Abidjan, August 20, 2020- The world's two largest cocoa producers, Ivory Coast and Ghana, have created a joint body to improve coordination in research, price setting and to fight against child labour, The Ivorian Government said on Thursday.
The two countries, which produce around 60% of the world's cocoa, have had prior coordination on the issue of cocoa. This new organization marks a formal step towards closer ties.
The entity, known as the Ivory Coast-Ghana Cocoa Initiative (ICCIG) will promote their cocoa industries internationally and defend their collective position in the global market, the Ivorian Government said in a statement.
The organization will allow the two countries to formalise an agreement started three years ago where they make a joint announcement on farmgate prices at the start of the growing season on October 1, a measure aimed at reducing cocoa beans smuggling across their borders.
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