Home / Knowledge / News / Textiles / ICA & CCA sign Memorandum of Understanding
ICA & CCA sign Memorandum of Understanding
28
May '10
The International Cotton Association (ICA) President, Mr Cliff White and CCA Executive Vice President, Ms Gao Fang have signed and exchanged a Memorandum of Understanding (MOU) to formally acknowledge the cooperation between the two associations.

The MOU was signed on May 8th at the CCA and ICA joint forum on international cotton trading, which was held during the China International Cotton Conference in Sanya.

Speaking after the event, Cliff White explained: "Based on the spirit of equality, mutual benefit and friendly cooperation, the purpose of the MOU is to uphold contract sanctity, safeguard the operation of trade and improve the trading environment."

"We know that mutual understanding and cooperation is crucial to strengthening international ties and we believe that having the MOU in place will lead to a better understanding of the trading rules, more effective dispute resolution and, ultimately, help to reduce the list of unfulfilled awards. It is another milestone in the history of the ICA and one that I am proud to have been part of. Signing the memorandum is a very positive step forward for both associations and our members."

Gao Fang added: "Since its establishment, CCA has continuously had a good, cooperative relationship with ICA, dedicated to maintaining order in the international cotton trade. The signing of the MOU will strengthen the cooperation and exchange between the two associations in the areas of international trading rules, list of unfulfilled awards and the resolution of disputes between the members of the two associations. The signing of the MOU helps this cooperation to become a long term and effective mechanism. It will also help to further improve the mechanism for resolving cotton trade disputes, improve the trading environment and safeguard the legitimate interests of trading partners."

Nearly 100 representatives from domestic and overseas cotton firms and organisations attended the CCA and ICA joint forum and witnessed the signing of the MOU. The forum was open to senior representatives from major Chinese cotton firms and ICA members and covered a number of key topics - including trading rules, contracting and arbitration.

It provided an opportunity for dialogue and culminated in an interactive question and answer session, which helped to gain a greater appreciation of the problems faced by Chinese cotton firms and enabled the ICA to provide clarification of how the ICA Bylaws and Rules would be applied in these situations. Cliff White and Gao Fang were supported during the forum by other key members of the ICA and CCA.

The International Cotton Association

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X