Home / Knowledge / News / Textiles / Australian wool growers peg high hopes on Sanya conference
Australian wool growers peg high hopes on Sanya conference
18
Sep '12
Australian wool producers have high hopes from the wool conference that kicked off last week with participants from all across the globe discussing wool trade in Sanya, located in Hainan province of China.
 
Australian wool growers are of the opinion that the 24th International Wool Trade Fair and Information Conference, aimed at discussing the global wool trade, would benefit them as wool delegates, including producers, weavers, spinners, brokers and agents and representatives of international wool boards, are participating in the event.
 
The wool trade fair furthers a common platform to Chinese and global wool exporters for networking and even more importantly for trade purposes.
 
According to Australian wool producers much business is done during the conference as it facilitates direct interaction between buyers and sellers, and hence they eye an opportunity to benefit from the same, as more business would follow.
 
Following reduced activity from Chinese wool market over the past two months, Australian industry circles have developed a view that Chinese buyers have been reserving some orders to be placed at the conference. In spite of knowing that this could also have an adverse impact, Australian industry experts are taking it positively.
 
In the course of the conference, Australia and China would also sign a review of terms and conditions of mutual trade, which is seen to benefit Australia in a big way.
 
For quite some time, Australia had been actively trying to get some changes incorporated in the terms and conditions related to dispute resolution and arbitration. 
 
Traditionally, China has been working outside some rules and regulations of the International Wool Textile Organization (IWTO) pertaining to dispute resolution. However, Australia has finally negotiated some changes, which would see China now adhering to the IWTO’s dispute resolution procedures.
 
As of now, if a buyer and a seller fail to strike a consensus, they need to use a legalistic and costly dispute resolution process managed by a Chinese organization – the China International Economic and Trade Arbitration Commission.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X