TFWA and ITRC plan closer cooperation

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The International Travel Retail Confederation (ITRC) has announced a closer working relationship with Tax Free World Association (TFWA), to cooperate on industry issues.

The first step of this commitment is a joint letter of understanding which sets out the respective responsibilities of the two organisations. It also highlights several points for co-operating to promote and advance the travel-retail industry.

ITRC chairman Alain Falque, said: "This is a major step for both the industry and the ITRC. It is very exciting. The prospect of entering into agreement with such an eminent body as TFWA to share joint platforms underlines the growing stature of the Confederation since its formal launch less than a year ago. This understanding signifies that both organisations recognise there are many challenges ahead for the travel-retail and duty-free industry both in Europe and internationally over the coming years.

TFWA ceo Andrew Ford said: "Agreeing to co-ordinate the promotion and development of this unique industry through our respective channels will bring nothing but benefits for all concerned. I look forward very much to working more closely with the ITRC team on future issues of mutual interest."

ITRC and TFWA aim to sign the agreement formally early in April.