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Consider the following statements regarding International Sugar Organisation (ISO):
1. It is an inter-governmental body that aims to improve conditions of the world sugar market.
2. 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 Organisation (ISO):1. It is an inter-governmental body that aims to improve conditions of the world sugar market.2. 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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