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ICA supports cotton traders in Bangladesh

According to the International Cotton Association (ICA) leaders, in view of growing consumption of cotton in Bangladesh, the platform wants to provide a wide range of mediation and training support for trade associations and individual mills to ensure safe trading under ICA bylaws.

ICA officials say that the future of textile industry in Bangladesh is bright and the ICA is in Bangladesh to strengthen the bonds between the association and Bangladeshi spinning and textile sectors as the country is now the second largest cotton importer.

The ICA has training programs in Liverpool and they have visited Bangladesh several times and done training programs so that parties could know what are right and about the obligations. Rules are very important aspect here in Bangladesh because 100 per cent of cotton which is bought in Bangladesh is contracted under the ICA bylaws and rules, so the parties should better know under which rules and bylaws they buy a product.

ICA plays a vital role for Bangladesh textile sector and cotton worth over $2 billion is being imported to Bangladesh under ICA rules and bylaws. Bangladesh imports about four million bales of cotton per year.