The process of negotiating a new agreement gained new momentum with the price decline to record levels during the 1990/91 and 1991/92 coffee years, and the Council agreed to extend the agreement further until 30 September 1993. At the same time, it decided to set up a working group to examine in detail all proposals and ideas for future coffee cooperation. This led to the creation of a negotiating group to negotiate a new agreement on the basis of a universal system of export quotas. However, despite significant negotiations, it was not possible to reach a satisfactory conclusion before the prescribed date of 31 March 1993. The Council therefore decided in June 1993 to extend the agreement until 30 September 1994 in order to maintain the organisation as a forum for international cooperation on coffee and to have a deadline to negotiate a new agreement. This time, MEPs focused on negotiating an agreement that does not regulate coffee prices. This process was completed with negotiations on the 1994 International Coffee Agreement, which came into force on 1 October 1994. Prior to the initial agreement, the global coffee market was vulnerable to wild price fluctuations, with overproduction often dramatically affecting the incomes of large coffee exporters. In recent years, organizations such as the National Coffee Association have opposed such agreements because they are contrary to free trade (and have likely led to higher prices for consumers). However, in the context of the Cold War, these organizations supported the idea of quotas to support the price of coffee in order to avoid worsening poverty conditions that could open the door to communist influence in developing countries Six major projects worth more than US$50 million were approved between 1995 and 2000. Funding was provided mainly by the EFA, but significant co-financing was secured by other bodies such as the European Union and bilateral donors. Areas covered included improving quality, controlling pests and improving marketing structures. Studies have been conducted in areas such as coffee pricing and volatility, organic coffee and the formation of a global coffee research network.
Seminars were held on coffee and its environmental impacts, and a new body, the Coffee Industry and Trade Associations Forum (CITAF), was created to give a voice to the private sector to allow representatives of industry associations in producing and consumer countries to come together to address issues of common interest. The international agreement on home coffee set quotas limiting world coffee exports to major consumer countries to a total of 45.6 million sachets per year, with Brazil benefiting from a majority of quotas (18 million bags). While it was drafted on September 28, 1962, this agreement was not ratified until 1963. The agreement dictates that the exported coffee contains country of origin certification to guarantee the orgin of the coffee. The agreement aims to promote the economic, social and environmental sustainability of the global coffee sector. The International Coffee Agreement (ICA) is an international product agreement between coffee-producing and consumer countries. It was first signed in 1962 and aims to maintain the quotas of exporting countries and keep coffee prices high and stable in the market, mainly using export quotas to control prices.  The International Coffee Organization, the monitoring body for the agreement, represents all major coffee-producing countries and most consumer countries. The current ICA 2007 came into force on February 2, 2011, when it was approved by two-thirds of the signatories of export and import governments.  As of 2013[update], it has 51 members, including 44 exporting members, and 7 imports (the European Union represents all of its 28 Member States).  According to the ICO, its members account for 98% of total coffee production and 67% of consumption.
 In this context, the agreement