International Cocoa Agreement

International Cocoa Agreement in Global Commerce Policy

In this regard, international cocoa agreement is: first concluded in 1972 after 17 years of negotiations and renegotiated in 1975, 1980, 1986 and 1993. The entries on trade policy are here. A new agreement to succeed the 1993 agreement was negotiated in February 2001. The entries on trade policy are here. It is due to enter into force definitively on 1 October 2003 or at any time afterwards once the ratification requirements have been met. The Agreement no longer operates a buffer stock. The objectives of the current Agreement include, among others, (a) the development and strengthening of cooperation in the international cocoa economy, (b) contributing to a balance between supply of and demand for cocoa in the world market, and (c) promotion of transparency in the world cocoa economy through the collection and dissemination of statistics and other data on cocoa. The Agreement’s administrative body, the International Cocoa Organization, is located in London.[1]

International Cocoa Agreementin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “International Cocoa Agreement” entry (OAS)

See Also