India and Sri Lanka have decided to take the initiative to work out a common global strategy, in co-operation with other tea-exporting countries like Kenya, Bangladesh and Indonesia, to secure an equitable, remunerative price for the tea-producing countries in the world market. Informal consultations will be held among the tea-producing countries before the forthcoming meeting of the sub-group of the Food and Agricultural Organisation (FAO) in Rome on June 9 to discuss remunerative prices for exports. The Association of Natural Rubber Producing Countries will also initiate consultations to evolve a similar strategy for rubber exports in the context of the present energy crisis. Malaysia, Thailand, Ceylon, India, and Indonesia, accounting for 90 percent of the world’s production of rubber, are members of the association. Both India and Sri Lanka recognize the urgent need for a common global export strategy for tea exports. Despite the increase in prices of principal raw materials in the export market, the price of tea has remained relatively stagnant, rising from Rs. 7.14 to Rs. 8 per kilogramme in the last five years.