The ICA has signed and exchanged three more memorandum of understandings (MOUs) to formally acknowledge the alliance and cooperation between organisations.
The ICA’s most recent MOUs include Aid by Trade Foundation with its initiative Cotton Made in Africa (CmiA) (signed earlier this month), the U.S. Cotton Trust Protocol (signed last February) and the International Textile Manufacturers Federation (ITMF) (signed in 2021).
These MOUs will help to foster greater cooperation between organisations and enable them to work more closely on a number of shared goals, which include promoting sanctity of contract; training and visit programmes; information exchange and dissemination; diplomatic initiatives; testing and quality issues.
ICA President, Alex Hsu, explains; “I am very happy that we are growing our list of alliances. Along with our existing MOUs, these latest additions will go a long way in making trading safer, strengthening the relationships between organisations with increased communication and collaboration.”
The ICA also has a formal commitment and bilateral agreement on safe trading with the Better Cotton Initiative (BCI) and existing MOUs with the Cotton Association of India (CAI), China Cotton Association (CCA) and China National Cotton Exchange (CNCE).