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Thursday, 29 March 2012

The Council supports revised International Cocoa Agreement

The Council adopted a decision approving the conclusion of the revised international cocoa agreement, which was negotiated by the UN cocoa conference in 2010, and replaced the 2001 version. One has to remember that the agreement was signed by the EU in June 2011 and provisionally applied since then. In January,  International Trade Committee (INTA) MEPs  recommended the Parliament to give its consent to a new International Cocoa Agreement. The Parliament followed its advice and gave its approval 2 weeks ago. Although cocoa is grown in several areas, production is concentrated in West Africa, specifically Côte d'Ivoire (the world’s largest producer), Ghana, Nigeria and Cameroon, which together represent more than 70% of world cocoa production. Togo, Sierra Leone and Liberia produce small amounts of cocoa.

Source: Council of the EU