uses.
CHAPTER II. DEFINITIONS
. DEFINITIONS. For the purposes of this Agreement:
1. "Organization" means the International Sugar Organization that refers to article 3.
2. "Council" means the International Sugar Council in paragraph 3 of Article 3 refers to.
3. "Member" means a party to this Convention.
4. "Special vote" means a vote requiring at least two thirds of the votes cast by the Members present and voting provided that these votes are cast by at least two thirds of the number of Members present and voting.
5. By "simple majority" means a vote requiring more than half of the total votes of the Members present and voting provided that these votes are cast by at least half the number of Members present and voting.
6. "Year" means the calendar year.
7. By "sugar" means sugar in any of its recognized commercial forms derived from sugar cane or sugar beet, including edible and fancy molasses, syrups and any other form of liquid sugar, but the term does not include final molasses or classes of non-centrifugal sugar produced by primitive low quality methods.
8. "Entry into force" means the date on which this Agreement enters into force provisionally or definitively, as provided in Article 40.
9. By "free market" means the total of net imports of the world market, except those resulting from the operation of special arrangements as defined in Chapter IX of the International Sugar Agreement, 1977.
10. By "world market" it means the international sugar market and includes both sugar traded on the free market and sugar traded under special arrangements as defined in Chapter IX of the International Sugar Agreement, 1977.
THE International Sugar Organization
ARTICLE 3. CONTINUATION, HEADQUARTERS AND STRUCTURE OF THE INTERNATIONAL SUGAR ORGANIZATION.
1. The International Sugar Organization established under the International Sugar Agreement; 1968, and maintained in existence under the International Sugar agreements, 1973, 1977, 1984 and 1987 continue its existence in order to implement this Agreement and supervising its implementation, composition, powers and functions set out therein .
2. The organization will be based in London unless the Council decides otherwise by special vote.
3. The Organization shall function through the International Sugar Council, its Administrative Committee and its Executive Director and its staff.
ARTICLE 4. MEMBERS OF THE ORGANIZATION. Each of the parties to this Agreement shall be a Member of the Organization.
The 5th ITEM. Participation of intergovernmental organizations. Any reference made in this Agreement to a "Government" or "Governments" shall be construed as including the European Economic Community and any other intergovernmental organization having responsibilities in respect of the negotiation, conclusion and application international agreements, in particular commodity agreements. Accordingly, any reference in this Agreement to signature, ratification, acceptance or approval, or to notification of provisional application, or to accession shall, in the case of such intergovernmental organizations, in the sense that it includes a reference to signature, ratification, acceptance or approval, or to notification of provisional application, or to accession by such intergovernmental organizations.
ARTICLE 6o. Privileges and Immunities.
1. The Organization shall have international legal personality.
2. The Organization shall have the capacity to contract, to acquire and dispose of movable and immovable property and to institute legal proceedings.
3. The status, privileges and immunities of the Organization in the territory of the United Kingdom continue to be governed by the Headquarters Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the International Sugar Organization signed at London on 29 May 1969, with such modifications as may be necessary for the proper functioning of this Agreement.
4. If the headquarters of the Organization is moved to a country that is a member of the Organization, that Member shall hold with it as soon as possible, an agreement to be approved by the Council on the status, privileges and immunities of the organization, its Executive director, its staff and experts and representatives of Members while in that country to perform their duties.
5. Unless other tax provisions in the agreement that paragraph 4 of this article and until conclusion of that agreement refers to the new host Member:
a) grant exemption from taxation on remuneration paid by the Organization to its employees, except that such exemption need not apply to its own nationals, and
b) grant exemption from taxation on the assets, income and other property of the Organization.
6. If the headquarters of the Organization is to move to a country that is not a Member of this, the Council shall request the Government of that country before that move, obtain a written assurance that:
a) as soon as practicable with the organization an agreement as provided in paragraph 4 of this article, and
b) that, pending the conclusion of that agreement, the exemptions provided in paragraph 5 of this article.
7. The Council shall endeavor to conclude the agreement described in paragraph 4 of this article with the Government of the country to which to move the headquarters of the Organization before the transfer is made.
INTERNATIONAL SUGAR COUNCIL
ARTICLE 7. COMPOSITION OF THE INTERNATIONAL SUGAR COUNCIL.
1. The highest authority of the Organization shall be the International Sugar Council, which shall consist of all the Members of the Organization.
2. Each member shall have one representative in the Council and, if desired, one or more alternates. In addition, each Member may appoint one or more advisers to its representative or alternates.
