Speakers at a seminar held on May 19 in the city have stressed the need for better understanding on trade fraud forgery, under-invoicing, over invoicing and impact of globalisation on country’s foreign trade. Citibank, NA Bangladesh organised the seminar titled ‘International Trade Management’ as part of its global trade initiatives and client education. The seminar mainly focused on disseminating the required knowledge and skills in understanding various trade settlement methods, associated fund flow risks and mitigants, recent changes in ICC rules and its overall impact.

Mahbubur Rahman, president of International Chamber of Commerce (ICC) in Bangladesh, inaugurated the seminar as the chief guest. Mamun Rashid, Managing Director and Citigroup Country Officer, Bangladesh, Mahbubur Rahman, Director and Head of Financial Institutions, and other senior officials of the bank were also present on the occasion. In his inaugural speech, Mahbubur Rahman encouraged all concerned to have a very clear concept on latest trade tools to avoid unwanted surprises in the coming days.

Moinul Huq, head of Trade Product and Sales, Citibank, NA Bangladesh, conducted the seminar which was attended by 50 participants from the central bank, different commercial banks and government bodies. Awarded as the ‘Best Trade Bank’ in Asia for the second consecutive year by Trade Finance Magazine, Citigroup is a leading player in providing trade solutions to customers and aims to strengthen its position through its diversified range of products and services for the international market.