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Consider the following statements regarding International Sugar Organisation (ISO):
- It is an inter-governmental body that aims to improve conditions of the world sugar market.
- It administers the internationally negotiated 1992 International Sugar Agreement (ISA).
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding International Sugar Organi...
India, the largest consumer and second-largest producer of sugar globally, was recently named the Chair of the International Sugar Organisation (ISO) for the year 2024.
About International Sugar Organisation (ISO):
- ISO is an inter-governmental body completely devoted to improving conditions on the world sugar market.
- Its 87 member states represent 87% of global production, 64% of consumption, 92% of sugar exports, and 34% of sugar imports.
- ISO is based in London.
- The ISO exists to administer the internationally negotiated 1992 International Sugar Agreement (ISA), the objectives of which are:
- to ensure enhanced international cooperation in connection with world sugar matters and related issues.
- to provide a forum for intergovernmental consultations on sugar and on ways to improve the world sugar economy.
- to facilitate trade by collecting and providing information on the world sugar market and other sweeteners.
- to encourage increased demand for sugar, particularly for non-traditional uses.
- To fulfill these objectives, the ISO undertakes many distinct activities, including workshops, seminars, and its long-established and widely-recognized statistical and analytical work.
Hence both statements are correct.
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Consider the following statements regarding International Sugar Organi...
International Sugar Organisation (ISO)
The International Sugar Organisation (ISO) is an inter-governmental body that aims to improve the conditions of the world sugar market. It was established in 1968 and is headquartered in London, United Kingdom. The ISO acts as a platform for member countries to discuss and address issues related to the global sugar industry.
Statement 1: It is an inter-governmental body that aims to improve conditions of the world sugar market.
This statement is correct. The ISO functions as an inter-governmental organization that brings together sugar-producing and consuming countries to promote stability and transparency in the sugar market. It works towards improving market conditions, ensuring fair trade practices, and promoting sustainable development in the sugar industry.
Statement 2: It administers the internationally negotiated 1992 International Sugar Agreement (ISA).
This statement is also correct. The ISO administers the International Sugar Agreement (ISA), which was negotiated in 1992. The ISA is an international treaty that provides a framework for cooperation and consultation among member countries in the sugar sector. It aims to stabilize and balance the global sugar market through various measures such as production quotas, export restrictions, and price stabilization mechanisms.
The ISA also addresses issues related to market access, quality standards, and research and development in the sugar industry. It promotes cooperation among member countries and facilitates the exchange of information and expertise to enhance the efficiency and competitiveness of the sugar market.
Conclusion:
Both statements are correct. The International Sugar Organisation (ISO) is an inter-governmental body that aims to improve the conditions of the world sugar market. It administers the internationally negotiated 1992 International Sugar Agreement (ISA) to promote stability, transparency, and cooperation among member countries in the sugar industry.
The International Sugar Organisation (ISO) is an inter-governmental body that aims to improve the conditions of the world sugar market. It was established in 1968 and is headquartered in London, United Kingdom. The ISO acts as a platform for member countries to discuss and address issues related to the global sugar industry.
Statement 1: It is an inter-governmental body that aims to improve conditions of the world sugar market.
This statement is correct. The ISO functions as an inter-governmental organization that brings together sugar-producing and consuming countries to promote stability and transparency in the sugar market. It works towards improving market conditions, ensuring fair trade practices, and promoting sustainable development in the sugar industry.
Statement 2: It administers the internationally negotiated 1992 International Sugar Agreement (ISA).
This statement is also correct. The ISO administers the International Sugar Agreement (ISA), which was negotiated in 1992. The ISA is an international treaty that provides a framework for cooperation and consultation among member countries in the sugar sector. It aims to stabilize and balance the global sugar market through various measures such as production quotas, export restrictions, and price stabilization mechanisms.
The ISA also addresses issues related to market access, quality standards, and research and development in the sugar industry. It promotes cooperation among member countries and facilitates the exchange of information and expertise to enhance the efficiency and competitiveness of the sugar market.
Conclusion:
Both statements are correct. The International Sugar Organisation (ISO) is an inter-governmental body that aims to improve the conditions of the world sugar market. It administers the internationally negotiated 1992 International Sugar Agreement (ISA) to promote stability, transparency, and cooperation among member countries in the sugar industry.
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Consider the following statements regarding International Sugar Organisation (ISO): It is an inter-governmental body that aims to improve conditions of the world sugar market. It administers the internationally negotiated 1992 International Sugar Agreement (ISA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding International Sugar Organisation (ISO): It is an inter-governmental body that aims to improve conditions of the world sugar market. It administers the internationally negotiated 1992 International Sugar Agreement (ISA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding International Sugar Organisation (ISO): It is an inter-governmental body that aims to improve conditions of the world sugar market. It administers the internationally negotiated 1992 International Sugar Agreement (ISA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding International Sugar Organisation (ISO): It is an inter-governmental body that aims to improve conditions of the world sugar market. It administers the internationally negotiated 1992 International Sugar Agreement (ISA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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