Article 8. POWERS AND DUTIES OF THE BOARD.
1. The Council shall exercise all powers and perform or arrange for the performance of all such functions as are necessary to comply with the provisions of this Convention and to proceed with the liquidation of Financing Fund stock established under Article 49 of the Convention International Sugar 1977, as delegated by the Council under that Agreement to the Council established under the International Sugar Agreement, 1984 International Sugar Agreement, 1987 pursuant to paragraph 1 of Article 8 with. latter.
2. The Council, by special vote, adopt rules and regulations necessary to implement this Agreement and are compatible with its provisions, including the regulations of the Board and its committees, and the financial regulations of the Organization and regulations this staff. The Council may, in its rules, a procedure to decide certain issues without meeting.
3. The Council shall keep records necessary to perform its functions under this Agreement and any other records it deems appropriate.
4. The Council shall publish an annual report and any other information deemed appropriate.
Article 9. PRESIDENT AND VICE PRESIDENT OF THE COUNCIL.
1. For each year, the Council shall elect from among the delegations a Chairman and a Vice President, who may be reelected and that will not be paid by the Organization.
2. In the absence of the President, the duties of the post functions shall be performed by the Vice President. In the event of the temporary absence of the Chairman and Vice-Chairman or the permanent absence of one or both, the Council may elect from among the members of the delegations a new President and a new Vice temporary or permanent depending the case.
3. Neither the President nor any other member of the officer presiding at meetings of the Council shall vote. They may, however, appoint another person to exercise the voting rights of the Member which they represent.
ARTICLE 10. COUNCIL MEETINGS.
1. As a general rule, the Council shall hold one regular meeting each year.
2. The Council special session whenever it so decides or request:
a) five Members;
B) Two or more Members under Article 11 have collectively 250 votes or more as determined under Article 25 or
c) The Administrative Committee.
3. Notice of sessions shall be given to Members at least 30 calendar days in advance, except in emergencies, in which notice shall be given at least 10 calendar days in advance.
4. Meetings will be held at the headquarters of the Organization unless the Council decides otherwise by special vote. If a Member invites the Council to meet elsewhere than at the headquarters of the Organization, and the Council agrees, that Member shall pay the additional costs involved.
ARTICLE 11 VOTES.
1. For the purpose of voting under this Agreement, Members shall hold a total of 2,000 votes distributed as determined under Article 25.
2. When the voting rights of a Member under paragraph 2 of Article 26 of this Agreement, their votes shall be distributed among the other Members according to portions corresponding to them as determined under Article 25 is suspended with the same procedure shall be followed when the right to vote of the Member concerned, which will be included in the distribution is restored.
ARTICLE 12. VOTING PROCEDURE OF THE COUNCIL.
1. Each Member shall be entitled to cast the number of votes it holds under Article 11 distributed as determined in Article 25 are not entitled to divide such votes.
2. Whenever you report it in writing to the President, any Member may authorize any other Member to represent its interests and to cast its votes at any meeting or meetings of the Council. The Credentials Committee that may be set in accordance with regulations of the Council will consider a copy of such authorizations.
3. Authorized by another Member to cast the votes Member having the latter under Article 11 distributed as determined under Article 25 shall cast such votes as authorized and in accordance with paragraph 2 of this article.
ARTICLE 13. DECISIONS OF THE COUNCIL.
1. The Council shall take all decisions and recommendations by consensus principle. If there is no consensus, decisions and recommendations adopted by simple majority, unless this Agreement provides for a special vote.
2. In the counting of votes necessary for any decision of the Council, abstentions shall not be counted as votes and Members to refrain not be considered as "voting" for the purposes of definitions 4 or 5, as applicable, the the 2nd article. When a Member avails itself of the provisions of Article 12 and its votes are cast at a meeting of the Council shall be considered as present and voting member for the purposes of paragraph 1o. of this article.
3. All decisions of the Council under this Agreement shall be binding upon Members.
ARTICLE 14. COOPERATION WITH OTHER ORGANIZATIONS.
1. The Council shall take all appropriate for consultation or cooperation with the United Nations and its organs, in particular the United Nations Conference on Trade and Development and the United Nations Food and Agriculture and other specialized agencies of the United Nations and intergovernmental organizations, as appropriate.
2. The Council, bearing in mind the particular role of the United Nations Conference on Trade and Development in international commodity trade, will keep, if any, to the United Nations Conference on Trade and Development of its activities and programs of work.
3. The Council may also take all appropriate for maintaining effective contact with international organizations of producers, traders and manufacturers of sugar provisions.
