Trade financing is a policy tool to boost the economy
January 10, 2024 09:38 Source: "Chinese Social Sciences" January 10, 2024 Issue 2812 Author: Zhao Qian/Compilation

  bet365 live casino games The current world economic recovery is weak,Due to the prediction of import and export and trade, it is far lower than long -term average,Revitalizing the economy has become the primary task of policy makers in the world,Trade Finance can become an effective policy tool。

Recent,The Director-General of the World Trade Organization (WTO) Ergi Okonjo-IWeala (NGOZI OKONJO-IWeala) wrote an article,For decades, the high -speed growth of world economy and the prosperity of international trade cannot be divided。But people ignore the role of trade financing。One reason why trade financing is ignored is,In a developed economy,It is easy to Bet365 lotto review get,Affordable again。But the situation in low -income countries is not like this,Even when the economic situation of these countries is the best,Foreign banks' business willingness is also limited。As the regulatory requirements continue to tighten,The attractiveness of these markets will be weakened further。The result is,Different countries and enterprises have the opportunity to obtain trade financing extremely irregular。A study jointly carried out by the International Financial Corporation and WTO shows,West Africa and the Mekong region only have only 25%of trading projects received trade financing support,and the proportion of the developed economy are 60%-80%。

When the company in West Africa managed to apply for trade financing,Their interest rate is much higher than the policy interest rate of local banks,Compared with the reference interest rate bet365 live casino games of local banks,The premium of a large enterprise is 4-10 percentage points,The premium of small enterprises is 7-17 percentage points,and the premium of enterprises in developed economies is only about 1 percentage point。miniature、Small and medium -sized enterprises are more difficult to obtain trade financing。

Reducing trade financing gap will not only bring huge dividends to global trade,It will also help countries create more jobs、Reduce poverty。Economist estimation of the WTO,Increasing trade financing coverage from 25%to 40%will increase the annual trade flow by 8%。With small and medium -sized enterprises and other companies entering the global production and trade network,World Trade will become more diversified、full of vitality and tolerance。

Ao Kong Joe Ivea Ala said,Let countries and enterprises in need get more trade financing,You need to make key changes bet365 Play online games in three aspects。First is to strengthen the understanding of emerging markets and development of economy and financing ecosystems in the economy。Studies from the International Financial Company and WTO indicate,Among all companies that may participate in global trade,Only a small number of enterprises have obtained trade financing from banks。For the remaining companies,Banks are reasons for high cost and mortgage requirements,Refusing to issue trade financing。Therefore,The World Trade Organization and other institutions need to increase the training of banks and small, medium and micro enterprises in emerging market countries and spread related trade financing knowledge,Help them solve trade and financing difficulties。Followed by changing financing and mortgage requirements,Increase trade support for low -income countries。bet365 live casino games In addition to the financing itself,International financial institutions, etc. should also provide necessary support,Provide professional knowledge for banks in low -income countries。other,It also needs to strengthen trade and financing cooperation,Let more development banks and financial institutions participate,Forms a multilateral trade financing system。Finally, the local manufacturer is integrated into the global supply chain。Supply chain trade accounts for half of the total global trade,But it is difficult for many lower -level local suppliers to enter the global supply chain system,This also makes them face trade and financing difficulties。International Finance Company in 2022,Established projects that specialize in suppliers for emerging market countries to increase the opportunity to enter the global supply bet365 Play online games chain system,Other financial institutions and private sectors can also follow suit。(Zhao Qian/Compilation)

Editor in charge: Zhang Jing
QR code icons 2.jpg
Key recommendation
The latest article
Graphics
bet365 live casino games
Video

Friendship link:

Website filing number: Jinggong.com Anmi 11010502030146 Ministry of Industry and Information Technology:

All rights reserved by China Social Sciences Magazine shall not be reprinted and used without permission

General Editor Email: zzszbj@126.com This website contact information: 010-85886809 Address: Building 11-12, Building 1, Building, No. 15, Guanghua Road, Chaoyang District, Beijing: 100026