Agreement establishing the Common Fund for Commodities

Party

China modified

• Reservations / Declarations: Yes

• added reservation
  17-04-2026
  In accordance with the Basic Law of the Hong Kong Special Administrative Region of the People’s Republic of China and the Basic Law of the Macao Special Administrative Region of the People’s Republic of China, the Government of the People’s Republic of China decides that the above-mentioned Amendments shall apply to the Macao Special Administrative Region of the People’s Republic of China, and unless otherwise notified by the Government of the People’s Republic of China, shall not apply to the Hong Kong Special Administrative Region of the People’s Republic of China.

General information

• Entry into force: 19-06-1989

Kingdom part

Netherlands (in Europe)

• Entry into force: 19-06-1989

Netherlands (Bonaire)

• Entry into force: 10-10-2010

Netherlands (Sint Eustatius)

• Entry into force: 10-10-2010

Netherlands (Saba)

• Entry into force: 10-10-2010

Aruba

• Entry into force: 19-06-1989

Curaçao

• Entry into force: 10-10-2010

Sint Maarten

• Entry into force: 10-10-2010

Party

Afghanistan

• Signature: 11-09-1981
• Ratification: 28-03-1984 (R)
• Entry into force: 19-06-1989

Algeria

• Signature: 15-03-1982
• Ratification: 31-03-1982 (R)
• Entry into force: 19-06-1989

Andean Community

• Ratification: 24-01-2008 (A)
• Entry into force: 24-01-2008

Angola

• Signature: 29-06-1983
• Ratification: 28-01-1986 (R)
• Entry into force: 19-06-1989

AU (African Union)

• Ratification: 16-03-1998 (A)
• Entry into force: 16-03-1998

Barbados

• Signature: 02-01-1985

Benin

• Signature: 10-09-1981
• Ratification: 25-10-1982 (R)
• Entry into force: 19-06-1989

Bhutan

• Signature: 22-09-1983
• Ratification: 18-09-1984 (R)
• Entry into force: 19-06-1989

Botswana

• Signature: 18-11-1981
• Ratification: 22-04-1982 (R)
• Entry into force: 19-06-1989

Brazil

• Signature: 16-04-1981
• Ratification: 28-06-1984 (R)
• Entry into force: 19-06-1989

Burkina Faso

• Signature: 20-08-1981
• Ratification: 08-07-1983 (R)
• Entry into force: 19-06-1989

Burundi

• Signature: 08-04-1981
• Ratification: 01-06-1982 (R)
• Entry into force: 19-06-1989

Cabo Verde

• Signature: 09-10-1981
• Ratification: 30-07-1984 (R)
• Entry into force: 19-06-1989

Cameroon

• Signature: 30-06-1981
• Ratification: 01-02-1983 (R)
• Entry into force: 19-06-1989

CARICOM (Caribbean Community)

• Ratification: 15-05-2007 (A)
• Entry into force: 15-05-2007

Chad

• Signature: 16-12-1981
• Ratification: 06-06-1984 (R)
• Entry into force: 19-06-1989

China

• Signature: 05-11-1980
• Ratification: 02-09-1981 (R)
• Entry into force: 19-06-1989

Colombia

• Signature: 14-06-1983
• Ratification: 08-04-1986 (R)
• Entry into force: 19-06-1989

COMESA (Common Market for Eastern and Southern Africa)

• Ratification: 03-02-1998 (A)
• Entry into force: 03-02-1998

Comoros

• Signature: 10-09-1981
• Ratification: 27-01-1984 (R)
• Entry into force: 19-06-1989

Costa Rica

• Signature: 29-07-1981
• Ratification: 21-11-2002 (A)
• Entry into force: 21-11-2002

Côte d'Ivoire

• Signature: 15-07-1987
• Ratification: 29-10-1996 (A)
• Entry into force: 29-10-1996

Democratic Republic of the Congo

• Signature: 17-03-1981
• Ratification: 27-10-1983 (R)
• Entry into force: 19-06-1989

Djibouti

• Signature: 09-10-1984
• Ratification: 25-11-1985 (R)
• Entry into force: 19-06-1989

Dominican Republic

• Signature: 15-06-1983

EAC (East-African Community)