ARTICLE 15. RELATIONS WITH THE COMMON FUND FOR COMMODITIES.
1. The Organization shall take full advantage of the facilities of the Common Fund for Commodities.
2. With regard to the implementation of any project made under paragraph 1 of this Article, the Organization shall not act as executing agency, nor incur any financial obligation for guarantees given by individual Members or other entities. It can not be imputed to any Member, by a Member of the Organization, no liability for loans or borrowings by other Member or entity in connection with such projects.
ARTICLE 16. ADMISSION OF OBSERVERS.
1. The Council may invite any non-member State to attend any of its meetings as an observer.
2. The Council may also invite any of the organizations referred to in paragraph 1 of article 14 to attend any of its meetings as an observer.
QUÚRUM FOR COUNCIL MEETINGS.
Quorum for any meeting of the Council the presence of more than two thirds of all Members, provided that the Members thus present holding at least two thirds of the total votes of all Members under Article 11 as It is determined in Article 25. If there is no quorum on the day appointed for the opening of a meeting of the Council or, if no quorum at three successive sessions during any meeting of the Council, the Council convened seven days later; thereafter, and for the rest of that meeting, the quorum shall be constituted by the presence of more than half of all Members, provided that the Members thus present representing more than half of the total votes of all Members indicated Article 11 as determined under Article 25. Members represented
paragraph 2 of Article 12. CHAPTER V.
the Administrative Committee shall be considered present as
ARTICLE 18. COMPOSITION OF THE ADMINISTRATIVE COMMITTEE.
1. The Administrative Committee shall consist of 18 members. Ten shall, in principle, the ten Members which are the biggest financial contributors in each year, eight will be elected from the remaining Membership of the Council.
2. If one or more of the ten largest financial contributing Members in each year does not wish to be automatically appointed to the Administrative Committee, their posts will be filled by designating the next or the following financial older members taxpayers who are willing to serve on the Committee.
Once this procedure designated by the ten members of the Administrative Committee, the other eight members of the Committee shall be elected from the remaining Membership of the Council.
3. The election of the eight additional members will be held every year on the basis of the votes referred to in Article 11 as determined under Article 25. The appointed members under paragraph 1st or paragraph 2 of this article to join the Administrative Committee shall not be entitled to vote in that election.
4. No Member shall be part of the Administrative Committee unless it has paid its full contribution in accordance with Article 26.
5. Each member of the Administrative Committee shall appoint one representative and may appoint in addition one or more alternates and advisers. In addition, all members of the Council shall be entitled to participate in the meetings as observers and may be invited to speak.
6. The Administrative Committee shall elect each year a Chairman and a Vice President. The President is not entitled to vote and may be re-elected. In the absence of the President, the Vice President shall assume the duties of office.
7. The Administrative Committee shall normally meet three times a year.
8. The Administrative Committee shall meet at the headquarters of the Organization unless it decides otherwise. If a Member invites the Administrative Committee to meet elsewhere than at the headquarters of the organization, and the Administrative Committee agrees, that Member shall pay the additional costs involved.
ARTICLE 19. ELECTION OF THE ADMINISTRATIVE COMMITTEE.
1. Members selected from among the Members which are the biggest financial contributors in each year under the procedure laid down in paragraph 1st or paragraph 2 of Article 18 shall be appointed to the Administrative Committee.
2. The other eight members of the Administrative Committee shall be elected in the Council. Each member entitled to vote in accordance with the provisions of paragraphs 1, 2 and 3 of Article 18 shall cast for a single candidate all the votes to which he is entitled under Article 11 and distributed as determined under Article 25. a Member may cast for another candidate any votes that corresponds to cast under paragraph 2 of Article 12. they shall be elected the eight candidates receiving the most votes.
3. If the exercise of the right to vote of a member of the Administrative Committee under any of the relevant provisions of this Convention, each Member which has voted for it or there Were assigned its votes under this Article may be suspended during the time the suspension is in force, assign its votes to any other member of the Committee.
4. If a Member appointed to the Committee pursuant to paragraph 1o. or paragraph 2 of Article 18 ceases to be a Member of the Organization shall be replaced by the next largest financial contributing Member willing to serve on the Committee and, if necessary, hold an election to choose an additional member selected from Committee. If an elected member of the Committee ceases to be a Member of the Organization, an election be held to replace that Member on the Committee. Any Member who has voted by the member ceased to be a member of the Organization, or it assigned its votes, and not vote for the Member elected to fill the vacancy on the Committee, may assign its votes to another member of the Committee.
