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RUSSIAN FEDERATION JOINS ICO

RUSSIAN FEDERATION JOINS ICO



The Executive Director of the International Coffee Organization (ICO), Robério Oliveira Silva, has announced that the Russian Federation has completed membership procedures for the ICO under the International Coffee Agreement 2007.

The Russian Federation becomes the seventh importing member of the ICO and joins the European Union, Norway, Switzerland, Tunisia, Turkey, and the US in that category.

Mr Silva said: “The Russian Federation has been an official observer of the ICO’s meetings for several years and I have personally been engaged in talks with senior officials regarding its accession. As one of the top coffee consuming countries in the world, we believe the Russian Federation is well positioned to work with ICO Members on the promotion of the coffee sector worldwide and to tackle the challenges we face. I am delighted to welcome the Russian Federation as our newest Member.”

The Russian Federation consumed 4 million bags in 2014 with an average per capita consumption of 1.7kg. Since 2000, coffee consumption in the country has doubled, growing at an estimated 3 per cent per annum over the last four years, and is now worth over US$2.5 billion.

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