ICA Completes China Cotton Training Program
October 4, 2011 The International Cotton Association (ICA) had an excellent turnout for its 2011 China International Cotton Trade Training Course, which was held in Zhangjiagang Sept. 20-22. More than 150 delegates from 16 different provinces and countries took part.
In a joint venture between the ICA, Beijing Cotton Outlook Consulting and the Zhangjiagang Cotton Association (ZCA), the three-day-seminar was developed specifically for the Chinese cotton community, with training focusing on those key areas currently impacting on China’s international cotton trade and the global cotton market.
Speaking after the event, on behalf of the joint venture group, Dr. Robert Jiang, ICA’s China business development officer, said: “The response to this first ‘China International Cotton Trade Training Course’ has been very encouraging. We originally targeted for 100 delegates to attend, but we were overwhelmed by the response. In the end, we had to limit the number to 150, which helped to maintain the integrity of the course and created a good atmosphere within the class.”
Each training module was conducted in Chinese and delivered by a leading industry expert. The first session focused on cotton growing and production, trading data and trends, and textile industry requirements. Session two covered trading with various countries, futures and options, and creating contracts. The third session incorporated cotton classing, high-volume instrument (HVI) testing, controlling, banking and insurance. The final session looked at the ICA trading rules and arbitration process.
In addition, there was a visit to Zhangjiagang’s China Entry-Exit Inspection and Quarantine (CIQ) laboratory, its raw materials market, free port zone and cotton warehouses to see the latest development in cotton testing, trading and logistics.
Throughout the three days, the delegates were actively involved in discussions and question and answer sessions, which created an interactive atmosphere and an opportunity to exchange ideas as well as gain knowledge.
“The feedback from the delegates has been very positive,” Dr. Jiang says. “Good presentations, a receptive audience and interactive discussions all contributed to an unforgettable experience. We definitely plan to hold another training event in China in the not-too-distant future to fulfill the demand from the cotton industry.”
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