Subsequently, in 1948, it was agreed to replace the original Executive Committee with a Standing Committee in which all countries would have a voice. Any other government expressing an interest in cotton shall be eligible to apply for membership. Forty percent of the total assessments is shared equally among member countries. The remaining 60 percent is allocated based on the average trade in raw cotton in the four most recent cotton years. At the invitation of a member government, Plenary Meetings of the Advisory Committee are held each year.
Meetings alternate as much as possible between cotton exporting and importing countries.
A provisional agenda and time schedule for each plenary meeting is prepared by the Standing Committee. Provision is made for the exchange of information on the cotton situation in various countries and for discussions on international policy matters. Since the mid-1960's, technical seminars on subjects of interest to research workers have been held as a part of the Plenary Meeting. The Secretariat of the Committee publishes the formal Proceedings of each Plenary Meeting. The official languages of the ICAC are Arabic, English, French, Russian and Spanish.