Stabexn.
/ˈsteɪbɛks/ Commerce.
A scheme operated by the European Community guaranteeing developing countries in Africa, the Caribbean, and the Pacific a minimum price for staple commodities in the event of a shortfall in their export earnings.
ΚΠ
1975 Church Times 21 Feb. 12/5 To be formally ratified in Togo on February 28, the agreement contains major concessions—including the entirely new ‘stabex’..scheme..to protect peasant famers and others against the hardships of weather failure and adverse price variation.
1978 J. Paxton Dict. European Econ. Community (rev. ed.) 148 A.C.P. bananas were to enjoy duty-free access and were also to be included in the Stabex scheme.
1983 Financial Times 4 Oct. 16/1 It offers some protection against declining prices for a range of ACP commodities through the Stabex mechanism.
1988 D. Leonard Pocket Guide European Community iii. xxii. 161 A particular feature of the second and third Lomé Conventions has been the inclusion of a stabilisation fund (known as Stabex)... Altogether 48 basic commodities are included, and in 1986 some 25 payments were made from the fund, totalling just under Ecu150 mn.
This entry has not yet been fully updated (first published 1993; most recently modified version published online December 2020).
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n.1975