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The Bangladesh Rubber Board was established on 5 May 2013 through the Bangladesh Rubber Board Act 2013. [3] In October 2016, Bangladesh joined the Association of Natural Rubber Producing Countries. [3] Bangladesh Rubber Board started operations on 30 April 2019. [3]
The Rubber Board is a statutory organization of constituted under Section (4) of the Rubber Act, 1947 and functions under the administrative control of Ministry of Commerce and Industry, Government of India. The Board’s headquarters is located at Kottayam in Kerala.
By 5 January 1942 the boards were ready. Each received a monthly allotment of tires based on the number of local vehicle registrations, and allocated them to applicants based on OPA rules. [5]: 133 There was a shortage of natural rubber for tires since the Japanese quickly conquered the rubber-producing regions of Southeast Asia.
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The International Rubber Regulation Agreement was a 1934 accord between the United Kingdom, India, the Netherlands, France and Thailand that formed a cartel of major rubber producing nations to restrict global rubber production and maintain a stable, high price for natural rubber. [1] The agreement covered between 90–100% of world producers ...
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The Stevenson Plan, also known as the Stevenson Restriction Scheme, was a scheme by the British government over the period 1922 to 1928 to restrict rubber supply in order to increase rubber prices. [ 1 ] [ 2 ] During World War I , there was a substantial increase in rubber supply due to high demand.