August 25, 2011 (China)
 

A brand new training initiative, developed specifically for the Chinese cotton community, will be launched this September in Zhangjiagang, China from 20-22 September 2011 in a joint venture between the International Cotton Association (ICA), Beijing Cotton Outlook Consulting (BCO) and Zhangjiagang Cotton Association (ZCA).

The three-day-seminar will focus on key areas currently impacting on China’s international cotton trade. Each training module will be conducted in Chinese and will be delivered by leading industry experts.

Speaking on behalf of the joint venture group, Dr Robert Jiang, ICA’s China Business Development Officer, explains: “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. 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 todays China cotton import companies have to face by sharing best practice, industry knowledge and practical learning.”

The training is open to individuals of all ages from within the China cotton trade. The training will focus on three specific areas: 1) International cotton trade - what is the fundamental knowledge about the world cotton production, cotton import and export. 2) How to establish trade cooperation, sign an international trade contract and strengthen risk management in a rapidly changing market. 3) How to resolve trade disputes to minimise loss, seek arbitration and what are the arbitration procedures.

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