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ICO HOPING TO CONVINCE US TO REMAIN IN COFFEE AGREEMENT

ICO HOPING TO CONVINCE US TO REMAIN IN COFFEE AGREEMENT



The International Coffee Organization is hoping it can convince the US not to leave the International Coffee Agreement.

As previously highlighted by C&CI, the ICO reported in March that its secretariat had received a communication from the US announcing its withdrawal from the agreement. According to the provisions of the agreement, the withdrawal would become effective on 27 June 2018.

In light of the importance of the US in the world coffee sector and possible impact of the withdrawal on the work of the organization, José Sette, the Executive Director put before members a council resolution regretting the withdrawal and urging the US to reconsider its decision. The council approved the draft resolution.

The council also agreed to send a high-level ICO delegation, composed of the Chair of the Council, the Executive Director and interested members, to meet with US officials in May 2018.

The ICO also resolved to ask member governments and private sector associations to encourage the US to continue to be a member of the organization.

Apart from the key role that the US plays as a market for coffee, withdrawal poses significant implications for the ICO’s budget and in particular importing members.

It has been suggested that the financial implications of a US withdrawal could include a possible deterioration of core services to members.

The ICO secretariat is expected to provide information to members as to the impact of the US withdrawal and the possible effect on its budget and essential services it provides to members later this year.

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