International Grains Agreement
International Grains Agreement: IGA. The successor to the International Wheat Agreement. It entered into force on 1 July 1995 for three years, with provision for renewal every two years. The IGA consists of two instruments: the Grains Trade Convention and the Food Aid Convention. The former aims to promote international cooperation in the wheat and coarse grains trade, mainly through improving market transparency. The latter provides annually specified minimum amounts of food aid to developing countries in the form of grains suitable for human consumption, much of it through the World Food Programme. The IGA is administered by the International Grains Council located in London. See also Food and Agricultural Organization and food security.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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