By Our Staff Reporter | MUMBAI, MAR. 04
A two-member delegation from International Cotton Association Ltd. (ICA), Liverpool consisting of its President, Mr. Salman Ispahani and Managing Director, Mr. Bill Kingdon visited the Cotton Association of India (CAI) last week.
During the visit, CAI team led by its President, Mr. Atul S. Ganatra took the visiting delegates on tour of the imposing and historic premises of the Association. The issues discussed between the ICA and CAI include a proposal for organising a training programme on ICE futures in Mumbai, organising a road show on ICA By-laws and Rules at the domestic conference being organised by CAI on 2nd September 2018.
Visit of ICA delegation to Maharashtra to coincide with the said CAI domestic conference on 2nd September 2018, harmonizing 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 the CAI recommended arbitrators and conciliators from India on the panel of ICA, etc. Both parties have mutually agreed to review progress in the activities of cooperation between each other from time to time.
Both the ICA and CAI 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 and effectively.
The areas of cooperation between both include organising yearly meetings to discuss issues of mutual interest and further ways to increase cooperation between each other, visits of delegation and organising training programmes; information exchange and dissemination, liaisoning with Government, apprising quality related issues and speedy resolution of issues faced by each other’s members, etc. (Source: Tecoya Trend)