In recent publications, headlines and articles alluded to problems of "systematic default," "lawless trading environment" and similar disorderly behavior in the cotton business. This negative press does our business no good and encourages further uncontrolled dealings. The global cotton trade has a very diverse structure, with many participants playing a role in the day-to-day trade all over the globe. A lot of other business divisions envy us for having our own jurisdiction. Arbitral framework has its limitations but nevertheless provides the most stable and secure environment, considering the other alternatives. The progressively close cooperation in all quality-related matters recently agreed and signed between the International Cotton Association and Bremen emphasizes the willingness of established institutions to work together and adapt to the different trading environment.
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