5. In special circumstances, and after consultation with the member of the Administrative Committee for which voted or to which it assigned its votes in accordance with the provisions of this Article, any Member may withdraw its votes from that member for the remainder of the year. You can then assign these votes to another member of the Administrative Committee but may not withdraw these votes from that other member for the remainder of that year. The member of the Administrative Committee who have withdrawn the votes retain its seat on the Administrative Committee for the remainder of that year. Any action taken pursuant to the provisions of this paragraph shall become effective after being communicated in writing to the Chairman of the Administrative Committee.
ARTICLE 20. DELEGATION OF POWERS OF THE COUNCIL ON THE ADMINISTRATIVE COMMITTEE.
1. The Council, by special vote, delegate to the Administrative Committee the exercise of some or all of its powers, except the following:
a) The location of the headquarters of the Organization under paragraph 2 of Article 3. ;
B) The appointment of the Executive Director and any senior official under Article 23;
C) approval of the administrative budget and assessment of contributions under Article 25;
D) Any request to the Secretary-General of the United Nations Conference on Trade and Development to convene a negotiating conference under paragraph 2 of Article 35;
E) recommendation of an amendment under Article 44;
F) Extension or termination of this Agreement under Article 45.
2. The Council may at any time revoke the delegation of any power to the Administrative Committee.
ARTICLE 21. VOTING PROCEDURE AND DECISIONS OF THE ADMINISTRATIVE COMMITTEE.
1. Each member of the Administrative Committee shall be entitled to cast the number of votes received by it under Article 19 and can not divide.
2. Any decision by the Administrative Committee shall require the same majority as that decision would require if taken by the Council and shall be communicated to the latter.
3. Each Member shall be entitled to appeal to the Council, under the conditions laid down in its rules of procedure, against any decision of the Administrative Committee.
ARTICLE 22. QUORUM FOR MEETINGS OF THE ADMINISTRATIVE COMMITTEE. A quorum for any meeting of the Administrative Committee the presence of more than half of all members of the Committee, provided that the members present representing at least two thirds of the total votes of all members of the committee.
THE EXECUTIVE DIRECTOR AND STAFF
ARTICLE 23. THE EXECUTIVE DIRECTOR AND STAFF.
1. The Council by special vote appoint the Executive Director. The Council shall determine the conditions of employment of the Executive Director.
2. The Executive Director shall be the chief administrative officer of the Organization and shall be responsible for the execution of all duties devolving upon him in the implementation of this Convention.
3. The Council, after consultation with the Executive Director by special vote appoint any senior officials, under the conditions determined.
4. The Executive Director shall appoint other staff in accordance with regulations and decisions of the Council.
5. The Council, in accordance with the provisions of article 8., Adopt rules and regulations establishing the basic conditions of employment and the rights, duties and obligations of all officials of the Secretariat shall be governed.
6. Neither the Executive Director nor any member of the staff shall have any financial interest in the industry or sugar trade.
7. In carrying out the duties devolving upon them under this Agreement, neither the Executive Director nor any member of the staff shall seek or receive instructions from any Member or from any authority external to the Organization. They shall refrain from any action incompatible with their status as responsible only to the Organization international officials. Each Member shall respect the exclusively international character of the responsibilities of the Executive Director and staff and shall not seek to influence them in the discharge of their responsibilities.
ARTICLE 24 EXPENSES
1. The expenses of delegations to the Council, the Administrative Committee or any committee of the Council or of the Administrative Committee shall be met by the members concerned.
2. The expenses necessary for the implementation of this agreement will be met by annual contributions from members assessed in accordance with Article 25. However, if a Member requests special services, the Council may require the payment of such services.
3. adequate accounting for the implementation of this Convention will be.
ITEM 25. ADOPTION OF THE ADMINISTRATIVE BUDGET AND CONTRIBUTIONS OF MEMBERS.
1. For the purposes of this article, members will have 2,000 votes.
2. a) Each member shall have the number of votes specified in the annex, adjusted as provided in paragraph d) of this section;
B) No member shall have fewer than 6 votes;
C) There shall be no fractional votes. They may round off the amounts in the calculation process for all votes is allocated;
D) Votes in the annex which are not assigned at the time of entry into force of this Agreement shall be apportioned among the various members, except those assigned six votes in the annex. The unallocated votes shall be distributed in the proportion that the number of votes in the annex and the total votes of all members with more than 6 votes.
