Related Keywords: arbitration, buy raw cotton, current methods of negotiation, high price volatility, International cotton Association, introduce mediation service, over reneged contracts, speedier tool, trade houses
The Liverpool, England-based International Cotton Association (ICA) expels members that deal with companies that are blacklisted for defaulting on contracts plans to introduce mediation services to help resolve disputes over reneged contracts that have blocked hundreds of blacklisted firms from doing business. The mediation would be speedier tool to resolve disputes, in addition to the current methods of negotiation and arbitration.
