UNCTAD approves International Agreement on Olive Oil & Table Olives

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New decision making arrangements have also been put in place and make a distinction between decisions that must be taken exclusively by consensus and decisions that may be taken by a vote if consensus is not reached. In the second case, decision-making by voting will require a larger or smaller majority depending on the subject matter. The budget structure of the IOC has also been simplified.

During negotiations, the Conference Chairman made a recommendation concerning the Members who were in arrears with the payment of their contributions for exceptional reasons. The Chairman of the IOC pledged to have this recommendation examined from the next session of the IOC Council of Members and to hold specific discussions on the IOC trade rules for olive pomace oils and the types of table olive preparations.

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