4th National Summit Trade Finance for Inclusive Growth

As India assumes the G20 presidency, it has the opportunity to further the cause of mutually beneficial, rules-based international trade at a time when the world is facing a series of multiple and overlapping political and economic crises. India can use its G20 presidency to for interventions in areas of common interest to developing countries as well as forward-looking trade areas that necessitate ongoing conversation. It should promote problem-solving under the Trade and Investment Working Group (TIIWG), and showcase “India solutions” where possible. More broadly, India should build consensus on the need to navigate a new era of multilateral trade that continues to contribute much-needed benefits of international trade.

Supply Chain Finance along with enabling platforms, such as Trade Receivables Discounting System (TreDs) in India are envisaged to be a viable solution to ease the financial value chain linked to the supply chain, especially for MSMEs. Supply Chain Finance also has the potential to embed the sustainability quotient in buyer-supplier relationships for offering a differentiated proposition to suppliers that meet Environmental, Social and Governance (ESG) frameworks.

In order to continue to this dialogue, the ASSOCHAM Department of Banking & Financial Services is organizing 4^th National Summit on Trade Finance for Inclusive Growth with an objective to analyse the issues and concerns in detail and also to chart out a way forward in terms of suggestions on the requisite changes in regulations for gearing up to the needs of changing times.