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Thursday, 21 March 2013

EU: for the extension of the International Sugar Agreement 1992

The EU is in favour of the extension for a two year period of the International Sugar Agreement 1992 - this is the official position of the EU within the International Sugar Council (ISC), agreed upon at the Council meeting on Agriculture and Fisheries held in Brussels on 18-19 March 2013.
The  extension of the agreement shall be discussed at the next session of the ISC in Fiji on 6 June 2013.
The ISC 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 international cooperation in connection with world sugar matters and provide a forum for intergovernmental consultations on sugar, and to facilitate trade by providing information on the world sugar.
The ISA was concluded by the EU and entered into force on 1 January 1993. Since then, it has been regularly extended for periods of two years and will expire on 31 December 2013. The headquarters of the Organization are in London, UK, and the chairman of the Council is the Fijian Prime Minister Commodore Josaia Voreqe Bainimarama.

Source: EU Council

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