The Network of European World Shops (NEWS!) was established in 1994 and represents approximately 3,000 World Shops in 15 European countries. NEWS held the first European World Shops Day, which was later adopted by IFAT as World Fair Trade Day in 2002. In 1997, the Fairtrade Labelling Organizations (FLO) International was created. FLO is responsible for setting international fair trade standards, for certifying production and auditing trade according to these standards and for the labelling of products.