3. The votes will be reviewed each year under the following procedure:
a) Each year, including the year of entry into force of this Convention, when the Sugar Yearbook of the International Sugar Organization is published, the compound tonnage is calculated of each member, comprising:
35% of total exports of that member to the free market plus 15% of total exports of that member resulting from special arrangements plus 35% of imports of that member in the free market plus 15% of total imports of that Member under special agreements.
The data used to calculate the composite tonnage basis of each Member shall be, for each of the above categories, the average of that category for the highest three years of the last 4 published in the latest edition of the Yearbook Sugar years International Sugar Organization. The share of total tonnage composed of all members for each member shall be calculated by the Executive Director. All these data will be provided to members when calculations are made;
B) For the second year after the entry into force of this Convention and subsequent years, the votes of each Member shall be adjusted by the change in its share of total tonnage composed of all members on their share of total of those same members last year;
C) No increase apply to members holding 6 votes under the provisions of paragraph b) of this paragraph, unless their share of the total tonnage composed of all members exceed 0.3%.
4. Should one or more members join after the entry into force of this Agreement, their votes shall be determined according to the annex as adjusted in the light of the provisions of paragraphs 2 and 3 of this article. If the member or members adhere not listed in the Annex to this Agreement, the Council will decide the number of votes to be allocated. Upon acceptance by the Member or Members adhere and not listed in the Annex to the number of votes allocated by the Council, will be recalculated the votes of the existing members so that the total of votes remains at 2000.
5. Should one or more members retire, the votes of that Member or Members shall be redistributed among the remaining members in proportion to their share of the total votes of all the other members so that the total votes of all members remains at 2000.
6. Transitional provisions:
a) The following provisions apply only to Members of the International Sugar Agreement, 1987 apply to 31 December 1992 and are limited to the first two calendar years after the entry into force of this Convention (s runs until December 31, 1994);
B) The total number of votes allocated to each Member in 1993 shall not exceed 1.33 multiplied by that Member's votes in 1992 under the International Sugar Agreement, 1987, and 1994 shall not exceed 1.66 multiplied by that Member's votes in 1992 under the International Sugar Agreement, 1987;
C) For the purpose of establishing the contribution per vote, votes not taken up due to the application of paragraph b) of paragraph 6 of this article shall not be redistributed to other Members. Therefore, the contribution per vote will be determined on the basis of the reduced number of overall votes.
7. The provisions of paragraph 2 of Article 26, relating to the suspension of voting rights for breach of obligations, shall not apply to this article.
8. During the second half of each year the Council shall approve the administrative budget of the organization for the next year and determine the amount of the contribution per vote to be paid by Members to meet that budget in the first two years, taking into account the provisions of paragraph 6 of this article.
9. The contribution of each member to the budget is calculated by multiplying the per vote contribution by the number of votes held by it under this article, as follows:
a) For those which are Members at the time of final approval the administrative budget, the number of votes which they then, and
b) for those which become Members after the adoption of the administrative budget, the number of votes to be assigned at the time of your income, adjusted proportion to the rest of the period covered by the budget or budgets. contributions allocated to other Members shall remain unchanged.
10. If this Agreement comes into force more than eight months before the beginning of its first full year, the Council shall at its first meeting an administrative budget for the period up to the commencement of the first full year. Otherwise, the first administrative budget shall cover both the initial period and the first full year.
11. The Council may, by special vote, the measures it deems appropriate to mitigate the effects it can have on contributions of Member limited participation in this Convention at the time of approval of the administrative budget for the first year of the Agreement or any significant reduction in the number of its Members in the future.
ARTICLE 26. PAYMENT OF CONTRIBUTIONS.
1. Members shall pay their contributions to the administrative budget for each year in accordance with their respective constitutional processes. Contributions to the administrative budget for each year shall be payable in freely convertible currencies and shall become due on the first day of that year, the contributions of Members in respect of the year in which they join the Organization shall be due on the date on which they become Members.
2. If a Member has not paid its full contribution to the administrative budget within four months from the date on which its contribution is due in accordance with paragraph 1 of this Article, the Executive Director will be required to make payment as quickly as possible. If, within two months from the date of such request, the Member has still not paid its contribution, its voting rights in the Council and in the Administrative Committee shall be suspended until full payment of the contribution.
3. The Council may, by special vote, that a Member has not paid its contributions for two years shall cease to enjoy the rights of membership and cease to be assessed for budgetary purposes. It shall remain liable to meet its other financial obligations under this Convention. That Member regain its rights payment of the arrears. Payments made by Members that are in arrears of their contributions will be credited first to those arrears, rather than allocating the payment of current contributions.
