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than one African country.
In addition the price support system
of the second fund has been discontinued; instead a reserve fund (i.e. the Disaster Fund) (65-80 million u/a) will be established to assist associated countries to meet "exceptional
situations" arising from a fall in world prices or natural
disasters.
Institutions
1
14. The special institutions set up under the Yaoundé
Convention are the Association Council, assisted by the
Association Committee; the Parliamentary Conference of the
Association;
and the Arbitration Court of the Association.
15. The Council is composed of the members of the Community
council of Ministers, the members of the Common Market
Commission and one member of the Government of each associated
State, a total of 33. The office of president of the
Association Council is held alternately by a member of the
Community Council and a member of an Associated Government.
The Association Council normally meets only once a year but if
necessary additional meetings may be called. In matters covered
by the Convention, the Council has the power to take decisions
binding on all the signatories: such decisions are taken by mutual agreement between the Communities on one side and the
Associated States taken together on the other.
16.
The Council discusses the implementation of the provisions of the Yaoundé Convention; it studies periodically the results
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/achieved