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TeachMeFinance.com - explain International commodity agreement International commodity agreement The term 'International commodity agreement ' as it applies to the area of agriculture can be defined as ' An undertaking by a group of countries to stabilize trade, supplies, and prices of a commodity for the benefit of participating countries. An agreement usually involves a consensus on quantities traded, prices, and stock management. For example, the United States was a party to the International Natural Rubber Agreement'. Previous 5 Terms: Internal erosion Internal Revenue Service-Social Security Administration-Health Care Financing Administration Data Match Internal vibration International Atomic Energy Agency (IAEA) International Classification Of Diseases Next 5 Terms: International Date Line International Emergency Economic Powers Act (IEEPA) International Geosphere-Biosphere Programme (IGBP) International Grains Agreement (IGA) International Grains Council (IGC) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.