The Council shall take the necessary measures and lay down detailed rules for the communication of the information referred to in Article III in order to enable the Committee to monitor on an ongoing basis the situation and development of the international market for the products listed in the Annex and the conditions under which the Parties are applied to the provisions of the Annex; taking into account the evolution of prices in international trade in each of the other dairy products which bear fruit in the trade in the products listed in the Annex. An agreement on certain dairy products (Geneva, 12 January 1970), , a treaty concluded by a number of nations, was initially concluded to establish a minimum price for skimmed-milk powder at $20 per 100 kg. The agreement should be extended to other dairy products. In addition, a Management Committee has been set up under the General Agreement on Tariffs and Trade to monitor the Agreement. Three years later, a Protocol on Milk Fats was agreed (Geneva, 2 April 1973) which extended controls on skimmed-milk powder to other internationally transportable milk products, such as ghee, milk without water, butter oil without water and concentrated butter without water, butter oil and concentrated butter.  2. Where, following an assessment of the situation and prospects on the world market referred to in point (a) of paragraph 1, the Council finds that milk products, in general or on one or more products, are developing a serious market inequality or a risk of such an imbalance which may affect or affect international trade, the Council, paying particular attention to the situation of developing countries, possible solutions: which can be envisaged by governments. 3. The information which the Contracting Parties undertake to provide in accordance with paragraph 1, in accordance with the arrangements to be defined by the Council, shall include data on developments, current situation and prospects for production, consumption, prices, stocks and trade, including transactions other than normal commercial transactions, in respect of the products referred to in Article II, as well as any other information; which the Council considers necessary. The Parties shall also provide information on their national policies and trade measures, as well as on their bilateral, plurilateral or multilateral commitments in the dairy sector, and communicate as soon as possible any changes in those policies and measures that may have an impact on international trade in dairy products. The provisions of this paragraph shall not oblige any Contracting Party to disclose confidential information which would impede criminal proceedings or would be contrary to the public interest or which would prejudice the legitimate commercial interests of certain public or private undertakings.
(b) The level of the minimum prices fixed by this Article shall be reviewed by the Committee at least once a year. In carrying out this review, the Committee shall take into account, in particular, as far as possible and necessary, the costs faced by producers, other relevant economic factors of the world market, the need to maintain a long-term minimum yield for the most economical producers, the need to maintain stability of supply and to ensure prices acceptable to consumers; and the current market situation and to take account of the desirability of improving the relationship between the minimum prices referred to in point (b) of paragraph 2 and the support rates for dairy products in the main parties to the producer. . . .