Establishment of the Economics Committee
Article 27
1. An Economics Committee is hereby established. The Economics Committee shall: (a) Review cocoa statistics and statistical analyses of cocoa production and consumption, stocks and grindings, international trade and cocoa prices; (b) Examine analyses of market trends and of other factors influencing such trends, with particular regard to cocoa supply and demand, including the effect of the use of cocoa butter substitutes on consumption and on the international cocoa trade; (c) Analyse information on market access for cocoa and cocoa products in producing and consuming countries including information on tariff and non-tariff barriers as well as the activities undertaken by Members with the view to promoting the elimination of trade barriers; (d) Examine and recommend to the Council projects for funding by the Common Fund for Commodities (CFC) or other donor agencies; (e) Address issues regarding the economic dimension of sustainable development in the cocoa economy; (f) Review the draft annual work programme of the Organization in cooperation with the Administration and Finance Committee as appropriate; (g) Prepare international cocoa conferences and seminars, at the request of the Council; and (h) Deal with any other matters as approved by the Council. 2. The Economics Committee shall submit recommendations on the above matters to the Council. 3. The Council shall establish the rules and regulations of the Economics Committee.