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Tuesday, 05 April 2011

Council paves way for international sugar agreement

The Council adopted a decision establishing the position to be adopted, on behalf of the EU, within the International Sugar Council as regards the extension of the International Sugar Agreement 1992 (5481/11). The International Sugar Agreement 1992 was concluded by the EU and entered into force on 1 January 1993. Since then it has been regularly extended and remains into force until 31 December 2011. A further extension of this agreement by up to two years entails the prolongation of the EU contribution to its administrative budget. The International Sugar Council was created in 1937, originally to deal with problems concerning sugar surpluses and sugar distribution through the International Sugar Organisation. This organisation aims to ensure enhanced international cooperation in connection with world sugar matters and provide a forum for intergovernmental consultations on sugar so as to improve the world sugar economy, to facilitate trade by collecting and providing information on the world sugar. The purpose of this decision is to seek the Council’s authorisation for the Commission to vote, on behalf of the Union, in favour of the extension of the agreement up to 31 December 2013 within the International Sugar Council.

Source: Council of Ministers

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