• Ratification: 25-04-2006 (A)
• Entry into force: 25-04-2006

EAEC (Eurasian Economic Community)

• Ratification: 06-03-2009 (A)
• Entry into force: 06-03-2009

ECOWAS (Economic Community of West African States)

• Ratification: 01-05-2009 (A)
• Entry into force: 01-05-2009

Ecuador

• Signature: 03-10-1980
• Ratification: 04-05-1982 (R)
• Entry into force: 19-06-1989

Egypt

• Signature: 19-10-1981
• Ratification: 11-06-1982 (R)
• Entry into force: 19-06-1989

El Salvador

• Signature: 28-06-1983

Equatorial Guinea

• Signature: 22-07-1983
• Ratification: 22-07-1983 (R)
• Entry into force: 19-06-1989

Ethiopia

• Signature: 30-09-1981
• Ratification: 19-11-1981 (R)
• Entry into force: 19-06-1989

EU (European Union)

• Signature: 21-10-1981
• Ratification: 06-07-1990 (R)
• Entry into force: 06-07-1990

France

• Signature: 04-11-1980
• Ratification: 17-09-1982 (R)
• Entry into force: 19-06-1989

Gabon

• Signature: 10-09-1981
• Ratification: 30-11-1981 (R)
• Entry into force: 19-06-1989

Gambia, The

• Signature: 23-10-1981
• Ratification: 14-04-1983 (R)
• Entry into force: 19-06-1989

Grenada

• Signature: 28-06-1983

Guatemala

• Signature: 01-06-1983
• Ratification: 22-03-1985 (R)
• Entry into force: 19-06-1989

Guinea

• Signature: 06-10-1981
• Ratification: 09-12-1982 (R)
• Entry into force: 19-06-1989

Guinea-Bissau

• Signature: 11-09-1981
• Ratification: 07-06-1983 (R)
• Entry into force: 19-06-1989

Guyana

• Signature: 08-06-1983

Haïti

• Signature: 19-01-1981
• Ratification: 20-07-1981 (R)
• Entry into force: 19-06-1989

Honduras

• Signature: 28-06-1983
• Ratification: 26-05-1988 (R)
• Entry into force: 19-06-1989

Indonesia

• Signature: 01-10-1980
• Ratification: 24-02-1981 (R)
• Entry into force: 19-06-1989

Iraq

• Signature: 07-04-1981
• Ratification: 10-09-1981 (R)
• Entry into force: 19-06-1989

Kenya

• Signature: 10-03-1982
• Ratification: 06-04-1982 (R)
• Entry into force: 19-06-1989

Kuwait

• Signature: 01-12-1981
• Ratification: 26-04-1983 (R)
• Entry into force: 19-06-1989

Lesotho

• Signature: 07-09-1981
• Ratification: 06-12-1983 (R)
• Entry into force: 19-06-1989

Liberia

• Signature: 21-10-1981

Luxembourg

• Signature: 29-12-1980
• Ratification: 04-10-1985 (R)
• Entry into force: 19-06-1989
• Renunciation: 30-09-2014
• Termination: 31-12-2015

Madagascar

• Signature: 08-06-1983
• Ratification: 21-10-1987 (R)
• Entry into force: 19-06-1989

Maldives

• Signature: 19-05-1988
• Ratification: 11-07-1988 (R)
• Entry into force: 19-06-1989

Mali

• Signature: 17-06-1981
• Ratification: 11-01-1982 (R)
• Entry into force: 19-06-1989

Mexico

• Signature: 19-12-1980
• Ratification: 11-02-1982 (R)
• Entry into force: 19-06-1989

Myanmar

• Ratification: 21-11-1996 (A)
• Entry into force: 21-11-1996

Nepal

• Signature: 07-09-1981
• Ratification: 03-04-1984 (R)
• Entry into force: 19-06-1989

Netherlands, the Kingdom of the

• Signature: 01-10-1980
• Ratification: 09-06-1983 (R)
• Entry into force: 19-06-1989

Nicaragua

• Signature: 07-09-1981
• Ratification: 05-03-1984 (R)
• Entry into force: 19-06-1989

Nigeria

• Signature: 20-07-1981
• Ratification: 30-09-1983 (R)
• Entry into force: 19-06-1989

