CAI, ICA Teams Meet And Plan Further Mutual Cooperation For Global Cotton Markets

Natural Fibers

CAI, ICA Teams Meet And Plan Further Mutual Cooperation For Global Cotton Markets

A two-member delegation from International Cotton Association Ltd. (ICA) Liverpool consisting of its president Salman Ispahani and Managing Director Bill Kingdon visited the Cotton Association of India (CAI) recently and met the CAI team led by President Atul S Ganatra.

The CAI Presdient took the visiting delegates on tour of the imposing and historic premises of the Association. The issues discussed between the ICA and CAI included a proposal for organizing a training program on ICE futures in Mumbai; organizing a road show on ICA by-laws and rules at the CAI venue. The road show is slated for September 2, 2018. Also planned is the harmonizing of of CAI by-laws with ICA; not allowing parties appearing in the CICCA unfulfilled award list to become CAI members, certification of one or more testing facility by ICA Bremen and use thereof for the purpose of dispute redressal by ICA, appointment of CAI recommended arbitrators and conciliators from India on the panel of ICA and so on.

Both parties have mutually agreed to review progress in the activities of cooperation between each other from time to time.

Earlier, a dinner was hosted by the CAI in honour of the ICA team. Both the CAI and ICA have a memorandum of understanding since 2014 to combine efforts to promote better cotton trading practices, upholding sanctity of contracts and to pursue the cause of cotton globally effectively.

The areas of cooperation between ICA and CAI include organizing yearly meetings to discuss issues of mutual interest and further ways to increase cooperation between each other; visits of delegations; organizing training programs; information exchange and dissemination; liaisoning with government; apprising quality related issues and speedy resolution of issues faced by each other’s members.