International Dairy Agreement

E538516

The International Dairy Agreement was a multilateral trade pact that regulated and stabilized global dairy markets by setting rules for international trade in dairy products under the GATT and later the WTO framework.

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Predicate Object
instanceOf General Agreement on Tariffs and Trade agreement
World Trade Organization agreement
international commodity agreement
multilateral trade agreement
aimedTo prevent trade distortions in dairy products
promote orderly expansion of world dairy trade
stabilize world dairy markets
becamePartOf WTO Agreement on Agriculture framework
coveredProducts butter
cheese
milk powder
coveredSector dairy sector
created International Dairy Council
enteredIntoForce 1970
established consultation procedures among participants
minimum export prices for certain dairy products
notification requirements for dairy trade measures
rules on export subsidies for dairy products
framework General Agreement on Tariffs and Trade
World Trade Organization
language English
French
Spanish
legalStatus plurilateral trade agreement within the WTO system
negotiationRound Kennedy Round of GATT
objective avoid surpluses and dumping in world dairy markets
ensure fair competition in dairy trade
stabilize international dairy prices
originatedAs International Dairy Arrangement
participantsIncluded European Economic Community
New Zealand
United States
other major dairy exporting and importing countries
providedFor International Dairy Council meetings
regulated international trade in dairy products
trade in butter
trade in certain cheese products
trade in milk powder
subjectOf regulation of international dairy trade
successorFramework WTO Agreement on Agriculture
terminationDecidedBy International Dairy Council
terminationReason declining participation of members
reduced need after broader WTO disciplines on agriculture
wasAdministeredBy GATT
World Trade Organization
wasConcludedUnder GATT
wasIncorporatedInto Uruguay Round Agreements
wasRenegotiated 1977
1980s
wasTerminated 1997

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Referenced by (2)

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WTO agreements include International Dairy Agreement
International Dairy Agreement originatedAs International Dairy Arrangement
linked to: International Dairy Agreement