On the proposal for a Council decision on the approval of amendments to the International Cocoa Agreement
INTA-PR-782183
Committee on International Trade · Rapporteur: Bernd Lange
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The draft report recommends that Parliament consent to the Council decision approving amendments to the International Cocoa Agreement, which aim to strengthen the cocoa sector and promote sustainable development.¶¶¶
Committee position. The rapporteur recommends that Parliament give its consent to the conclusion of the Agreement, without prejudice to its democratic right of continuous scrutiny.¶
Key points
- The amendments make the Agreement indefinite in duration, subject to review every five years, to bring stability and sustainability to initiatives.¶
- The amendments realign the Agreement with the Sustainable Development Goals to accelerate development of the world cocoa economy.
- The amendments introduce a key objective of achieving a living income for cocoa farmers and reference remunerative prices for economic sustainability.
- The amendments add three new articles outlining measures under economic, social, and environmental pillars of sustainability.
- The amendments reinvigorate attention on value addition, premium quality, and food safety, and support research and innovation in the cocoa value chain.
- The amendments expand cooperation with donor agencies for financing cocoa development projects.
Who is affected
Legal basis: Article 207(3) and (4), first subparagraph, and Article 218(6), second subparagraph, point (a)(v), of the Treaty on the Functioning of the European Union¶