ICC Workshop on Letters of Credit in Law and Practice
Saturday, 10 February 2018
Deadline for Nominations: Monday, 05 February, 2018
ICC Bangladesh will organize Workshop on Letters of Credit in Law and Practice at The Peninsula Chittagong on 10 February 2018.
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%).
The workshop will be of significant benefit to trade finance officials of Bangladesh Bank, Commercial Banks, exporters, importers, investment project managers, corporate lawyers, 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 8 (eight) Professional Development Unit (PDUs) for re-certification by attending this workshop.
We are pleased to announce that Mr. ATM Nesarul Hoque, CDCS, CSDG, CITF, Vice President of Mutual Trust Bank Ltd will conduct the Workshop on 10 February 2018.