ABSTRACT
This chapter discusses the economic performance of the most important commodity protocols from the donor’s as well as the recipient countries’ points of view. Lomé TV includes four commodity protocols: the banana protocol, the rum protocol, the beef and veal protocol and the sugar protocol. The sugar protocol arose from the Commonwealth Sugar Agreement in which the UK guaranteed to purchase specified quantities of sugar from Commonwealth countries. The central price rule of the sugar protocol is that the EC purchases the agreed quotas from ACP countries at a guaranteed price. Data on total exports and exports under the sugar protocol were combined with the price data contained in order to quantify the protocol’s effects on national export earnings. The EC guaranteed price indicates the export price for sugar exported by ACP countries to the EC under the sugar protocol.
