Cotton & Textile Associations urge they have now come together to promote a common value set and a collective commitment to safe trading and contract sanctity across the global cotton community.
UK-based Committee for International Cooperation Between Cotton Associations (CICCA) and International Cotton Association (ICA), US-based International Cotton Advisory Committee (ICAC) and Switzerland-based International Textile Manufacturers Federation (ITMF), The Better Cotton Initiative (BCI), have called for collaborative action to work together to address the threat of the COVID-19 crisis.
According to a press release issued by the ICA, the decline in cotton demand due to Covid-19 and the preventive measures being taken around the world are affecting the cotton and textile sectors from end to end.
The organizations called on all those related in the cotton and textile value chains to take action that would contribute to the recovery of the sectors started in 2021;Communicate, collaborate and respond to the needs of their counter parties ; Continue to respect the trade rules that govern the sector; Identify and promote positive behaviors; And identifies and and identify and call out negative, counter-productive commercial behaviors.
They also called for mutual agreements that remember their commitment to the long-term health of the international cotton and textile trade and the principles of fair and equitable trade based on them.