CAIRO, March 9 (Reuters) - Egypt, one of the world's largest wheat importers, has given notice it will withdraw at the end of June from a decades-old U.N. grains treaty, causing consternation among some other signatories to the convention.
Egypt signed the GTC, the only international treaty covering trade in grains, at its inception in 1995, and has been a member of the council that governs it since 1949.
Several delegations within the IGC are surprised and sad about the decision," Arnaud Petit, executive director of the International Grains Council, which administers the treaty, told Reuters.
Other signatories to the GTC include major grain importers and exporters such as the United States and the European Union.
Two sources familiar with the matter, who asked to remain anonymous, told Reuters that Egypt owed the IGC membership fees.