Philippines

• Signature: 24-02-1981
• Ratification: 13-05-1981 (R)
• Entry into force: 19-06-1989

Portugal

• Signature: 30-01-1981
• Ratification: 03-07-1989 (R)
• Entry into force: 03-07-1989

Republic of the Congo

• Signature: 22-10-1981
• Ratification: 04-11-1987 (R)
• Entry into force: 19-06-1989

Rwanda

• Signature: 06-10-1981
• Ratification: 23-03-1983 (R)
• Entry into force: 19-06-1989

SADC (Southern African Development Community)

• Ratification: 18-12-2007 (A)
• Entry into force: 18-12-2007

Saint Lucia

• Signature: 20-12-1984

Samoa

• Signature: 02-04-1982
• Ratification: 06-03-1984 (R)
• Entry into force: 19-06-1989

São Tomé e Principe

• Signature: 20-06-1983
• Ratification: 06-12-1983 (R)
• Entry into force: 19-06-1989

Saudi Arabia

• Signature: 11-01-1983
• Ratification: 16-03-1983 (R)
• Entry into force: 19-06-1989

Senegal

• Signature: 11-11-1981
• Ratification: 20-06-1983 (R)
• Entry into force: 19-06-1989

Sierra Leone

• Signature: 24-09-1981
• Ratification: 07-10-1982 (R)
• Entry into force: 19-06-1989

Somalia

• Signature: 27-10-1981
• Ratification: 27-08-1984 (R)
• Entry into force: 19-06-1989

Sudan

• Signature: 13-05-1981
• Ratification: 30-09-1983 (R)
• Entry into force: 19-06-1989

Suriname

• Signature: 20-06-1983

Thailand

• Signature: 08-06-1983
• Ratification: 06-08-1992 (A)
• Entry into force: 06-08-1992

Togo

• Signature: 29-06-1983
• Ratification: 10-04-1984 (R)
• Entry into force: 19-06-1989

Uganda

• Signature: 19-03-1982
• Ratification: 19-03-1982 (R)
• Entry into force: 19-06-1989

United Arab Emirates

• Signature: 08-06-1982
• Ratification: 26-04-1983 (R)
• Entry into force: 19-06-1989

United States of America

• Signature: 05-11-1980

Uruguay

• Signature: 13-02-1986

WEAMU (West African Economic and Monetary Union)

• Ratification: 09-06-2009 (A)
• Entry into force: 09-06-2009

Yemen

• Signature: 07-09-1981
• Ratification: 14-01-1986 (R)
• Entry into force: 19-06-1989

Yugoslavia (< 25-06-1991)

• Signature: 07-01-1982
• Ratification: 14-02-1983 (R)
• Entry into force: 19-06-1989

Zambia

• Signature: 03-02-1981
• Ratification: 16-03-1983 (R)
• Entry into force: 19-06-1989

Zimbabwe

• Signature: 08-06-1983
• Ratification: 28-09-1983 (R)
• Entry into force: 19-06-1989

Argentina

• Signature: 22-09-1982
• Ratification: 01-07-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  22-09-1982
  The Argentine Republic, exercising its prerogative under article 58 of the Agreement, enters a reservation regarding article 53 of that Agreement as it cannot accept compulsory arbitration as the only means of settling disputes of the kind referred to in this article, and as it believes that the parties to such disputes must be free to determine by mutual agreement the means of settlement best suited to each particular case.

  reservation
  01-07-1983
  Argentina declares that it has selected the procedure provided for in Article 11(1) (b), of the Agreement for the payment of shares of Directly Contributed Capital subscribed by Argentina and that the said payments shall be made in French Francs, at the rate of conversion as at the date of this Agreement.

Australia

• Signature: 20-05-1981
• Ratification: 09-10-1981 (R)
• Entry into force: 19-06-1989
• Renunciation: 15-08-1991
• Termination: 20-08-1992
• Reservations / Declarations: Yes
• Objections: No

• reservation
  09-10-1981
  In accordance with article 11 (1) of the Agreement, it has decided that all payments of shares of directly contributed capital subscribed by Australia shall be made in any usable currency at the rate of conversion between that usable currency and the unit of account as at the date of payment.

