President Muhammadu Buhari has ratified and confirmed the International Coffee Agreement, 2007, following the Federal Executive Council (FEC) approval of Nigeria’s membership of the International Coffee Organization (ICO).
A statement issued by Garba Shehu, Senior Special Assistant to the President (Media & Publicity) Thursday, informed that the president took the action last Tuesday.
The statement said that the FEC meeting had drawn a conclusion on the agreement on October 21, 2020, with emphasis on Conclusion 10 which approved the preparation of the Instrument of Ratification of Nigeria’s membership of the International Coffee Organization and International Coffee Agreement of 2007.
The statement explained that the 2007 Agreement will strengthen the ICO’s role as a forum for intergovernmental consultations, facilitate international trade through increased transparency and access to relevant information, and promote a sustainable coffee economy for the benefit of all stakeholders and particularly of small-scale farmers in coffee-producing countries.
Similarly, it pointed out that the agreement is an important instrument for development cooperation and will provide the legal framework for core activities undertaken by the Organization in the future.
The Instrument of Ratification was prepared by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, the statement added.
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