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International Cocoa Organization

From Wikipedia, the free encyclopedia

The International Cocoa Organization (ICCO) is a global organization, composed of both cocoa producing and cocoa consuming countries with a membership. Located in London, ICCO was established in 1973 to put into effect the first International Cocoa Agreement which was negotiated in Geneva at a United Nations International Cocoa Conference. [1] There have since been seven Agreements. The Seventh International Cocoa Agreement was negotiated in Geneva in 2010 and came into force provisionally on 1 October 2012. [2]

The ICCO serves as a platform for stakeholders in the global cocoa industry to discuss topics relevant to international cocoa trade. It is a leading source of cocoa statistics globally, with data spanning nearly 70 years. Additionally, the ICCO offers expertise in cocoa market analysis and forecasting, project development and implementation, as well as capacity-building programs for its member countries.[3]

ICCO Member countries represent roughly 86% of world cocoa production and more than 72% of world cocoa consumption. All Members are represented in the International Cocoa Council, the highest governing body of the ICCO.[4]

The Consultative Board consists of fourteen international experts in the cocoa sector, all from the private sector (seven from cocoa producing Member countries and seven from cocoa consuming Member countries). However, the Board, whose mandate is as extensive as that of the International Cocoa Council and comprises all aspects of the world cocoa economy, only functions in an advisory capacity, as all final decisions are taken by the International Cocoa Council. The Consultative Board was established in recognition of the importance of the private sector in the world cocoa economy and of the increasingly important role that trade and industry have been playing in ICCO.

The ICCO also sets forth definitions within the cocoa industry to establish a common ground. Some notable terms include: Sustainable Cocoa Economy, Ethical Cocoa, Fine Flavour Cacao, and Cocoa year.[5]

International Cocoa Organization Members [6]
Country Status Signature Ratification/Approval/Acceptance
Brazil Exporting Country 7 June 2012
Cameroon Exporting Country 26 March 2012 Provisional: 24 January 2013
Colombia [7] Exporting Country 7 December 2021
Congo (Democratic Republic) Exporting Country 4 November 2011 Provisional: 4 November 2011
Côte d’Ivoire Exporting Country 20 September 2011 Approval: 16 May 2012
Dominican Republic Exporting Country 9 March 2012 Provisional: 9 March 2012
Ecuador Exporting Country 25 September 2013
Gabon Exporting Country 18 January 2012 Approval: 11 June 2013
Ghana Exporting Country 19 August 2011 Ratification: 18 December 2012
Guinea Exporting Country 19 June 2012
Indonesia Exporting Country 12 September 2011 Ratification: 13 November 2012
Liberia Exporting Country 13 November 2012 Acceptance: 17 January 2014
Madagascar Exporting Country 29 December 2015 Provisional: 29 December 2015
Malaysia Exporting Country 5 August 2013 Ratification: 30 August 2013
Nicaragua Exporting Country 15 July 2013
Nigeria Exporting Country 10 October 2018
Papua New Guinea Exporting Country 21 April 2016
Peru Exporting Country 4 March 2014 Ratification: 12 May 2016
Sierra Leone Exporting Country 1 October 2012
Togo Exporting Country 19 September 2011 Ratification: 22 June 2012
Trinidad and Tobago Exporting Country 24 September 2012
Venezuela (Bolivarian Republic of) Exporting Country 27 June 2016
Austria Importing Country
Belgium Importing Country
Bulgaria Importing Country
Croatia Importing Country
Cyprus Importing Country
Czech Republic Importing Country
Denmark Importing Country
Estonia Importing Country
Finland Importing Country
France Importing Country
Germany Importing Country
Greece Importing Country
Hungary Importing Country
Ireland Importing Country
Italy Importing Country
Latvia Importing Country
Lithuania Importing Country
Luxembourg Importing Country
Malta Importing Country
Netherlands Importing Country
Poland Importing Country
Portugal Importing Country
Romania Importing Country
Slovakia Importing Country
Slovenia Importing Country
Spain Importing Country
Sweden Importing Country
Russian Federation Importing Country 1 October 2014 Ratification: 29 January 2016
Switzerland Importing Country 22 December 2010 Ratification: 12 May 2011

References

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  1. ^ "Who We Are". International Cocoa Organization. Retrieved 23 April 2024.
  2. ^ "Agreements". International Cocoa Organization. Retrieved 23 April 2024.
  3. ^ "FAQ". International Cocoa Organization. Retrieved 23 April 2024.
  4. ^ "Who We Are". International Cocoa Organization. Retrieved 23 April 2024.
  5. ^ "Amended ICA 2010 (English)" (PDF). International Cocoa Organization. Retrieved 23 April 2024.
  6. ^ "Membership". International Cocoa Organization. Retrieved 23 April 2024.
  7. ^ "The International Cocoa Organization welcomes Colombia as its 52nd Member". International Cocoa Organization. 8 December 2021. Retrieved 23 April 2024.