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Viche 2013 №22

№22, 2013

Regulation of raw material commodity trading before the first international commodity agreements are concluded

The first international commodity agreements began to be concluded only in the 30th of the last century, before that time the regulation of raw material commodity trading was carried out with the help of supervisory mechanisms introduced by the associations of cartel type. Consequently, the methods of stabilizing the world market of raw material commodities developed as a result of activity of cartels were taken as a basis to the commodity agreements which and until now remain one of basic instruments of regulation of global raw material turnover.

Marta KELESTYN