provides anequitable basisfortheirtrading relationship. Themodelisin harmony withtherecent ECdirective onself-employed commercial agents. The Working Partyexpects tocomplete work on themodelcontract in1990• I.UNIDROIT: franchising contracts 21.Atits67thsession theGoverning Council requested theSecretariat to obtaininformation onthesubject offranchising, particularly withregardto theactualcontent offranchising contracts indifferent countries. Atits 68thsession inApril1989theGoverning Council considered theresultofan examination offranchise contracts from 12 different countries, aswellasof thetextofthenewlyadopted EECregulation exempting certain categories of franchise agreements fromtheapplication ofArticle 85(3)oftheTreatyof Rome. The Governing Council decided thatfranchising shouldremainonthe WorkProgramme. II.COMMODITIES A.UNCTAD: CommonFundforCommodities 22.TheUNCTADAgreement establishing theCommonFundforCommodities concluded on 27June1980(TD/IPC/CF./CONF/25, UnitedNations publication, SalesNo. E.81.II.D.8) entered intoforceinJune1989.Thefirstannual meeting oftheGoverning Council oftheCommonFund was convened bythe Secretary-General ofUNCTADpursuant toparagraph 2(b)oftheresolution adopted bytheUnitedNations Negotiating Conference on aCommonFund on 27 June1987andwasheldinGeneva from 10 to21July1989.Atthatmeetingit wasdecided thatthelocation oftheheadquarters oftheFundwouldbein Amsterdam and aManaging Director wasappointed. TheGoverning Council elected twenty-six Executive Directors andtheirAlternates totheExecutive BoardoftheCommonFund(UNCTAD Bulletin No. 254 - July/August 1989). B.UNCTAD: commodity agreements 23.Theaimsoftheinternational commodity agreements varyfromone agreement toanother. Theprincipal objectives, however, arepriceandexport earnings stabi1ization andlong-term development. Thelattercomprises activities related toimproved marketaccessandsupplyreliability, increased diversification andindustrialisation, augmented competitiveness ofnational products vis-a-vis synthetics andsubstitutes, improved marketing, and distribution andtransport systems. International commodity agreements mayA/CN.9/336 English Page14 haveadditional objectives, e.g.theincrease ofconsumption, theprevention ofunemployment orunderemployment, andthealleviation ofserious economic difficulties. 24.Thefollowing commodity agreements havebeenadopted atvarious United Nations Conferences undertheauspices ofUNCTAD, pursuant totheobjectives adopted byUNCTADinresolutions 93(IV)andl24(V)ontheIntegrated Programme forCommodities: Cocoa: TheInternational CocoaAgreement 1986entered intoforce provisionally on 20January 1987inaccordance withadecision taken pursuant toarticle 70,paragraph 3,oftheAgreement. Itisdueto expire on 30September 1990unlessextended bydecision ofthe International CocoaCouncil. Themaximum periodofextension provided forintheAgreement isthreeyears. Copper: TheUnitedNations Conference onCopper, heldunderUNCTAD auspices from13to24June1988andfrom20to24February 1989,adopted afinalresolution towhichwereannexed thetermsofreference ofthe International CopperStudyGroup. Theobjectives oftheInternational CopperStudyGrouparetoensureenhanced international co-operation on issuesconcerning copperbyimproving theinformation available onthe international coppereconomy andbyproviding aforum·for intergovernmental consultations oncopper. Inaddition, theGroup may applytobedesignated asanInternational Commodity Body underarticle 7(9)oftheAgreement establishing theCommonFundforCommodities, for thepurpose ofsponsoring projects oncoppertobefinanced bytheFund throughitsSecondAccount. Ironore:Thethirdsession oftheIntergovernmental GroupofExperts on IronOre,established pursuant toarecommendation bytheFourth Preparatory Meeting onIronOreundertheIntegrated Programme for Commodities, washeldfrom16to20October 1989.Atthatsession, the
**Analysis**
The text appears to be discussing various international agreements and organizations related to trade, commodities, and economic development. It mentions the United Nations Conference on Trade and Development (UNCTAD), the International Cocoa Agreement, the United Nations Common Fund for Commodities, and the International Copper Study Group. These organizations and agreements seem to be focused on stabilizing prices, promoting long-term development, and improving market access for commodities.

**Category**
International trade, Economic development