USHSLA looks to hold companies to account for the rule of law

21 July 2015

The US Hide, Skin and Leather Association (USHSLA) issued a letter to its leather industry colleagues and representative organisations requesting their assistance in reminding individual companies of the importance of contracts and the rule of law in the global trading system.

 

"Hides and leather markets experience periods of sudden price increases and decreases," commented Steve Sothmann, USHSLA president, in the letter, "It is in the best interests of all of our members if we continuously reinforce the importance of honouring contracts and avoid individual retaliation when the market moves in the opposite direction."

 

Due to recent price volatility in the hides and leather markets, companies have reported a significant increase in the number of disingenuous actions taken by market participants, including non-performance of valid contracts, in an effort to secure lower prices. These negative actions serve only to harm the long-term viability of the global hides and leather trading system, and must be avoided.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.