ICC - UNESCAP Workshop on International Trade Finance
20-22 December 2017, Bangkok, Thailand
Deadline for Nominations: Tuesday, 05 December 2017
We have the pleasure to inform you that ICC Bangladesh will organize a three-day Workshop on International Trade Finance in Bangkok, Thailand on 20-22 December 2017 jointly with the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) and ICC Thailand.
Bangladesh today is the 41st largest economy in the world with a GDP of US$270 billion growing at 7.2% per annum. This makes it one of the fastest growing economies of the world. Merchandise Export is US$40 billion while Import is US$ 43 Billion and both are growing at a healthy rate as depicted by the GDP growth.
You may be aware that the 2017 ICC Global Trade Finance Survey findings relate to the pace of digitization of trade activity which are striking, 50% of respondents see high levels of digitization achieved in less than a decade but an almost equal portion of survey participants expect the evolution to take from 10-25 years. Some 46% identify multinational and large corporates as the highest priority client segment for their trade finance business, with a quarter favouring middle market clients and less than 20% identifying Micro, Small and Medium Enterprises (MSMEs). Some 57% of respondents believe traditional trade finance will exhibit little or no growth while 22% think it will decline outright year-on-year. Cost control pressures are considered the biggest challenge facing trade finance units. These are cited by 23% of respondents, followed closely by the availability of specialist skills (21%), &limits posed by traditional technologies (18%).
Accordingly, the workshop has been designed for the trade finance officials of Bangladesh Banks, commercial banks, non-banking financial institutions, government officials, corporations, exporters, importers, investment project managers, corporate lawyers, SME entrepreneurs, freight forwarders and other international trade professionals to understand and take guard against the risks involved and how to resolve issues. Certified Documentary Credit Specialists (CDCS), Certified Specialist in Demand Guarantees (CSDG) participants will receive 14 (Fourteen) Professional Development Unit (PDUs) for re-certification by attending this workshop and can also claim additional 2 (two) PDUs for completion of pre coursework which is confirmed at their attendance by production of a one page report on their research.
There will also be participants from some ASEAN countries. As such, Bangladeshi participants will have the benefit of interacting with their counterparts and share their experiences of trade finance related issues and recourse taken thereon.
We are pleased to announce that the Workshop will be conducted by Mr. Vincent O'Brien, Member of the ICC Banking Commission; Dr. Masato Abe, Economic Affairs Officer, Trade, Investment and Innovation Division of UNESCAP; Mr. Ka-Kit MAN, CEO of Capital and Credit Risk Manager (CCRM); Mr. ATM Nesarul Hoque, CDCS, CITF & CSDG, Vice President, Mutual Trust Bank Ltd.; Sheikh Morshed Jahan, Associate Professor, Institute of Business Administration (IBA), University of Dhaka and Ms. Jaewon Kim, Consultant, Trade, Investment and Innovation Division of UNESCAP.