International Tin Council
The International Tin Council (ITC) was an organisation which acted on behalf of major tin producers and consumers to control the international tin market. An International Tin Study Group, which was established in 1947 to survey world supply of and demand for tin, led to the treaty, the International Tin Agreement, signed in 1954, and the formation of the ITC in 1956. The objectives were: Prevent or alleviate widespread unemployment or under-employment and other serious difficulties which are likely to result from maladjustments between the supply of and the demand for tin. Prevent excessive fluctuations in the price of tin and achieve a reasonable degree of stability of price on a basis which will secure long-term equilibrium between supply and demand. Ensure adequate supplies of tin at reasonable prices at all times. Provide a framework for the consideration and development of measures to promote the progressively more economic production of tin while protecting tin deposits from unnecessary waste or premature abandonment. The original consumer members were: Australia Brazil Belgium Canada Denmark Ecuador France Federal Republic of Germany India Italy Japan Lebanon Netherlands Switzerland Spain Turkey United Kingdom United States The original producer members were: Belgian Congo and Ruanda-Urundi Bolivia Indonesia