Discussion of possibilities of further development of trade financeTashkent hosted workshop on “Trade finance as a key factor of trade support”. The event became a kind of platform that brought together the state and private sectors in order to consider opportunities for implementing trade finance instruments in Uzbekistan.
The workshop was organized by the Ministry for Foreign Trade of the Republic of Uzbekistan, the United Nations Development Program in cooperation with the International Islamic Trade Finance Corporation and the International Trade Center. The event was attended by representatives of ministries and departments, commercial banks and companies with advanced international experience and modern instruments of export financing.
According to the Ministry, representatives of the International Islamic Trade Finance Corporation (ITFC) told about the procedures for allocating funds for export financing, on insurance of political risks and their advantages in cross-border investment. Experts of Eximbank of Turkey dwelled in detail on instruments of export financing implemented by Eximbank.
A separate session was devoted to development of export financing in Uzbekistan
The workshop and the study of international experience in general will allow domestic specialists to determine the most effective instruments of trade financing and to implement them competently in Uzbekistan.