The 2011 China International Cotton Trade Training
Course in Zhangjiagang has successfully concluded, with 150 delegates from 16
different provinces and countries taking part.
In a joint venture between
the International Cotton Association (ICA), Beijing Cotton Outlook Consulting
(BCO) and Zhangjiagang Cotton Association (ZCA), the three-day-seminar took
place from 20-22 September 2011. Developed specifically for the Chinese cotton
community, the training focused on key areas currently impacting on China's
international cotton trade and the global cotton market.
Speaking after the event, on
behalf of the joint venture group, Dr Robert Jiang, ICA's China Business
Development Officer, said: "The response to this first ‘China
International Cotton Trade Training Course' has been very encouraging. We
originally targeted for 100 delegates to attend, but we were overwhelmed by the
response. In the end, we had to limit the number to 150, which helped to
maintain the integrity of the course and created a good atmosphere within the
class."
Each training module was conducted
in Chinese and delivered by a leading industry expert. Session one focused on cotton growing and
production, trading data and trends plus textile industry requirements. Session
two covered trading with various countries, futures and options and creating
contracts. Session three incorporated cotton classing, HVI testing,
controlling, banking and insurance. A final session looked at the ICA trading
rules and arbitration process. In addition, there was a visit to Zhangjiagang's
CIQ laboratory, its Raw Materials Market, free port zone and cotton warehouses to
see the latest development in cotton testing, trading and logistics.
Throughout the three days,
the delegates were actively involved in discussions and question and answer
sessions, which created an interactive atmosphere and an opportunity to
exchange ideas as well as gaining knowledge.
Robert concluded: "The
feedback from the delegates has been very positive. Good presentations, a receptive audience and
interactive discussions all contributed to an unforgettable experience. We
definitely plan to hold another training event in China in the not too distant
future to fulfil the demand from the cotton industry."
Click here to view the photo gallery from the event.
Click here to contact Robert Jiang for further information and to be added to the 2012 delegate list.