IMPROVEMENT OF COTTON TRADING PRACTICES - PROSPECTS AND PROBLEMS THE EXPERIENCE OF IMPORTERS: Adapted from a paper presented to the Ninth Open Session of the ICAC 63 Plenary Meeting, Mumbai, India, December 2, 2004

摘要

In the textile and clothing industry, there is a growing trend of shifting production to developing countries, especially to those in Asia, many of which are dependent on cotton imports. With abolition of bilateral quotas by the end of this year, thistrend is expected to accelerate. The production trends in raw cotton are not expected to follow those in finished products, and developed countries will remain major suppliers. Thus, international trade in cotton will be rising, which makes it extremely important to ensure that cotton trade is regulated properly.