Review Wool. General Trading Terms Revision Process

As a purchase of more than 70% Australian wool Spin The wool trade between China and Australia is very important. In regulating wool trade, China &mdash, Australia's general terms of purchase of wool and wool has been used for decades. However, with the continuous development and diversification of wool trade, the outdated clauses and the cumbersome details, more and more enterprises feel that the terms of the contract are no longer applicable to the modern wool trade.

In September 2010, the China Australia wool working group set sail again for three years, and confirmed the list of members and Secretariat of China and Australia. This is the healthy and stable wool trade in China and Australia. Development The inevitable requirement also provides a platform and opportunity for revising general trade terms.

At the end of 2010, Michael Jackson, chairman of the International Commission of wool textiles (IWTO), arrived. Nanjing Three hours of consultations were held with the Chinese Secretariat. Mr. Michael Jackson said that his approval of the amendment to the terms was equivalent to the approval of the IWTO International Law Committee. As long as it was recognized between China and Australia, the amended clauses would be widely used. The new version is first promoted between China and Australia, and then faced with Europe, and gradually revised the relevant clauses in the blue book to the world. This remark further strengthened our belief in modifying the terms.

In April 2011, a working conference was held between the Chinese and Australian working group on wool. Mr. Soleki first proposed to amend the existing provisions, and the Chinese members agreed to formulate a practical wool standard contract.

In May 2011, the Chinese and Australian wool working group formally unveiled and convened a meeting. The two sides put the standard contract revision on the formal agenda, designated the relevant members to be responsible for it, and put forward a proposal within a limited time.

In September 2011, the second working conference of the Sino Australian wool working group was held. The chairman of the Australian wool Exporters Association Michael Avery reached a consensus on the contract making and trade dispute resolution and arbitration mechanism. First, it made a more simple and practical contract provision combining the 90 terms of China spinning, the new Sino Australian standard contract in 2000 and the blue book. The two is to set up a special revision group. The Australian side is responsible for organizing the revision of the contract by Peter Morgan; three, it is suggested that the arbitration clause should specify the arbitrator and the place of arbitration, the limitation of arbitration and the standard of arbitration detection error.

After a year's hard work, China and Australia finally embarked on the arduous journey to formally modify the terms of trade. In line with the principles of the new version of the terms of the contract, which is concise and in line with the relevant international provisions, the Chinese Secretariat organizes the research clauses of the Secretariat to submit their respective amendments. The Secretariat summarizes and sets up the framework, collate the revised draft of the draft and submit it to the Secretariat of Australia again and again, and feedback the Australian side's views to the Chinese members. Not only are we, more companies are concerned, they call to inquire about the progress of the amendments, ask for the draft of the articles, and consult in advance.

At the beginning of 2012, the Chinese Secretariat specially invited two members of the group of Nanjing, Feng Wei and Wang Xiaoping, to study the clauses one by one in a busy schedule, and studied them repeatedly, and completed the revision work during the holidays, and sent them to all the members for examination.

In February 2012, the Secretariat deliberately amended several rounds of draft articles. Shanghai Mr. Huang Zhenting, a technical expert, was invited to study the amendment of the clause. This is a revolutionary leap. During the discussion, Huang proposed to completely ban the merger, not only to regulate trade practices, but also to enhance the quality of wool in processing and production, and protect the interests of buyers. At the same time, the Secretariat also revised the draft to the Central Committee of the wool industry.

In mid February 2012, the Chinese group was invited by the Australian working group to visit Australia and held third formal meetings. The two sides upgraded the general terms of trade to the focus of discussion and spent a lot of time studying them one by one. Under the heated arguments between China and Australia, many details of the provisions have been amended.