The International Sugar Organization is an intergovernmental organization, based in London, which was established by the International Sugar Agreement of 1968, as the body responsible for administering the Agreement. Unlike its predecessors under pre-1968 versions of the International Sugar Agreement, it does not have the power to regulate the international sugar trade by price-setting or export quotas but seeks to promote the trade in and consumption of sugar by gathering and publishing information on the sugar market, research into new uses for sugar and related products and as a forum for intergovernmental discussions on sugar. As of September 2011, its membership consisted of the European Union

European Union

The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

and 59 other countries.