Austria

• Signature: 08-07-1981
• Ratification: 04-05-1983 (R)
• Entry into force: 19-06-1989
• Renunciation: 09-01-2015
• Termination: 10-01-2016
• Reservations / Declarations: Yes
• Objections: No

• reservation
  10-08-1983
  The Government of Austria indicated that, in accordance with article 11(1)(b), Austria's contribution to the Common Fund for Commodities will be paid in German marks until such time as payment in Austrian shillings becomes possible.

Bangladesh

• Signature: 23-12-1980
• Ratification: 01-06-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  18-11-1981
  All payments in respect of Bangladesh's shares of the directly contributed capital in the Common Fund would be made, under article 11, paragraph 1(b), of the Agreement, in US dollars.

Belgium

• Signature: 31-03-1981
• Ratification: 06-06-1985 (R)
• Entry into force: 19-06-1989
• Renunciation: 10-12-2012
• Termination: 10-12-2013
• Reservations / Declarations: Yes
• Objections: No

• reservation
  06-06-1985
  With reference to article 11, paragraph l(b), of the Agreement, the Government of Belgium hereby informs the Fund that it will effect the payments of Shares of Directly Contributed Capital on the understanding that the Usable Currency selected will be the French franc (FF), the sums in FF to be remitted being determined on the occasion of each payment by the sums to be paid expressed in Units of Account of the Common Fund, at the rate of 1 Unit of Account = FF 5.42029. In accordance with article 11, paragraph 3, of the Agreement, the payment of the Paid-in Shares subscribed by Belgium (2,640,699 Units of Account) will be effected in three instalments in accordance with the specified procedure, the first of which will take place within 60 days after the entry into force of the Agreement. With regard to the amount subscribed by Belgium for Payable Shares (915,543 Units of Account), it shall be subject to call by the Fund, in accordance with article 11, paragraph 4, only as provided in article 17, paragraph 12. Belgium's voluntary contribution to the Second Account will be a commitment in Belgian francs (BF 100 million). The payment of this voluntary contribution will be made after the entry into force of the Common Fund, the terms of which are specified in article 57 of the Agreement.

Bulgaria

• Signature: 29-07-1987
• Ratification: 24-09-1987 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  29-07-1987
  In the light of its well-known position, the People's Republic of Bulgaria cannot recognize as legitimate the titles "Republic of Korea" and "Democratic Kampuchea", as contained in the annexes to the Agreement establishing the Common Fund for Commodities.

Canada

• Signature: 15-01-1981
• Ratification: 27-09-1983 (R)
• Entry into force: 19-06-1989
• Renunciation: 08-06-1992
• Termination: 09-06-1993
• Reservations / Declarations: Yes
• Objections: No

• reservation
  27-09-1983
  The Government of Canada declares that it has selected the procedure provided for in Article 11 (1) (b), of the Agreement for the payment of shares of Directly Contributed Capital subscribed by Canada and that the said payments shall be made in French Francs, at the rate of conversion as at the date of this Agreement.

Central African Republic

• Signature: 28-01-1982
• Ratification: 02-08-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  21-03-1984
  The Government of the Central African Republic declares, pursuant to article 11, paragraph 1 (b), of the Agreement, that the payments of Shares of Directly Contributed Capital subscribed by the Central African Republic shall be made in French Francs.

Cuba

• Signature: 22-06-1983
• Ratification: 21-07-1988 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  21-07-1988
  The Government of the Republic of Cuba declares, in conformity with article 58 of the Agreement, that it does not consider itself bound by the arbitration procedures for the settlement of disputes established in article 53.

Democratic People's Republic of Korea

• Signature: 29-06-1983
• Ratification: 05-06-1987 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  17-08-1987
  The payments of Shares of Directly Contributed Capital subscribed by the Democratic People's Republic of Korea shall be made in dollars at the rate of conversion as at the date of payment.

Denmark

• Signature: 27-10-1980
• Ratification: 13-05-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  13-05-1981
  In accordance with article 11 of the Agreement, it has decided that all payments of shares of directly contributed capital subscribed by Denmark shall be made in French Francs at the rate of conversion between French Francs and the Unit of account as at the date of the Agreement, i.e. 27 June 1980.

