Stabex
Sign in to saveAlso known as Stabex transfer, System for the stabilisation of export earnings, stabilisation of export earnings
The Stabex (from French ''Système de Stabilisation des Recettes d'Exportation'') is the acronym for a European Commission compensatory finance scheme to stabilise export earnings of the ACP countries. It was first introduced in the first Lomé Convention (1975) with the purpose of remedying the harmful effects of the instability in export revenue from agricultural products.
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Vinony's link graph records 2 inbound references to Stabex, and connects out to French, European Union and European Commission.
It is catalogued under the topic ACP–European Union relations.
Vinony links it to 6 Wikipedia language editions.
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Encyclopedic overview
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The Stabex (from French ''Système de Stabilisation des Recettes d'Exportation'') is the acronym for a European Commission compensatory finance scheme to stabilise export earnings of the ACP countries. It was first introduced in the first Lomé Convention (1975) with the purpose of remedying the harmful effects of the instability in export revenue from agricultural products.
Stabex (along with similar mechanism for the mineral products– Sysmin that was provided for in the second Lomé Convention (1979)) was abolished by Cotonou Agreement in 2000. The agreement has been linked closely to that of the IMF compensatory package. However the debate rages that these aren't as effective as free trade due to the long run instability of the products.
Excerpted from Wikipedia’s “Stabex” article, available under the CC BY-SA 4.0 licence.