Division ARTICLE I — TERMS OF REFERENCE

The functions of the International Cotton Advisory Committee (hereinafter referred to as ICAC) are:

1. a..

   To observe and keep in close touch with developments affecting the world cotton situation.

2. b..

   To collect, disseminate, and keep complete, authentic and timely statistics and other information relating to world production, trade, consumption, stocks and prices of cotton; and other textile fibers, or of textiles, insofar as they affect the cotton economy and do not duplicate assignments that Members have given to other international bodies.

3. c..

   To suggest to Members of the ICAC, as and when advisable, any measures the ICAC considers suitable and practicable for the furtherance of international collaboration directed towards developing and maintaining a sound world cotton economy.

4. d..

   To be the forum for international discussions on matters related to cotton prices, without, however, prejudicing discussions currently being carried on elsewhere, for example, in the UNCTAD. Such discussions should take place regularly both in the Standing Committee and at annual Plenary Meetings.