Director-General Roberto Azevêdo has issued a call for action to help close the gaps in the availability of trade finance that affect the trade prospects of small and medium-sized enterprises (SMEs), particularly in Africa and Asia.
SMEs in developing countries face the greatest challenges in accessing trade finance and there are some very large gaps in provision. The estimated value of unmet demand for trade finance in Africa is US$ 120 billion (one-third of the continent’s trade finance market) and US$ 700 billion in developing Asia. Bridging these gaps would unlock the trading potential of many thousands of individuals and small businesses around the world. Read more. Source | World Trade Organization