Trade minister elected president of Int’l Cocoa Council.

Trade minister during conference

The Minister of Trade, Luc Magloire Mbarga Atangana, has been elected to lead the International Cocoa Council for the 2024/2025 term. 

The minister was elected following a unanimous decision by both producer and importer countries.



This was during the closing of the 110th session of the organisation held in Abidjan on September 26.

In his address delivered via video conference, Cameroon’s Trade boss and newly elected president of the Council expressed gratitude for the prestigious honour via videoconference. 

He highlighted the urgent need for serious commitment and engagement in the wake of the challenges facing the global cocoa economy, which he described as being at a crossroads.

Minister Mbarga Atangana identified pressing issues to be tackled, including the implementation of new European regulations on deforestation.

"This is not just a matter of a decision by the European Union; its execution will require us to ensure that we continue to assert our viewpoints and propose our future recommendations,” he stated.

The emphasis on cooperation between producing and importing countries was underscored, as he recognised the importance of a collaborative approach to address the sector's challenges.

In addition, Minister Mbarga Atangana underscored the importance of fostering partnerships between cocoa-producing and importing countries, noting that cooperation, rather than competition, should define relationships within the industry. 

He said transparency, dialogue and fairness, particularly concerning the remuneration of cocoa farmers, will be central to Cameroon’s presidency. 

"The issue of justice, equity, and transparency in the distribution of value, and thus fair remuneration for producers, will be at the heart of Cameroon’s mandate," he stated.

The government official called for mutual understanding between the industry and producers, stressing the need for a balanced approach that benefits both sides.

He invited industry leaders to visit Cameroon to experience the realities on the ground and engage directly with producers. This, he believes, will foster more meaningful collaborations and agreements that align with the legitimate interests of all actors in the cocoa value chain.

On their path, the council expressed its confidence in Cameroon’s leadership.

According to experts, the election reflects the growing prominence of Cameroon on the international stage, further enhancing the nation’s reputation under the leadership of President Paul Biya.

Cameroon’s presidency, officials say is expected to play a key role in shaping the future of the global cocoa industry, ensuring that the voices of cocoa producers are heard and that their work is fairly rewarded.

The focus on shared profitability within the cocoa sector, particularly ensuring that farmers receive equitable compensation, has garnered support from both producing and importing countries.

 

This story was first published in The Guardian Post Edition No:3245 of Monday September 30, 2024

 

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