ICA Plans Cotton Seminar in China for September 2011

By Jim.Robinson|August 25, 2011

Given its position as the world’s largest producer, consumer and importer of cotton, China is always a topic of high interest among industry professionals. But the international community is also of great interest to the Chinese industry, so it should come as no surprise that The International Cotton Association (ICA) has created a three-day training program to address several key areas currently impacting China’s international cotton trade. The initiative, developed specifically for the Chinese cotton community, will be held Sept. 20-22 in Zhangjiagang, China, as a joint venture between ICA, Beijing Cotton Outlook Consulting, and the Zhangjiagang Cotton Association.

“During the 2010/2011 season, the global cotton market has endured a ‘rollercoaster ride,’ and we have experienced a dramatic rise and fall of the cotton price,” says Dr. Robert Jiang, ICA’s China business development officer. “This has greatly tested every cotton firm on their assessment of the market and their risk management. With such an uncertainty in cotton prices, many firms have suffered difficulty and even tremendous losses. This training has been developed to address the important issues today’s China cotton import companies have to face by sharing best practice, industry knowledge and practical learning.”

Each training module, which will be conducted in Chinese and will be delivered by leading industry experts, is open to individuals of all ages from within the China cotton trade. The training will focus on three specific areas:

The international cotton trade: What is the fundamental knowledge about the world cotton production, cotton import and export;
How to establish trade cooperation, sign an international trade contract and strengthen risk management in a rapidly changing market; and
How to resolve trade disputes to minimize loss, seek arbitration and what are the arbitration procedures.

“We are extremely excited by this new venture,” Dr. Jiang says. “We believe that the training will have a very positive impact and we are confident that the benefits will be far reaching.”