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| Entry into force: | 19 June 1989, in accordance with article 57 (1) (see "Note."). |
| Registration: | 19 June 1989, No. 26691. |
| Status: | Signatories: 115 ,Parties: 1121. |
| Text: | United Nations, Treaty Series, vol.1538, p. 3. |
Note: The Agreement was adopted on 27 June 1980 by the United Nations Negotiating Conference on a Common Fund under the Integrated Programme for Commodities, which met at Geneva from 5 to 27 June 1980 under the auspices of the United Nations Conference on Trade and Development (UNCTAD). The Agreement was opened for signature at the Headquarters of the United Nations, New York, on 1 October 1980, and will remain open for signature until one year after the date of its entry into force. At a meeting convened on 3 June 1982 in Geneva by the Secretary-General of UNCTAD, under article 57 (1) of the Agreement, the Contracting Parties decided to extend until 30 September 1983 the time-limit for the fulfilment of the requirements for its entry into force.Subsequently, by a later decision taken at a Meeting of those States which had deposited prior to 30 September 1983 an instrument of ratification, approval or acceptance, which was held on 19 June 1989, it was decided further to extend to 19 June 1989 [the date of the decision] the date by which the requirements should be fulfilled.
Further, the Governing Council notifiied the Secretary-General of the following:| Date of receipt of the notification: | Subject: | |
| 11 November | 2002 | Establishment of conditions of accession by Costa Rica. |
| 20 November | 2002 | Establishment of conditions of accession by the Lao People's Democratic Republic. |
| 24 October | 2005 | Establishment of conditions of accession by the East African Community. |
| 26 October | 2007 | Establishment of conditions of accession by the West African Economic and Monetary Union. |
| 26 March | 2007 | Establishment of conditions of accession by the Caribbean Community, the Econnomic Community of West African States, the Andean Community, the Southern African Development Community and for Vanuatu. |
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| Participant2 | Signature | Ratification, Acceptance (A), Approval (AA), Accession (a) |
| Afghanistan | 11 Sep 1981 | 28 Mar 1984 |
| Algeria | 15 Mar 1982 | 31 Mar 1982 |
| Angola | 29 Jun 1983 | 28 Jan 1986 |
| Argentina | 22 Sep 1982 | 1 Jul 1983 |
| Australia1 | [20 May 1981 | 9 Oct 1981] |
| Austria | 8 Jul 1981 | 4 May 1983 |
| Bangladesh | 23 Dec 1980 | 1 Jun 1981 |
| Barbados | 2 Jan 1985 | |
| Belgium3 | 31 Mar 1981 | 6 Jun 1985 |
| Benin | 10 Sep 1981 | 25 Oct 1982 |
| Bhutan | 22 Sep 1983 | 18 Sep 1984 |
| Botswana | 18 Nov 1981 | 22 Apr 1982 |
| Brazil | 16 Apr 1981 | 28 Jun 1984 |