Eswatini

• Signature: 18-11-1987
• Ratification: 29-06-1988 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  29-06-1988
  The payments of Shares of Directly Contributed Capital subscribed by Swaziland shall be made in accordance with article 11 paragraph 1 (b), in French francs.

Finland

• Signature: 27-10-1980
• Ratification: 30-12-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  18-11-1982
  The payments of shares of Directly Contributed Capital subscribed by Finland shall be made, in terms of article 11, paragraph 1(b), in French Francs.

Germany

• Signature: 10-03-1981
• Ratification: 15-08-1985 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  23-09-1985
  The payments of Shares of Directly Contributed Capital subscribed by the Federal Republic of Germany shall be made in Deutsche Marks.

  reservation
  08-06-1989
  The Government of the Federal Republic of Germany decided to withdraw its notification under article 11(1).

Ghana

• Signature: 01-12-1982
• Ratification: 19-01-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  19-06-1989
  Ghana has chosen the procedure provided for in article 11, paragraph 1(b) of the Agreement for its payment of shares of Directly Contributed Capital in French Francs.

Greece

• Signature: 21-07-1981
• Ratification: 10-08-1984 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  26-11-1984
  Payments of Shares of Directly Contributed Capital subscribed by Greece shall be made in French francs at the rate of this Agreement.

India

• Signature: 18-09-1981
• Ratification: 22-12-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  22-12-1981
  India has chosen the procedure provided for in article 11, paragraph 1(a) of the Agreement for its payment of shares of Directly Contributed Capital.

Ireland

• Signature: 24-02-1981
• Ratification: 11-08-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  11-08-1982
  The Government of Ireland will make its payments for Shares of Directly Contributed Capital subscribed by Ireland in French Francs, at the rate of conversion between the French Franc and the Fund's Unit of Account as at 27 June 1980, in accordance with article 11(1)(b) of the Agreement Establishing the Common Fund for Commodities.

Italy

• Signature: 17-12-1980
• Ratification: 20-11-1984 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  20-11-1984
  Payments of Shares of Directly Contributed Capital subscribed by Italy shall be made in French francs at the rate of conversion in force as at the date of the Agreement.

Jamaica

• Signature: 06-01-1983
• Ratification: 07-01-1985 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  07-01-1985
  Payments of Shares of Directly Contributed Capital subscribed by Jamaica shall be made in accordance with article 11, paragraph l(a), of the Agreement.

Japan

• Signature: 28-11-1980
• Ratification: 15-06-1981 (R)
• Entry into force: 19-06-1989
• Renunciation: 07-09-2012
• Termination: 07-09-2013
• Reservations / Declarations: Yes
• Objections: No

• reservation
  15-06-1981
  The Government of Japan shall contribute to the initial resources of the Second Account of the Common Fund an amount in Japanese yen that is equivalent to twenty-seven million United States dollars (U.S.$27 million) in accordance with article 13 of the Agreement. The Government of Japan opts for payment of the above contribution in three equal annual instalments, with the first one to be made in cash or in notes within one year after the entry into force of the Agreement. The notes are understood to be irrevocable, non-negotiable, non-interest bearing promissory notes, issued in lieu of a cash payment and payable to the Fund at par value upon demand. It is also understood that the notes are to be treated in the same manner as notes of the same kind from other contributors. In accordance with article 11 of the Agreement, the Government of Japan has decided that payments of the Shares of Directly Contributed Capital subscribed by Japan shall be made in Japanese yen at the rate of conversion between Japanese yen and the Unit of Account valid on the date of each payment.

Laos

• Ratification: 17-12-2002 (A)
• Entry into force: 17-12-2002
• Reservations / Declarations: Yes
• Objections: No

• reservation
  17-12-2002
  The payments of Shares of Directly Contributed Capital subscribed by the Lao People's Democratic Republic shall be made in accordance with article 11 paragraph 1 (b), in French Francs (as converted into the Euro on 1 January 2002.

Malawi

• Signature: 17-03-1981
• Ratification: 15-12-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  29-03-1982
  The payments of Shares of Directly Contributed Capital subscribed by Malawi shall be made, in terms of article 11, paragraph 1(b) in US dollars.

