Liberia Accedes To Cocoa Agreement

Liberia has acceded to the International Cocoa Agreement which came into effect in October 1, 2010.

In the Instrument of Acceptance, Liberia’s Foreign Minister, Augustine Ngafuan, declared that the Government of the Republic of Liberia, having considered the provisions of the Agreement was pleased to deposit its instrument of acceptance and that as an exporting country, Liberia undertakes faithfully to perform and carry out the provisions contained therein.

Depositing the instrument  on behalf of Liberia, Ambassador Marjon Kamara, Permanent Representative of Liberia to the United Nations said that the Government of Liberia wishes to notify the depository  that , in accordance with its constitutional procedures /or national   laws and regulations, the said agreement will be applied provisionally pending the ratification process.

The objectives of International Cocoa Agreement among other things are to promote international cooperation in the world cocoa economy, as well as encourage consumption of chocolate and cocoa-based products in order to increase demand for cocoa. So far only 12 countries, including Liberia have acceded to the Agreement. European Union has also acceded.

Meanwhile, the Chief of the UN Treaty Section, Mr. Santiago Villalpando, has commended Liberia for acceding to the Treaty and urged other Member States to follow the example in the light of what he described as significant boost to the global cocoa market/industry.