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What is International Jute Study Group mean?
The International Jute Study Group (IJSG) is an intergovernmental organization of states that functions as the international commodity board for jute, kenaf, and related fibres. The IJSG functions as a body of the United Nations Conference on Trade and Development. Its main purpose is to ensure transparency in the international trade of jute and kenaf.
The creation of the IJSG was negotiated in 2000 and 2001 in Geneva and was agreed to in a multilateral treaty known as the Agreement establishing the Terms of Reference of the International Jute Study Group. The IJSG was intended to replace the International Jute Organization, which had ceased to exist. The agreement was ratified by Bangladesh, the European Union, India, and Switzerland, and the IJSG came into existence on 27 April 2002, with headquarters in Dhaka, Bangladesh.
Switzerland withdrew from IJSG in September 2002. The states that remain in the IJSG account for approximately 60 per cent of the world's jute trade.
reference nanPosted on 30 Apr 2022, this text provides information on Miscellaneous in International related to International. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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