''WICB and the West Indies Players' Association (WIPA) each recognise their common interest in the development and success of West Indies cricket,'' WICB President Ken Gordon and WIPA Executive President Dinanath Ramnarine said in a joint statement here.
Having settled the pay dispute for the upcoming tri-series against India and Australia, both the board and the players' body have promised to work together and find a solution to the remaining contentious issues by the end of this month.
''The relationship in the past has been one of conflict and controversy -- a situation which is inimical to West Indies cricket, particularly for the stability, growth, and development of the game in the Caribbean,'' the two organisations added in the statement.
WICB and WIPA earlier had a long standing dispute over the issue of players' contract. The standoff had become so bitter that WIPA even went to the extent of accusing the WICB of blackmailing players to participate in the September tri-series.
However, setting aside past differences both the WIPA and WICB pledged to improve their relations in the coming months.
''Both parties recognise the goodwill which has made this agreement possible and restate their desire to improve the earnings of the Board and the Players whenever practicable,'' the statement said.
The joint statement also said that the two sides would not go public with any controversial issue until every effort has been made to reslove it among themselves.
''Both parties acknowledge that there is a Dispute Resolution Process, as is contained in the Collective Bargaining Agreement which will be signed by August 31 and emphasises their commitment to follow this process,'' the joint statement said.
''Both parties commit themselves to engage in a relationship of mutual respect and the honouring of all agreements arrived at between the parties,'' it added.