VOL. XXXVII

NO. 9

29-NOVEMBER-1993

Arguments For and Against Cutting Production

The debate on whether or not to reduce the ceiling and quotas in response tomarket pressure and the resulting decision to reaffirm the status quo wasbriskly wrapped up in the course of a single day on Wednesday 24 November. Somekey countries - like Saudi Arabia, Kuwait and Indonesia - argued stronglyagainst the idea of quota reductions; while even those who favored a reductionin principle, such as Iran, the UAE, Libya...