UK's International Cotton Association announces 3 new MOUs

19 Jul '22

2 min read

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UK’s International Cotton Association (ICA) has signed three memoranda of understanding (MOUs) to acknowledge the alliance and cooperation between organisations. The ICA’s most recent MOUs include Aid by Trade Foundation with its initiative Cotton Made in Africa (CmiA) (signed earlier this month), the U.S. Cotton Trust Protocol (signed last February) and the International Textile Manufacturers Federation (ITMF) (signed in 2021).

These MOUs will help to foster greater cooperation between organisations and enable them to work more closely on a number of shared goals, which include promoting sanctity of contract; training and visit programmes; information exchange and dissemination; diplomatic initiatives; testing and quality issues, ICA said in a press release.

The ICA also has a formal commitment and bilateral agreement on safe trading with the Better Cotton Initiative (BCI) and existing MOUs with the Cotton Association of India (CAI), China Cotton Association (CCA) and China National Cotton Exchange (CNCE).

“I am very happy that we are growing our list of alliances. Along with our existing MOUs, these latest additions will go a long way in making trading safer, strengthening the relationships between organisations with increased communication and collaboration,” ICA president, Alex Hsu, said.

Established in 1841, the ICA is the world’s leading international cotton trade association and arbitral body.

Fibre2Fashion News Desk (GK)

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