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TeachMeFinance.com - explain International Grains Agreement (IGA) International Grains Agreement (IGA) The term 'International Grains Agreement (IGA) ' as it applies to the area of agriculture can be defined as ' Replaced the International Wheat Agreement in 1995. The IGA comprises a Grains Trade Convention (GTC) and a Food Aid Convention (FAC). The IGA is administered by the International Grains Council (IGC), an intergovernmental forum for cooperation on wheat and coarse grain matters. The Grains Trade Convention provides for information-sharing, analysis and consultations on grain market and policy developments. Under the Food Aid Convention, donor countries pledge to provide annually specified amounts of food aid to developing countries in the form of grain suitable for human consumption, or cash to buy suitable grains in recipient countries. The International Grains Agreement does not contain any mechanisms for stabilizing supplies, prices, or trade'. Previous 5 Terms: International Classification Of Diseases International commodity agreement International Date Line International Emergency Economic Powers Act (IEEPA) International Geosphere-Biosphere Programme (IGBP) Next 5 Terms: International Grains Council (IGC) International Monetary Fund (IMF) International Nuclear Regulators Association (INRA) International Organization For Standardization International System of Units (SI) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.