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Conveniently, this allowed the government to impose export taxes to boost its revenues.
But if the agency could broker an agreement not to impose export controls, it would go a long way toward protecting food security.
If Canadian prices fall below a threshold determined through a complex formula, Canadian provinces will have to impose export controls, export taxes or a combination of the two.
China's monopoly allowed it to raise prices by hundreds of percent for various rare-earth materials from 2009 to 2011 and also to impose export quotas on many of these products.
The threat to Europe's wheat crop revives memories of the drought in the Black Sea region in 2010, which ravaged local crops and prompted Russia to block exports and Ukraine to impose export quotas.
That is why the recent spike in food prices has led many food-growing countries to impose export restrictions and has caused near panic among those concerned about global poverty.
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A dozen countries, including India, Vietnam, Serbia and Ukraine, have imposed export taxes or limited exports.
Governments have further exaggerated the problem by imposing export quotas and trade restrictions, raising prices again.
Between 2007 and 2011, 33 countries imposed export restrictions on food.
China's agreement to join the W.T.O. also bars it from imposing export restrictions on rare earths.
That happened, he said, when the Clinton administration last April imposed export requirements on firearms going to Canada.
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