Binh Phuoc hosts talks on founding int’l cashew association

Representatives of cashew organisations around the world gathered in the southern province of Binh Phuoc, on March 22 for a conference on founding a Global Cashew Association (GCA).

The event was part of the Golden Cashew Festival – the first of its kind in the country–which kicked off on March 20 in Binh Phuoc.

According to the Chairman of the Vietnam Cashew Association, Nguyen Thai Hoc, this is a closed meeting for all concerned sides to present preliminary studies and reports regarding the establishment of the GCA.

Participants agreed to hold another important meeting in Beijing , China on May 21 this year, which is expected to adopt the final decision on the GCA, with the four founding members: the African Union, Brazil , India and Vietnam .

On the same day, some 200 cashew traders, intermediaries, exporters and importers, both local and foreign, took part in an international consumers’ conference on cashew exports.

During the event, the organising board briefed the participants on state policies on developing the cashew sector and provided an overview of Vietnam ’s cashew trade relations as well as answering requests for information from interested customers.

Vietnam is striving to raise its cashew nut export revenue to one billion USD this year, maintaining its position as the world’s largest exporter of the staple.

Tags: GCA 2010, Global Cashew Association 2010, Vietnam cashew