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

Related Keywords: advised importers to trade the commodity, both buyers and sellers, ensure safe trading environment, ICA, International cotton Association, protect the legitimate interests, 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.

Pakistan cotton economy hit due to ICA biased trading rules

Related Keywords: affecting badly local textile industry, APTMA, awareness on ICA rules and regulations, biased trading rules, cotton trade, ICA, import of Indian cotton, training of cotton importers, urgent need of the hour

The Chairman APTMA S M Tanveer during his meeting with the International Cotton Association (ICA) President stated the awareness on the ICA rules and regulations and training of the cotton importers was an urgent need of the hour. The ICA rule 219 consisting of biased trading rules, has been affecting badly the local textile industry in terms of import of cotton from India.

Besides this he also discussed issues relating to shipment delays, quality assurance and defaulters in the ICA list which are presently being faced by the APTMA members in their day to day cotton trade.

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