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Acceptance
* See Instruments of acceptance, accession, approval or ratification
AREAS: COFFEE CATEGORIES: ICO
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Accession
A means of becoming Party to the Agreement. Conditions for accession are established by the Council. * See also Contracting Party; Instruments of acceptance, accession, approval or ratification
AREAS: COFFEE CATEGORIES: ICO
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Adjustment of quotas
The adjustment of quotas in response to movements in the composite indicator price or in the indicator prices of the principal groups of coffee. For this purpose, indicator prices are collected daily in accordance with procedures established under the Agreement. The system includes provisions regarding price ranges, the number of market days over which counts are held and the number and size of adjustments. Adjustments are applied pro rata and may be downward, involving a cut in quotas, or upward, involving an increase in quotas. Under the terms of the 1983 Agreement, annual and quarterly quotas may also be varied by the Council if market conditions so require. * See also Counts; Pro-rata adjustments to quotas; Quotas; Selectivity; Indicator prices
AREAS: COFFEE CATEGORIES: ICO
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Agent
A firm or person appointed by the Executive Director to carry out specific duties related to the operation of the Agreement, for instance, in relation to controls or the verification of stocks.
AREAS: COFFEE CATEGORIES: ICO
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Allocation of annual quotas
The annual distribution of quotas among exporting Members in accordance with the proportions specified in the Agreement. * See also Quotas
AREAS: COFFEE CATEGORIES: ICO
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Annual
For the purposes of the Agreement the word "annual" may mean any period of 12 months established by the Council.
AREAS: COFFEE CATEGORIES: ICO
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Annual quotas
* See Quotas
AREAS: COFFEE CATEGORIES: ICO
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Approval
* See Instruments of acceptance, accession, approval or ratification
AREAS: COFFEE CATEGORIES: ICO
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Assurance of supply
Provisions designed to ensure that supplies of coffee are made available to the market. One of the objectives of the Agreement is to assure adequate supplies of coffee to consumers at fair prices. * See also Regulation of supply; Supply
AREAS: COFFEE CATEGORIES: ICO
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Availability for export
The exportable production of an exporting country in a given coffee or crop year, plus accumulated stocks from previous years.
AREAS: COFFEE CATEGORIES: ICO
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Bag
As defined in the Agreement, a bag means 60 kilogrammes or 132.276 pounds of coffee. Some exporting Members use bags of 70 kg or other weights for their exports.
AREAS: COFFEE CATEGORIES: ICO
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Basic quotas
* See Quotas
AREAS: COFFEE CATEGORIES: ICO
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