| Bulgaria | 29 Jul 1987 | 24 Sep 1987 AA |
| Burkina Faso | 20 Aug 1981 | 8 Jul 1983 |
| Burundi | 8 Apr 1981 | 1 Jun 1982 |
| Cameroon | 30 Jun 1981 | 1 Feb 1983 |
| Canada1 | [15 Jan 1981 | 27 Sep 1983] |
| Cape Verde | 9 Oct 1981 | 30 Jul 1984 |
| Caribbean Community | 15 May 2007 a | |
| Central African Republic | 28 Jan 1982 | 2 Aug 1983 |
| Chad | 16 Dec 1981 | 6 Jun 1984 |
| China | 5 Nov 1980 | 2 Sep 1981 AA |
| Colombia | 14 Jun 1983 | 8 Apr 1986 |
| Common Market for Eastern and Southern Africa | 3 Feb 1998 a | |
| Comoros | 10 Sep 1981 | 27 Jan 1984 |
| Congo | 22 Oct 1981 | 4 Nov 1987 |
| Costa Rica | 29 Jul 1981 | 21 Nov 2002 a |
| Côte d'Ivoire | 15 Jul 1987 | 29 Oct 1996 a |
| Cuba | 22 Jun 1983 | 21 Jul 1988 |
| Democratic People's Republic of Korea | 29 Jun 1983 | 5 Jun 1987 |
| Democratic Republic of the Congo | 17 Mar 1981 | 27 Oct 1983 |
| Denmark | 27 Oct 1980 | 13 May 1981 |
| Djibouti | 9 Oct 1984 | 25 Nov 1985 |
| Dominican Republic | 15 Jun 1983 | |
| East African Community | 25 Apr 2006 a | |
| Ecuador | 3 Oct 1980 | 4 May 1982 |
| Egypt | 19 Oct 1981 | 11 Jun 1982 |
| El Salvador | 28 Jun 1983 | |
| Equatorial Guinea | 22 Jul 1983 | 22 Jul 1983 |
| Ethiopia | 30 Sep 1981 | 19 Nov 1981 |
| European Community | 21 Oct 1981 | 6 Jul 1990 AA |
| Finland | 27 Oct 1980 | 30 Dec 1981 |
| France | 4 Nov 1980 | 17 Sep 1982 AA |
| Gabon | 10 Sep 1981 | 30 Nov 1981 |
| Gambia | 23 Oct 1981 | 14 Apr 1983 |
| Germany4,5 | 10 Mar 1981 | 15 Aug 1985 |
| Ghana | 1 Dec 1982 | 19 Jan 1983 |
| Greece | 21 Jul 1981 | 10 Aug 1984 |
| Grenada | 28 Jun 1983 | |
| Guatemala | 1 Jun 1983 | 22 Mar 1985 |
| Guinea | 6 Oct 1981 | 9 Dec 1982 |
| Guinea-Bissau | 11 Sep 1981 | 7 Jun 1983 |
| Guyana | 8 Jun 1983 | |
| Haiti | 19 Jan 1981 | 20 Jul 1981 |
| Honduras | 28 Jun 1983 | 26 May 1988 |
| India | 18 Sep 1981 | 22 Dec 1981 A |
| Indonesia | 1 Oct 1980 | 24 Feb 1981 |
| Iraq | 7 Apr 1981 | 10 Sep 1981 |
| Ireland | 24 Feb 1981 | 11 Aug 1982 |
| Italy | 17 Dec 1980 | 20 Nov 1984 |
| Jamaica | 6 Jan 1983 | 7 Jan 1985 |
| Japan | 28 Nov 1980 | 15 Jun 1981 A |
| Kenya | 10 Mar 1982 | 6 Apr 1982 |
| Kuwait | 1 Dec 1981 | 26 Apr 1983 |
| Lao People's Democratic Republic | 17 Dec 2002 a | |
| Lesotho | 7 Sep 1981 | 6 Dec 1983 |
| Liberia | 21 Oct 1981 | |
| Luxembourg | 29 Dec 1980 | 4 Oct 1985 |
| Madagascar | 8 Jun 1983 | 21 Oct 1987 |
| Malawi | 17 Mar 1981 | 15 Dec 1981 |
| Malaysia | 30 Dec 1980 | 22 Sep 1983 |
| Maldives | 19 May 1988 | 11 Jul 1988 |
| Mali | 17 Jun 1981 | 11 Jan 1982 |
| Mauritania | 18 Oct 1988 | 28 Aug 1990 |
| Mexico | 19 Dec 1980 | 11 Feb 1982 |
| Morocco | 22 Jan 1981 | 29 May 1987 |
| Mozambique | 21 Dec 1982 | 30 Sep 1993 a |
| Myanmar | 21 Nov 1996 a | |
| Nepal | 7 Sep 1981 | 3 Apr 1984 |
| Netherlands6 | 1 Oct 1980 | 9 Jun 1983 A |
