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International Cocoa Organization
The International Cocoa Organization (ICCO) is a global organization, composed of both cocoa producing and cocoa consuming countries with a membership. Located in London, ICCO was established in 1973 to put into effect the first International Cocoa Agreement which was negotiated in Geneva at a United Nations International Cocoa Conference. There have since been seven Agreements. The Seventh International Cocoa Agreement was negotiated in Geneva in 2010 and came into force provisionally on 1 October 2012.
The ICCO serves as a platform for stakeholders in the global cocoa industry to discuss topics relevant to international cocoa trade. It is a leading source of cocoa statistics globally, with data spanning nearly 70 years. Additionally, the ICCO offers expertise in cocoa market analysis and forecasting, project development and implementation, as well as capacity-building programs for its member countries.
ICCO Member countries represent roughly 86% of world cocoa production and more than 72% of world cocoa consumption. All Members are represented in the International Cocoa Council, the highest governing body of the ICCO.
The Consultative Board consists of fourteen international experts in the cocoa sector, all from the private sector (seven from cocoa producing Member countries and seven from cocoa consuming Member countries). However, the Board, whose mandate is as extensive as that of the International Cocoa Council and comprises all aspects of the world cocoa economy, only functions in an advisory capacity, as all final decisions are taken by the International Cocoa Council. The Consultative Board was established in recognition of the importance of the private sector in the world cocoa economy and of the increasingly important role that trade and industry have been playing in ICCO.
The ICCO also sets forth definitions within the cocoa industry to establish a common ground. Some notable terms include: Sustainable Cocoa Economy, Ethical Cocoa, Fine Flavour Cacao, and Cocoa year.
Overview
The International Cocoa Organization (ICCO) was established in 1973 to put into effect the first International Cocoa Agreement which was negotiated in Geneva Switzerland at a United Nations International Cocoa Conference. The International Cocoa Organization is a global organization composed of both cocoa producing and cocoa consuming countries with a membership Formerly, ICCO was headquartered in England London but on September 25, 2015, the International Cocoa Council (ICC) which is the highest authority, unanimously approved the relocation of ICCO from London England together with its secretariat to Abidjan, Cote d'lvoire. This was done in order to be closer to major Cocoa producing regions
The reason why originally ICCO was headquartered in London lies in the fact that in the 19th century the Quaker businessmen entered the Cocoa business and used their skills to improve the living conditions for factory workers as well as making both chocolate and Cocoa inexpensive and available to the locals. Since ICCO establishment in 1973, there have since been seven ICCO Agreements. The Seventh International Cocoa Agreement was negotiated in Geneva in 2010 and came into force provisionally on 1 October 2012.
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International Cocoa Organization
The International Cocoa Organization (ICCO) is a global organization, composed of both cocoa producing and cocoa consuming countries with a membership. Located in London, ICCO was established in 1973 to put into effect the first International Cocoa Agreement which was negotiated in Geneva at a United Nations International Cocoa Conference. There have since been seven Agreements. The Seventh International Cocoa Agreement was negotiated in Geneva in 2010 and came into force provisionally on 1 October 2012.
The ICCO serves as a platform for stakeholders in the global cocoa industry to discuss topics relevant to international cocoa trade. It is a leading source of cocoa statistics globally, with data spanning nearly 70 years. Additionally, the ICCO offers expertise in cocoa market analysis and forecasting, project development and implementation, as well as capacity-building programs for its member countries.
ICCO Member countries represent roughly 86% of world cocoa production and more than 72% of world cocoa consumption. All Members are represented in the International Cocoa Council, the highest governing body of the ICCO.
The Consultative Board consists of fourteen international experts in the cocoa sector, all from the private sector (seven from cocoa producing Member countries and seven from cocoa consuming Member countries). However, the Board, whose mandate is as extensive as that of the International Cocoa Council and comprises all aspects of the world cocoa economy, only functions in an advisory capacity, as all final decisions are taken by the International Cocoa Council. The Consultative Board was established in recognition of the importance of the private sector in the world cocoa economy and of the increasingly important role that trade and industry have been playing in ICCO.
The ICCO also sets forth definitions within the cocoa industry to establish a common ground. Some notable terms include: Sustainable Cocoa Economy, Ethical Cocoa, Fine Flavour Cacao, and Cocoa year.
Overview
The International Cocoa Organization (ICCO) was established in 1973 to put into effect the first International Cocoa Agreement which was negotiated in Geneva Switzerland at a United Nations International Cocoa Conference. The International Cocoa Organization is a global organization composed of both cocoa producing and cocoa consuming countries with a membership Formerly, ICCO was headquartered in England London but on September 25, 2015, the International Cocoa Council (ICC) which is the highest authority, unanimously approved the relocation of ICCO from London England together with its secretariat to Abidjan, Cote d'lvoire. This was done in order to be closer to major Cocoa producing regions
The reason why originally ICCO was headquartered in London lies in the fact that in the 19th century the Quaker businessmen entered the Cocoa business and used their skills to improve the living conditions for factory workers as well as making both chocolate and Cocoa inexpensive and available to the locals. Since ICCO establishment in 1973, there have since been seven ICCO Agreements. The Seventh International Cocoa Agreement was negotiated in Geneva in 2010 and came into force provisionally on 1 October 2012.