03 April 2012 19:54 [Source: ICIS news]
ORLANDO, Florida (ICIS)--A major US plastics trade group and a large Chinese plastics machine organisation on Tuesday signed an agreement to promote business between the two nations and support each other’s trade efforts.
The Society of the Plastics Industry (SPI) and the China Plastics Machinery Industry Association (CPMIA) signed a memorandum of understanding (MOU) that an SPI official said would lead to expanding collaboration between the two groups and their member firms.
Michael Taylor, SPI’s senior director for international trade, said that the agreement grew out of an initial meeting in November last year when the two associations decided to explore mutual interests.
The two-year MOU, said ?xml:namespace>
For example, SPI and CPMIA will exchange industry journals and reports and, “when practical and possible, general business and market information”.
Each trade group will support the other’s exhibitions, trade shows and international conferences “to encourage more direct networking opportunities for all members”, the agreement states.
The agreement was announced and signed at the National Plastics Exhibition (NPE), where a variety of Chinese plastics, processors and applications firms make up one of the largest foreign contingents among the show’s nearly 60,000 participants.
“This is something our members don’t do enough of,”
About 30 members of CPMIA attended the signing ceremony.
After signing the agreement, SPI president Bill Carteaux said that SPI and CPMIA “are already exchanging some information, and we hope this MOU will take it up to another level”.
Taylor said that issues of contention between the US and China – such as intellectual property right (IPR) protections, currency manipulation and restrictive trade practices – have not come up so far in SPI’s discussions with their new Chinese partners.
Sponsored by SPI, the 27th triennial NPE conference and exhibition opened on Sunday and runs through Thursday.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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