| New Zealand1,7 | [12 Feb 1982 | 27 Sep 1983] |
| Nicaragua | 7 Sep 1981 | 5 Mar 1984 |
| Niger | 19 Oct 1981 | 19 Oct 1981 AA |
| Nigeria | 20 Jul 1981 | 30 Sep 1983 |
| Norway | 27 Oct 1980 | 15 Jul 1981 |
| Organization of African Unity | 16 Mar 1998 a | |
| Pakistan | 4 May 1982 | 9 Jun 1983 |
| Papua New Guinea | 27 Oct 1981 | 27 Jan 1982 |
| Peru | 25 Sep 1981 | 29 Jul 1987 |
| Philippines | 24 Feb 1981 | 13 May 1981 |
| Portugal | 30 Jan 1981 | 3 Jul 1989 |
| Republic of Korea | 27 Nov 1981 | 30 Mar 1982 |
| Russian Federation | 14 Jul 1987 | 8 Dec 1987 AA |
| Rwanda | 6 Oct 1981 | 23 Mar 1983 |
| Saint Lucia | 20 Dec 1984 | |
| Samoa | 2 Apr 1982 | 6 Mar 1984 |
| Sao Tome and Principe | 20 Jun 1983 | 6 Dec 1983 |
| Saudi Arabia | 11 Jan 1983 | 16 Mar 1983 |
| Senegal | 11 Nov 1981 | 20 Jun 1983 |
| Sierra Leone | 24 Sep 1981 | 7 Oct 1982 |
| Singapore | 17 Dec 1982 | 16 Dec 1983 |
| Somalia | 27 Oct 1981 | 27 Aug 1984 |
| Spain | 27 May 1981 | 5 Jan 1984 |
| Sri Lanka | 21 Jan 1981 | 4 Sep 1981 |
| Sudan | 13 May 1981 | 30 Sep 1983 |
| Suriname | 20 Jun 1983 | |
| Swaziland | 18 Nov 1987 | 29 Jun 1988 |
| Sweden | 27 Oct 1980 | 6 Jul 1981 |
| Switzerland | 30 Mar 1981 | 27 Aug 1982 |
| Syrian Arab Republic | 26 Mar 1982 | 8 Sep 1983 |
| Thailand | 8 Jun 1983 | 6 Aug 1992 a |
| Togo | 29 Jun 1983 | 10 Apr 1984 |
| Trinidad and Tobago | 22 Jan 1998 a | |
| Tunisia | 2 Mar 1982 | 15 Dec 1982 |
| Turkey1 | [ 7 Sep 1981 | 29 Aug 1990] |
| Uganda | 19 Mar 1982 | 19 Mar 1982 |
| United Arab Emirates | 8 Jun 1982 | 26 Apr 1983 |
| United Kingdom of Great Britain and Northern Ireland | 16 Dec 1980 | 31 Dec 1981 |
| United Republic of Tanzania | 7 Sep 1981 | 11 Jun 1982 |
| United States of America | 5 Nov 1980 | |
| Uruguay | 13 Feb 1986 | |
| Venezuela (Bolivarian Republic of) | 5 Dec 1980 | 31 Mar 1982 |
| Yemen8 | 16 Dec 1981 | 8 Jan 1986 |
| Zambia | 3 Feb 1981 | 16 Mar 1983 |
| Zimbabwe | 8 Jun 1983 | 28 Sep 1983 |
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Reservation made upon signature and maintained upon ratification:
The Argentine Republic, exercising its prerogative under article 58 of the Agreement, enters a reservation regarding article 53 of that Agreement as it cannot accept compulsory arbitration as the only means of settling disputes of the kind referred to in this article, and as it believes that the parties to such disputes must be free to determine by mutual agreement the means of settlement best suited to each particular case.
In accordance with article 11, paragraph 3, of the Agreement, the payment of the Paid-in Shares subscribed by Belgium (2,640,699 Units of Account) will be effected in three instalments in accordance with the specified procedure, the first of which will take place within 60 days after the entry into force of the Agreement.
