Home / Knowledge / News / Textiles / ICA organises cotton summit in Turkey
ICA organises cotton summit in Turkey
28
Jul '10
More than 125 members of the Turkish cotton community attended the 'ICA Cotton Trade Information Summit' at the Kahramanmaras Chamber of Industry and Trade on 28 June 2010.

Taking the form of a workshop and an open forum session, the event was organised by KASIAD - Kahramanmaras Business Trade Community and hosted by the International Cotton Association (ICA).

Designed to engage and hear the views of the local cotton community and help generate a greater understanding of the principles of contract sanctity, ICA Rules and arbitration procedures, the event was open to both ICA members and non-members and it was free to attend.

At the summit, Ertugrul Tanriverdi, ICA Director and Vice President of Ensar Tekstil - a spinning company based in Turkey - welcomed the delegation. During his address, Ertugrul highlighted the fact that cotton production in Turkey does not meet consumption: "Last year, our production was 1,800,000 bales and consumption was 5,600,000," he explained. "If we calculate the difference in volume, it is about $1.5 billion dollars shortfall. We currently have just four Turkish firms who are members of the ICA. I believe we should definitely increase participation - if we do not participate on the ruling platform, we will not be a voice in the solution."

Abdulkadir Kurtul, president of KASIAD, echoed Ertugrul's message. He stated that Turkey and Kahramanmaras are in strong position in cotton and reminded delegates that, in the past, Turkey had a very important position in cotton production. "We really do not have any problem with consumption," he said. "This shows our leadership in the textile business. But our country should be at a balance between production and consumption. The cotton is a strategic product to Turkey, therefore production problems must be solved if the voice of Turkish cotton producers is to be heard."

ICA President, Cliff White and ICA Managing Director, Kai Hughes went on to deliver presentations that focused on the trading rules, contract agreements, arbitration and dispute resolution. During the open forum session, they took questions from the floor and reinforced the message that ICA Rules are not designed to limit trade - they serve as a guideline for the trade and are the basis of contract agreements.

Speaking after the summit Cliff White said: "We want to pass on our sincere thanks to everybody at KASIAD and to Ertugrul Tanriverdi for organising the event. We are very pleased with the number of delegates that attended and sincerely hope that they decide to join us. The overriding objective of the ICA is to promote contract sanctity through good trading practices. We can only truly achieve this through communication, education and engagement with participants across the industry spectrum and that is what this summit has been all about."

International Cotton Association (ICA)


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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