ICA advise importers to trade under its by-laws and rules

The International Cotton Association (ICA) ensure safe trading environment and protect the legitimate interests of both buyers and sellers has advised importers to trade the commodity under its by-laws and rules.

ICA President Mirza Salman Ispahani during his visit to All Pakistan Textile Mills Association’s (Aptma) headquarters on Thursday, said that 90 percent of the world cotton is traded under its by-laws and rules as the association has internationally recognised arbitration system and its awards can be enforced through courts in majority of the countries.

Aptma Senior Vice-Chairman Zahid Mazhar said that cotton crop has failed for the third consecutive year, but if the government adopts serious measures the country can produce 15 million bales, which was earlier achieved in 2014-15. There is also an urgent need to improve seed quality and other inputs for increasing crop yield.

Exports of cotton and its products earn up to 62pc of the total annual export proceeds of the country.

Recent Posts

Mellowdrama launches repurposed fabric waste

Mellowdrama has launched its latest ready-to-wear collection, ‘AlterEgo,’ using repurposed fabric waste focusing on themes of individuality and self-expression.

2 days ago

DRDO Partners to advance defence textile technologies

DRDO, Indian Institute of Technology Delhi, and 10 companies have signed agreements to develop and produce advanced textile-based products for…

2 days ago

Milliken & Company offers non-PFAS turnout gear fabrics

Milliken & Company has announced that it is the first textile manufacturer to provide non-PFAS materials for all three layers…

2 days ago

Evaya unveils GOTS-certified sleep product line

Evaya Organics proudly introduces a line of sleep products designed to promote better sleep while prioritizing health and environmental sustainability.

3 days ago

Benin’s organic cotton initiative moves into second phase

An initiative in Benin is helping small-scale farmers transition to organic cotton farming under the Cotton made in Africa Organic…

3 days ago

Lenzing, CPL and Oniverse launch biobased acetic acid for dyeing

Lenzing has joined forces with CPL Prodotti Chimici and Oniverse to introduce biobased acetic acid as a sustainable alternative for…

4 days ago