A victory for Fair Trade proponents everywhere!
A year after rejoining the International Coffee Organization (ICO), the United States has proposed reforms to help small producers, the Office of the U.S. Trade Representative (USTR) says.
A May 22 USTR press release says the reforms would assist small coffee farmers cope with unpredictable market conditions.
The United States submitted its proposal ahead of the May 22-25 meeting of the ICO Executive Board in London. An intergovernmental organization of coffee-exporting and importing countries, the ICO is considering changes to its expiring charter, the International Coffee Agreement.
That 2001 charter marked a sharp departure from ICO's long-standing practice of managing markets and trade to bolster coffee prices. The United States, which helped create the ICO in 1962 but left it in 1993, rejoined the organization in 2005.