Congratulations to the 116 delegates from 75 different companies and organisations who successfully completed this year’s China Cotton Trade Training, which took place on 29-31 August in Nanjing – a city central to textiles in the eastern part of China.
Developed specifically for the Chinese cotton community, the three-day interactive course focused on areas currently impacting on China’s international cotton trade and the global cotton market.
One delegate to benefit from the training was Ms Zhang Yujing, Trading Manager of Henan Tongzhou Cotton Trade Co Ltd:
“Through three days’ training, first we have systematically reviewed the operational framework of the industry and renewed our understanding about the whole cotton chain. Second, through such a gathering, we have acquainted ourselves with both new and old friends, as well as industry managers, laying a foundation for our future business link. Third, we have an opportunity to exchange market information both on and off the classes, as all the delegates are representatives of various segments of today’s cotton industry.”
Jointly organised by the ICA and Beijing Cotton Outlook Consulting (BCO), the training incorporated a series of training modules – each conducted in Chinese and delivered by a leading industry expert – that covered:
- Fundamental knowledge (world cotton market and import/export, major cotton export countries and their characteristics)
- Trading issues (risk management, contract making, futures and options, cotton controlling and testing) and
- Trading rules (dispute resolution, international trading rules, arbitration agreements, arbitration procedures and arbitrator training)
Speaking on behalf of the organisers, Dr Robert Jiang, ICA’s China Business Development Officer, said:
“We are encouraged to see that the Nanjing training has attracted delegates from so many different companies and organisations, which represent the whole production chain. In addition, we have seen many new participants to the industry who are eager to familiarise them with an in-depth knowledge of the cotton trade. Through this occasion they have all benefited from the presenters who were equipped with many years’ experience in the industry. Their mutual friendship and business relationship will undoubtedly continue for many years to come. Going forward, to accommodate those in the south eastern region of China, Taiwan, Hong Kong and other areas, we are planning to hold the next event in Taiwan next year.”
The next China Cotton Trade Training is provisionally scheduled to take place in Taiwan in 2015 – the date and venue are still to be confirmed.