Hide contracts under review
07/04/2009
The president of the International Council for Hide Skins and Leather Traders’ Associations (ICHSLTA), Madam Zhang Shuhua has announced that her organisation and the International Council of Tanners have agreed, after a meeting at APLF on March 31, to set up separate committees to review the international hide and leather trading contracts (numbers six and seven).
The two committees—whose members have still to be named—will spend the next 12 months collecting proposals for amendments to the contracts from around the industry and bring those proposals to APLF next year for further discussion.
Madam Zhang said on announcing the review: “The contracts have been updated several times during the 80 years they have been in place bit the last update was in 1999, ten years ago. Trade patterns have changed since then.”
She went on to say that it was too soon to anticipate what proposals for change might come to light, although a written press statement issued at the time of the announcement made reference to adding “conventions on integrity” to the contracts. This has led to some discussion in the international leather industry, especially in the context of deals agreed under the international contracts falling through in recent months.
However, Madam Zhang concluded: “The two contracts are the basis of international hide and leather trade and are accepted by the whole world, so we do not intend to change much, but it is the case that buyers and sellers sometimes understand different things by some of the details.”
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