International Coffee Agreement
1962 international commodity agreement / From Wikipedia, the free encyclopedia
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The International Coffee Agreement (ICA) is an international commodity agreement between coffee producing countries and consuming countries. First signed in 1962, it was originally aimed at maintaining exporting countries' quotas and keeping coffee prices high and stable in the market,[1] mainly using export quotas to steer the price.[2] The International Coffee Organization, the controlling body of the agreement, represents all major coffee producing countries and most consuming countries.
The current 2007 agreement has 42 exporting members and 7 importing (the European Union represents all its member states as one member).[3]