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In I960, John F. Kennedy famously I said, "We stand today on the edge of a new frontier. But the new frontier of which I speak is not a set of promises. It is a set of challenges." Those words still hold true, especially for the ICA.
Past events have forced us to change and adapt in order to survive. Yet one thing is certain: These events highlight the importance of contract sanctity and responsible trading. This is what the ICA is all about, but our challenge is to make it a reality across the global supply chain.
We have made great inroads in recent years in Europe, the Americas, Asia and the Indian subcontinent in strengthening international ties, but there is still more to do, especially in deterring defaulters and ensuring our awards are recognized and enforced in accordance with the New York convention. We can only truly achieve this through communication, education and engagement.
This process has already begun. Following a visit to Vietnam in July, I shared an idea...