International Coffee Agreement , ICA (skrót)

Since an international coffee agreement was suspended two months ago, prices have plunged more than 40 percent on Colombia's leading legal export.

In 1989 the protective regulations from the International Coffee Agreement were suspended.

Producers sought ways to maintain the price, this led to the first International Coffee Agreement.

But it will lose $500 million each year because of the United States-inspired dissolution of an international coffee agreement.

Colombia also suffers from a decline in coffee prices that followed the collapse of the International Coffee Agreement last year.

The economy of El Salvador was damaged enough by the drastic fall in coffee prices after the collapse of the international coffee agreement.

The former International Coffee Agreement was abandoned in July 1988, opening the way to a flood of sales and a drop in prices.

The International Coffee Agreement fell apart in 1989 because Brazil refused to lower its quota from 30 percent of world production in tons.

Colombia is pressing Washington to renew the International Coffee Agreement, which expired last July, and to cancel anti-dumping duties on cut flowers.

In order to stem communist revolutions in South America, the United States enters into the International Coffee Agreement.

Last month's collapse of the International Coffee Agreement knocked 30 percent off coffee's value, pushing prices to their lowest levels in more than 40 years, after accounting for inflation.

Mr. Talbot said the instability in coffee prices had been caused in large part by the cancellation of the International Coffee Agreement in 1989.

The International Coffee Agreement (ICA) is an international commodity agreement between coffee producing countries and consuming countries.

Prior to Fair trade, prices were regulated by the International Coffee Organization according to the regulations set forth by the International Coffee Agreement of 1962.

The International Coffee Organization voted yesterday in favor of the request by Brazil for a special July 23 meeting to discuss its position on an international coffee agreement.

Consumers' change in taste towards milder and higher quality coffee triggered a disagreement over export quotas of the International Coffee Agreement in the end of the 1980s.

But under pressure from American coffee makers for more advantageous prices and different mixes of beans, the United States has walked away from an international coffee agreement on price supports.

Breakup of Coffee Pact The main blow to coffee producer prices came from the breakup of the International Coffee Agreement in July 1989.

Colombia and the United States are both members of the International Coffee Agreement, a 74-nation group of producers and consumers that regulates coffee prices by regulating total exports.

Arturo Gómez (1958-1982), was the leader of the international economic policy in the global markets and the "Convenios Internacionales del Café" (International Coffee Agreement).

The country is 90 percent dependent on coffee for its export earnings at a time when prices continue to slump and Uganda's share in the International Coffee Agreement is very small.

A two-year extension of the International Coffee Agreement has received the necessary backing of importing and exporting nations, allowing it to take effect without new provisions for price supports, officials said today.

The collapse of the International Coffee Agreement in 1989 quickly led to a doubling of exports by the former Zaire, whereupon the surplus entering the world market drove down prices rapidly.

Despite the 1989 collapse of the International Coffee Agreement, a Government subsidy program in Colombia pushed that nation's annual crop up 42 percent, to 17 million bags last year, from 12 million.

The reasons for this decline included a collapse of the International Coffee Agreement of 1962-1989 with Cold War pressures, which had held the minimum coffee price at US$1.20 per pound.