(IOC), drawn up in 1986, amended in 1993 and since extended several times, focuses on international cooperation and trade, good labour relations, price stability, market transparency, sales promotion, research, quality improvement, limiting environmental effects and standardisation.
The International Olive Council (IOC) in Madrid, 75 percent of whose costs are borne by the EU, was specifically established to supervise adherence to the agreement. The agreement consequently regulates the structure, authorities and activities of the IOC.
On 29 April 2005, the United Nations Conference for the negotiations of a successor to the existing International Agreement on Olive Oil and Table Olives, 1986, adopted the new International Agreement on Olive Oil and Table Olives, 2005 (IAO).
Ten years later, on 9 October 2015, the parties agreed on a new IAO. The Council of the European Union on 10 October 2016 empowered its Chairman to appoint the individuals authorised to sign this agreement on behalf of the EU.
Click here for the text of the 2015 International Agreement on Olive Oil and Table Olives.