#Raw Materials
The European Union (EU) is now a member of ICAC
In the current season, the EU is the 11th largest producer and 6th largest exporter of cotton, and the EU is the largest market for textiles in the world. The European Union itself, and many individual countries and companies within the EU, are significant providers of cotton-specific development assistance in recipient countries.
Following the vote of the European Parliament on May 16, the Council of the European Union approved the accession of the EU to the ICAC on May 18, 2017, the final step needed to complete the accession process. H.E. Ambassador Pierre Clive Agius of Malta (Malta currently holding the rotating Presidency of the EU) formally presented the Instrument of Accession to Minister (Trade) Ali Tahir of the Embassy of Pakistan and ranking member of the ICAC Standing Committee on May 24, 2017.
The Standing Committee confirmed the membership of the EU at its 549th Meeting.
The European Commissioner for International Cooperation and Development, Neven Mimica, commented: "The EU's accession to the International Cotton Advisory Committee is an important step, coming only one month after we presented a set of focused actions to make value chains in the garment sector more sustainable. As a member, we will continue to work for a sustainable and inclusivecotton sector, ensuring decent jobs for all. Cotton is important both to the EU's economy and our development cooperation with cotton producing countries."
