To acknowledge the alliance between organizations, the International Cotton Association (ICA) has signed three more memorandum of understandings (MoUs). The most recent MoUs signed by ICA 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 organizations collaborate with each other to work towards a number shared goals including promotion of sanctity of contract; training and visit programs; information exchange and dissemination; diplomatic initiatives; testing and quality issues. They will make trading safer besides strengthening the relationships between organizations with increased communication and collaboration, says Alex Hsu, President, ICA.
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).