Projects

Trade Facilitation Advisory Services on E-Commerce and Training Workshops on Trade Finance Infrastructure Development

01.09.2003 - 30.09.2004

Uzbekistan, Turkmenistan, Tajikistan, Kyrgyzstan, Kazakhstan

Overall project value (EUR)160000 USD
No. of staff provided8
Name of ClientUnited Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)
Financing agencyN/A
Name of partnersN/A
Detailed Narrative Description of ProjectThe overall objective of the project was to facilitate the national trade of Central Asian and Caucuses countries through enhancing their capacity for the application of ICT and e-commerce; to build the capacity of Central Asian/Caucasian economies in the areas of macroeconomic policy, trade and investment; to facilitate their integration at sub-regional, regional and global level and to enable them to respond effectively to the challenges and opportunities emerging from the globalization process.
Immediate objectives:
Undertake advisory missions to the participating countries and provide advisory services and training in assisting them to build their national capacity and strategies for the application of ICT and e-commerce in their national trade aiming at establishing integrated national electronic trade documentation system with electronic payment and trade control systems, such as TradeNet of Singapore for example.Organize two-day national training workshops in each participating country for government officials and the private sector on trade finance infrastructure development (one workshop per country), in collaboration with the national focal points selected by ESCAP.
Detailed Narrative Description of Services providedPrepared a country paper on the trade finance infrastructure in each participating country. The paper included the following:
1) Overview of trade flows in each participating country; 2) Overview of the financial sector, including major banking regulations and exchange rate policies;
3) Overview of the major trade finance institutions and the role of the Government;
4) Overview of the current trade finance practices and activities (credit insurance, countertrade, hedging, structured finance); Assessment of the overall trade finance infrastructure, including availability of and ease of access to selected trade finance services (e.g., exchange rate risk management tool, documentary credit, cost of credit over time, structured finance warehousing infrastructure);
5) Assessment of the availability of electronic payment systems and electronic trade finance services;
6) Other country-specific issues;
7) Policy recommendations (national and regional, if relevant). Collect field data to allow development of a trade finance infrastructure map for each participating country, following the International Trade Centre (ITC, Geneva) Methodology, and under the supervision of the ESCAP project officer in charge. Prepare and present the paper during the National Trade Finance Infrastructure Workshop. Revise the paper as required based on inputs from workshop participants.