With regard to the amount subscribed by Belgium for Payable Shares (915,543 Units of Account), it shall be subject to call by the Fund, in accordance with article 11, paragraph 4, only as provided in article 17, paragraph 12.
Upon signature:
[Same declaration identical in substance,mutatis mutandis, as that made by the Union of Soviet Socialist Republics.]
Reservation:
The Government of the Republic of Cuba declares, in con- formity with article 58 of the Agreement, that it does not consider itself bound by the arbitration procedures for the settlement of disputes established in article 53.
"The Government of Japan shall contribute to the initial resources of the Second Account of the Common Fund an amount in Japanese yen that is equivalent to twenty-seven million United States dollars (U.S.$27 million) in accordance with article 13 of the Agreement."
"The Government of Japan opts for payment of the above contribution in three equal annual instalments, with the first one to be made in cash or in notes within one year after the entry into force of the Agreement. The notes are understood to be irrevocable, non-negotiable, non-interest bearing promissory notes, issued in lieu of a cash payment and payable to the Fund at par value upon demand. It is also understood that the notes are to be treated in the same manner as notes of the same kind from other contributors."
Declaration made upon signature and confirmed upon approval:
In view of its well known position, the Union of Soviet Socialist Republics cannot recognize the legality of the names "Republic of Korea" and "Democratic Kampuchea" contained in the schedules to the Agreement establishing the Common Fund for Commodities.
"The Government of the Republic of Singapore declares that it is not in agreement with the manner in which the share of individual countries to the Directly Contributed Capital was determined. Nevertheless, the Government of the Republic of Singapore will make contributions as presently indicated in schedule A of the Agreement. This should not however prejudice in any way Singapore's position on its share of any contributions to be made under other agreements."
Declaration:
Our accession to and ratification of the Agreement shall not in any way imply recognition of Israel and shall not, conse-quently, lead to involvement with it in any transactions as are regulated by the provisions of the Agreement.
Reservation:
The Syrian Arab Republic enters a reservation in respect of article 53 of the Agreement, with regard to the binding nature of arbitration.
Upon signature, maintained upon ratification:
With reservation as to article 53.
14 November 1983
"The Government of the State of Israel has noted that the instrument deposited by the Syrian Arab Republic contains a declaration of a political character in respect of the State of Israel. In the view of the Government of the State of Israel this Agreement is not the place for making such political pronouncements. Moreover, the said declaration cannot in any way affect whatever obligations are binding upon the Government of the Syrian Arab Republic under general international law or under specific conventions.
The Government of the State of Israel will, in regard to the substance of the matter, adopt towards the Government of the Syrian Arab Republic an attitude of complete reciprocity."
| Participant | Procedure selected [formula (a) or (b)] under article 11 (1) | Currency selected (by States having chosen procedure of payment (b)) | Amended option10 (currency selection indicates option (b)) |
| Argentina | (b) | French francs | |
| Australia1 | [(a)] | [French franc] | |
| Austria11 | (b) | Deutsche mark | French franc |
| Bangladesh | (b) | US dollar | French franc |
| Belgium | (b) | French franc | |
| Canada1 | [(b)] | [French franc] | |
| Central African Republic | (b) | French franc | |
| Democratic People's Republic of Korea | (a) | French franc | |
| Denmark | (b) | French franc | |
| Finland | (b) | French franc | |
| Germany4 ,5 , 12 | (b) | [Deutsche mark] | |
| Ghana | (b) | French franc | |
| Greece | (b) | French franc | |
| India | (a) | French franc | |
| Ireland | (b) | French franc | |
| Italy | (b) | French franc | |
| Jamaica | (a) | French franc | |
| Japan | (a) | ||
| Lao People's Democratic Republic | (b) | French franc13 | |
| Malawi | (b) | US dollar | |
| Malaysia | (b) | US dollar | French franc |
