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1 September 1931: Signing of the Chadbourne Agreement in Brussels

The Chadbourne Agreement was a treaty between the sugar producing states of Germany, Poland, Belgium, Czechoslovakia, Hungary, Java and Cuba, established to reduce sugar surpluses in those countries. To achieve this goal, sugar production should neither exceed domestic needs nor a fixed export quota. In Den Haag, the International Sugar Council was set up especially to ensure compliance with the agreement.