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Trade Talk | April 2018

ICA delegation visits CAI

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) on February 27, 2018 and met the CAI team led by its President, Atul S Ganatra.

The CAI President 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 roadshow on ICA by-laws and rules at the domestic conference being organised by CAI on September 2, 2018, visit of ICA delegation to Maharashtra to coincide with the said CAI domestic conference on September 2, 2018, harmonising 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.

Earlier a dinner was hosted by the CAI on February 26, 2018 in honour of the ICA team. Both the ICA and CAI have an MoU 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 the ICA and CAI 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.

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