Business / Agriculture / International Grains Agreement (IGA): Replaced the International Wheat Agreement in 1995. The IGA comprises a Grains Trade Convention (GTC) and a Food Aid Convention (FAC). The IGA is administered by the International Grains Council (IGC), an intergovernmental forum for cooperation on wheat and coarse grain matters. The Grains Trade Convention provides for information-sharing, analysis and consultations on grain market and policy developments. Under the Food Aid Convention, donor countries pledge to provide annually specified amounts of food aid to developing countries in the form of grain suitable for human consumption, or cash to buy suitable grains in recipient countries. The International Grains Agreement does not contain any mechanisms for stabilizing supplies, prices, or trade.
Agreement Noun Synonyms: understanding, covenant, treaty, pact, accord, compact, settlement, concordat, contract, bargain, deal
International Adjective Synonyms: supranational, global, worldwide, universal, intercontinental, cosmopolitan, ecumenic(al) or oecumenic(al), foreign
Business / Agriculture / International Grains Council (IGC): An intergovernmental forum responsible for administering the International Grains Agreement (IGA). MORE
Business / Agriculture / Memorandum Of Agreement (MOA): An agreement between federal agencies, or divisions/units within an agency or department, or between federal and state agencies, which delineate tasks, jurisdiction, standard operating procedures or o MORE