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

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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