The Committee at its 62^nd Session reviewed the studies undertaken by the Secretariat on commodity and environment linkages, the present state of biotechnology developments and their potential impact on commodity markets and trade and the assessments made of the impact on trade of the Uruguay Round (UR) Agreements on Application of Sanitary and Phytosanitary Measures (SPS) and Technical Barriers to Trade (TBT). In this regard, the Committee noted the importance of these matters for member countries. This report contains a summary the activities undertaken by the Secretariat in the areas listed above since the last session of the Committee, as well as the new and emerging issues that may affect agricultural commodity markets in the future.