Malaysia

• Signature: 30-12-1980
• Ratification: 22-09-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  07-03-1984
  The payments of Shares of Directly Contributed Capital subscribed by Malaysia shall be made in accordance with article 11 paragraph 1 (b), is US dollars.

Mauritania

• Signature: 18-10-1988
• Ratification: 28-08-1990 (R)
• Entry into force: 28-08-1990
• Reservations / Declarations: Yes
• Objections: No

• reservation
  28-08-1990
  The payments of Shares of Directly Contributed Capital subscribed by Mauritania shall be made in accordance with article 11 paragraph 1 (b), in French Francs.

Morocco

• Signature: 22-01-1981
• Ratification: 29-05-1987 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  29-05-1987
  The Government of Morocco declares that it has selected the procedure provided for in Article 11 (l)(b), of the Agreement for the payments of Shares of Directly Contributed Capital subscribed to by Morocco and that the said Payments shall be made in French francs, at the rate of conversion as at the date of this Agreement.

Mozambique

• Signature: 21-12-1982
• Ratification: 30-09-1993 (A)
• Entry into force: 30-09-1993
• Reservations / Declarations: Yes
• Objections: No

• reservation
  30-09-1993
  The payments of Shares of Directly Contributed Capital subscribed by Mozambique shall be made in accordance with article 11 paragraph 1, in French Francs

New Zealand

• Signature: 12-02-1982
• Ratification: 27-09-1983 (R)
• Entry into force: 19-06-1989
• Renunciation: 15-02-1993
• Termination: 17-02-1994
• Reservations / Declarations: Yes
• Objections: No
• Cook Islands
  Entry into force: 19-06-1989
  Termination: 17-02-1994Niue
  Entry into force: 19-06-1989
  Termination: 17-02-1994

• reservation
  27-09-1983
  Payments of Shares of Directly Contributed Capital subscribed by New Zealand shall be made in French francs at the rate of conversion between French francs and the Unit of Account as at the date of the Agreement.

Niger

• Signature: 19-10-1981
• Ratification: 19-10-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  31-01-1983
  The payments of shares of Directly Contributed Capital subscribed by the Niger shall be made, in terms of article 11, paragraph 1(b), in US dollars.

Norway

• Signature: 27-10-1980
• Ratification: 15-07-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  26-10-1981
  The payments of shares of directly contributed capital subscribed by Norway will be paid, in accordance with article 11, paragraph 1(a), of the Agreement, in any usable currency at the rate of conversion between that usable currency and the unit of accounts as at the date of payment.

Pakistan

• Signature: 04-05-1982
• Ratification: 09-06-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  09-06-1983
  The payments of Shares of Directly Contributed Capital subscribed by Pakistan shall be made in accordance with article 11 paragraph 1 (b), is US dollars.

Papua New Guinea

• Signature: 27-10-1981
• Ratification: 27-01-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  27-01-1982
  In accordance with article 11, paragraph 1(b), of the Agreement, payments for its shares of Directly Contributed Capital will be made in United States dollars at the rate of conversion between that usable currency and the Unit of Account valid at the date the Agreement was signed.

Peru

• Signature: 25-09-1981
• Ratification: 29-07-1987 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  29-07-1987
  The Government of Peru declares that it has selected the procedure provided for in Article 1 l(l)(b), of the Agreement for the payments of shares of Directly Contributed Capital subscribed by Peru and that the said payments shall be made in French Francs, at the rate of conversion as at the date of this Agreement.

Republic of Korea, the

• Signature: 27-11-1981
• Ratification: 30-03-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  30-03-1982
  The Republic of Korea has chosen the procedure provided for in article 11, paragraph 1(a) of the Agreement for its payment of shares of Directly Contributed Capital.

Russian Federation

• Signature: 14-07-1987
• Ratification: 08-12-1987 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  14-07-1987
  In view of its well-known position, the Union of Soviet Socialist Republics cannot recognize the legality of the names "Republic of Korea" and "Democratic Kampuchea" contained in the schedules to the Agreement establishing the Common Fund for Commodities.