| Mauritania | (b) | French franc | |
| Morocco | (b) | French franc | |
| Mozambique | French franc | ||
| New Zealand1 | [(b)] | [French franc] | |
| Niger | (b) | US dollar | |
| Norway | (a) | French franc | |
| Pakistan | (b) | US dollar | (a) |
| Papua New Guinea | (b) | US dollar | |
| Peru | (b) | French franc | |
| Republic of Korea | (a) | French franc | |
| Singapore | (b) | Pound sterling | French franc |
| Spain | (b) | French franc | |
| Sri Lanka | (a) | French franc | |
| Swaziland | (b) | French franc | |
| Sweden | (a) | French franc | |
| Switzerland | (a) | French franc | |
| Tunisia | (b) | French franc | |
| Turkey1 | [(a)] | [French franc] | |
| Trinidad and Tobago | US dollar | ||
| United Kingdom of Great Britain and Northern Ireland | (b) | Pound sterling | |
| United Republic of Tanzania | (b) | US dollar | |
| Venezuela (Bolivarian Republic of) | (a) | French franc |
|
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1. The Secretary-General was informed by the Common Fund for Commodities that, pursuant to article 30 of the Agreement, the following Governments had notified the Common Fund, by a letter on the following dates, their decision to withdraw from the Common Fund. The withdrawal became effective on the dates specified by the Governments, which were not less than twelve months after the receipt of their notice by the Fund, as indicated hereinafter:
| Participant: | Date of the notification: | Effective date: |
| Australia | 15 Aug 1991 | 20 Aug 1992 |
| Canada | 8 Jun 1992 | 9 Jun 1993 |
| New Zealand | 15 Feb 1993 | 17 Feb 1994 |
| Turkey | 29 Jul 1994 | 1 Aug 1995 |
2. The former Yugoslavia had signed and ratified the Agreement on 7 January 1982 and 14 February 1983, respectively. See also note 1 under "Bosnia and Herzegovina", "Croatia", "former Yugoslavia", "Slovenia", "The Former Yugoslav Republic of Macedonia" and "Yugoslavia" in the "Historical Information" section in the front matter of this volume.
3. The payment of the voluntary contribution will be made after the entry into force of the Common Fund, the terms of which are specified in article 57 of the Agreement.
4. See note 2 under "Germany" in the "Historical Information" section in the front matter of this volume.
5. See note 1 under "Germany" regarding Berlin (West) in the "Historical Information" section in the front matter of this volume.
6. For the Kingdom in Europe and the Netherlands Antilles. See also note 1 under "Netherlands" regarding Aruba/Netherlands Antilles in the "Historical Information" section in the front matter of this volume.
7. The Agreement shall also apply to the Cook Islands and Niue. See also note 1 .
8. The Yemen Arab Republic had signed and ratified the Agreement on 7 September 1981 and 14 January 1986, respectively. See also note 1 under "Yemen" in the "Historical Information" section in the front matter of this volume.
9. At its 9th session held on 20 July 1989, the Governing Council decided that any Member State which had not yet made known its selection of one of the payment procedures provided for in article 11, paragraph 1 (see table), was to notify in writing the Secretary-General of UNCTAD of its selection not later than 18 August 1989, and that any Member State which had not notified its selection by 18 August 1989 would be deemed to have selected the procedure provided for under article 11, paragraph 1 (a).
At its 10th session, held on 21 July 1989, the Governing Council decided that the rates of conversion deemed to apply at the date of payment shall be the rate of the Unit of Account as defined in Schedule F of the Agreement and as determined by the International Monetary Fund, on the thirtieth business day before the actual date of payment.
10. Prior to the entry into force of the Agreement, a number of States had notified a change in the option which they had exercised under article 11 (1) (see depositary notification of 17 July 1989). See also note 9 .
11. In notification received on 10 August 1983, the Government of Austria indicated that, in accordance with article 11 (1) (b), Austria's contribution to the Common Fund for Commodities will be paid in German marks until such time as payment in Austrian shillings becomes possible.
12. On 8 June 1989, the Government of the Federal Republic of Germany informed the Secretary-General that it had decided to withdraw its notification under article 11 (1).