The Committee on Foreign Affairs recommends that the Parliament adopts the Bill on Accedence to the Grains Trade Convention as a Basis

05 July 2010, 17:19

The bill suggests ratification of the Grains Trade Convention, 1995, that was concluded on 7 December 1994 in London.

 

The objective of the agreement is to further international co-operation in all aspects of trade in grains, especially insofar as these affect the food grain situation and to contribute to world food security and to improve the ability of the international community to respond to emergency food situations and other food needs of developing countries.

 

The main targets of the Convention are: 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; 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 to provide a forum for exchange of information and discussion of members´ concerns regarding trade in grains.

 

The Committee members emphasised that the ratification of the Convention would facilitate the increase of the effectiveness of Ukrainian participation grain trade and strengthening of the development of the national grain sphere.

 

A relevant bill is registered under Reg. No0166.