Singapore

• Signature: 17-12-1982
• Ratification: 16-12-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  17-12-1982
  The Government of the Republic of Singapore declares that it is not in agreement with the manner in which the share of individual countries to the Directly Contributed Capital was determined. Nevertheless, the Government of the Republic of Singapore will make contributions as presently indicated in schedule A of the Agreement. This should not however prejudice in any way Singapore's position on its share of any contributions to be made under other agreements.

  reservation
  16-12-1983
  The payments of Shares of Directly Contributed Capital subscribed by Singapore shall be made in accordance with article 11 paragraph 1 (b), in Pounds sterling.

Spain

• Signature: 27-05-1981
• Ratification: 05-01-1984 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  04-04-1984
  Payments of shares Directly Contributed Capital subscribed by Spain shall be made in French francs at the rate of conversion in force as at the date of the Agreement.

Sri Lanka

• Signature: 21-01-1981
• Ratification: 04-09-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  02-02-1982
  The payments of Shares of Directly Contributed Capital subscribed by Sri Lanka shall be made, in terms of article 11, paragraph (a), of the Agreement, in any Usable Currency at the rate of conversion between that usable Currency and the Unit of Account as at the date of payment.

Sweden

• Signature: 27-10-1980
• Ratification: 06-07-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  06-07-1981
  For its Share of Directly Contributed Capital it has chosen the mode of payment foreseen in article 11, paragraph 1(a) of the Agreement.

Switzerland

• Signature: 30-03-1981
• Ratification: 27-08-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  27-08-1982
  In accordance with article 11 of the Agreement, Switzerland will use the method described in paragraph 1(a) of the said article for its payment of shares of Directly Contributed Capital, that is to say, payment will be made in any usable currency at the rate of conversion between that usable currency and the unit of account as at the date of payment.

Syria

• Signature: 26-03-1982
• Ratification: 08-09-1983 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  08-09-1983
  The Syrian Arab Republic enters a reservation in respect of article 53 of the Agreement, with regard to the binding nature of arbitration. Our accession to and ratification of the Agreement shall not in any way imply recognition of Israel and shall not, consequently, lead to involvement with it in any transactions as are regulated by the provisions of the Agreement.

Tanzania

• Signature: 07-09-1981
• Ratification: 11-06-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  16-06-1989
  The United Republic of Tanzania has chosen the procedure provided for in article 11, paragraph 1(b) of the Agreement for its payment of shares of Directly Contributed Capital in US dollars.

Trinidad and Tobago

• Ratification: 22-01-1998 (A)
• Entry into force: 22-01-1998
• Reservations / Declarations: Yes
• Objections: No

• reservation
  22-01-1998
  The payments of Shares of Directly Contributed Capital subscribed by Trinidad and Tobago shall be made in accordance with article 11 paragraph 1, in US dollars.

Tunisia

• Signature: 02-03-1982
• Ratification: 15-12-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  22-07-1983
  The payments of shares of directly contributed capital subscribed by Tunisia shall be made, in terms of article 11, paragraph 1(b), in French Francs.

Türkiye

• Signature: 07-09-1981
• Ratification: 29-08-1990 (R)
• Entry into force: 29-08-1990
• Renunciation: 29-07-1994
• Termination: 01-08-1995
• Reservations / Declarations: Yes
• Objections: No

• reservation
  29-08-1990
  The payments of Shares of Directly Contributed Capital subscribed by Turkey shall be made in accordance with article 11 paragraph 1 (a), in French francs.

United Kingdom

• Signature: 16-12-1980
• Ratification: 31-12-1981 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  31-12-1981
  The shares of Directly Contributed Capital subscribed by the Government of the United Kingdom of Great Britain and Northern Ireland will be paid in Pounds Sterling at the rate of conversion between the Pound Sterling and the Unit of Account of the Common Fund as at the date of the Agreement.

Venezuela

• Signature: 05-12-1980
• Ratification: 31-03-1982 (R)
• Entry into force: 19-06-1989
• Reservations / Declarations: Yes
• Objections: No

• reservation
  05-12-1980
  With reservation as to article 53.

  reservation
  31-03-1982
  Venezuela has chosen the procedure provided for in article 11, paragraph 1(a) of the Agreement for its payment of shares of Directly Contributed Capital.