Eastern Gate and Madang Cocoa Co-operative Association have established a 20-year agreement to work together for the benefit of farmers and the people of Madang using Cocoa as a catalyst for socio-economic development in Madang Province. The Key Objectives of the Agreement entail the following;
- Establishment of Madang Cocoa Company Limited with the objective of providing higher price to farmers for their cocoa and dividend income through shareholding in the company
- Establishment of the Madang Cocoa Farmers Sustainable Development Program to provide socio-economic returns to farming communities and Madang province at large
- Establishment of the Madang Cocoa Farmers Future Benefit Fund for investment in business and to stimulate economic growth in Madang Province
