Establishment of The IWC
Following the Second World War, it was required to renew the wheat supply to the devastated countries, as well as to new and independent states. An international conference on even distribution of wheat worldwide was held in Washington DC from January 26 to March 23, 1949, leading to the conclusion of an agreement on the establishment of IWC. The agreement stated in Article 1 as its objectives:
"to assure supplies of wheat to importing countries and markets for wheat to exporting countries at equitable and stable prices".
During March–April 1949, the agreement was signed by 41 various governments.
The agreement was ratified by the US Senate on June 13 and by the President on June 17, 1949. The Belgian government deposited its instrument of ratification on June 17, 1949. The agreement enteren into effect on July 1, 1949.
On July 6, 1949, the IWC held its first session, and chose London as its permanent headquarters.
Read more about this topic: International Grains Council (international Organization)
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