Ottawa Agreements

The Ottawa Agreements, signed in 1932, established the International Sugar Agreement aiming to stabilize world sugar prices and supply. Recognizing the importance of fair trade and market stability, these agreements facilitated cooperation among sugar-producing countries, helping to prevent drastic price fluctuations that could harm economies. By creating a framework for negotiation and regulation, the Ottawa Agreements promoted more predictable and sustainable trade in sugar, benefiting producers, consumers, and international markets alike.