ARTICLE 27. CHECKING ACCOUNTS AND PUBLICATION.
As soon as possible after the end of each year, will be presented to the Council for approval and publication, the financial statements of the Organization for that year, certified by an independent auditor.
GENERAL COMMITMENTS OF MEMBERS
ARTICLE 28. MEMBERS COMMITMENTS. Members undertake to adopt the measures necessary to comply with its obligations under this Agreement and fully cooperate with one another to achieve the objectives of this Convention.
LABOUR STANDARDS ARTICLE 29. Members shall ensure the maintenance of fair labor standards in their respective sugar industries and, as far as possible, endeavor to improve the standard of living of agricultural and industrial workers in the various branches of sugar production and cane growers sugar and sugar beet.
ARTICLE 30. ENVIRONMENTAL ASPECTS. Members shall take into due consideration the environmental aspects of all phases of sugar production
ARTICLE 31. FINANCIAL LIABILITY OF MEMBERS. The financial liability of each Member to the Organization and other Members is limited to its obligations concerning contributions to the administrative budgets adopted by the Council under this Agreement.
INFORMATION AND STUDIES
ARTICLE 32. INFORMATION AND STUDIES.
1. The Organization shall act as a center for the collection and publication of statistical information and studies on production, prices, exports and imports, consumption and stocks of sugar (including both raw sugar and refined sugar as appropriate) and other sweeteners, and taxes on sugar and other sweeteners in the world.
2. Members undertake to supply within the period prescribed in the regulations all available statistics and all information as such regulations are necessary to enable the Organization to discharge its functions under this Convention. If necessary, the Organization shall use such relevant information that may be obtained from other sources. The Organization does not publish any information that could serve to identify the operations of persons or companies producing, processing or marketing sugar.
ARTICLE 33. EVALUATION OF MARKET, CONSUMPTION AND STATISTICS OF SUGAR.
1. The Council shall establish a Committee of Market Evaluation, Consumption and Statistics Sugar composed of all Members, to be chaired by the Executive Director.
2. The Committee shall keep under continuous review matters relating to the world economy of sugar and other sweeteners and inform Members of the outcome of its deliberations. To this end, it will normally meet twice a year. In its review the Committee shall take into account all relevant information gathered by the Organization in accordance with the provisions of Article 32. 3
. The Committee shall carry out activities in the following areas:
a) preparation of sugar statistics and statistical analysis of production, consumption, stocks, international trade and sugar prices;
B) Analysis of market behavior and factors which affect it, with special reference to participation of developing countries in world trade;
C) Analysis of demand for sugar, including the effects of the use of any form of natural or artificial sugar on world trade and consumption of sugar sucedóneo;
D) Any other matter approved by the Council.
4. Each year the Council will consider a draft forward work program, with estimated resource requirements, prepared by the Executive Director.
CHAPTER X. RESEARCH AND DEVELOPMENT
ARTICLE 34. RESEARCH AND DEVELOPMENT. In order to achieve the objectives set forth in article 1., The Council may assist scientific research and development in the field of sugar economy, as well as the dissemination and practical application of the results of that sphere. To this end, the Council may cooperate with international organizations and research institutions, provided that this does not incur additional financial obligations.
PREPARATIONS FOR A NEW AGREEMENT
ARTICLE 35 PREPARATIONS FOR A NEW AGREEMENT.
1. The Council may study the feasibility of negotiating a new international sugar agreement, including a possible agreement with economic provisions, and report to Members and make such recommendations as it deems appropriate.
2. The Council may, as soon as it deems appropriate, request the Secretary-General of the United Nations Conference on Trade and Development to convene a negotiating conference.
CHAPTER XII. FINAL PROVISIONS
ARTICLE 36. DEPOSITARY. For this article depositary of this Convention appoints the Secretary General of the United Nations.
ARTICLE 37. SIGNATURE. This Agreement shall be open at the Headquarters of the United Nations, since 1. May until December 31, 1992, for signature by any Government invited to the United Nations Conference on Sugar, 1992.
ARTICLE 38. RATIFICATION, ACCEPTANCE AND APPROVAL.
1. This Agreement shall be subject to ratification, acceptance or approval by the signatory governments in accordance with their respective constitutional processes.
2. The instruments of ratification, acceptance or approval shall be deposited with the depositary not later than 31 December 1992. The Council may, however, grant extensions of time to signatory governments which are unable to deposit their instruments by that date.