With a view to combine efforts to promote good cotton trading practices, upholding sanctity of contracts and pursuing the cause of cotton globally and more effectively, the Cotton Association of India (CAI) and China Cotton Association (CCA) have signed a memorandum of understanding (MoU). It was signed at the China International Conference in Chongqing.
The MoU established between the CCA and CAI, the apex cotton body representing all segments of the Indian cotton value chain and an arbitral body since 1921, envisages co-operation on a host of matters relating to cotton including regular exchange of delegations between the two associations, training, information exchange and dissemination, speedy resolution of members’ issues, etc. and will go a long way in making cotton trading safer.
Source: www.fiber2fashion.com