The International Rubber Regulation Agreement was a 1934 accord between the United Kingdom, India, the Netherlands, France and Thailand that formed a cartel of major rubber producing nations to restrict global rubber production and maintain a stable, high price for natural rubber.
Read more about International Rubber Regulation Agreement: Background, The Agreement, Outcome
Famous quotes containing the words rubber, regulation and/or agreement:
“Time for the flat-headed man. I recognize that listener,
Him with the platitudes and rubber doughnuts,
Melting at the knees, a varicose horror.
Hello, hello. My nerves knew you, dear boy.
Have you come to unhinge my shadow?”
—Theodore Roethke (1908–1963)
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)
“No one can doubt, that the convention for the distinction of property, and for the stability of possession, is of all circumstances the most necessary to the establishment of human society, and that after the agreement for the fixing and observing of this rule, there remains little or nothing to be done towards settling a perfect harmony and concord.”
—David Hume (1711–1776)