Exim Bank hosts Asian Exim banks regional cooperation meet

The meet also afforded the Thai Exim Bank an opportunity to sign a bilateral L/C confirmation facility agreement with Exim Bank of Malaysia. The event, which started yesterday, concludes this evening. The forum was initiated by Exim India in 1996 to enhance cooperation and forge a stronger link among its member institutions.

The meeting is being attended by the nine member institutions — India, Japan, China, Indonesia, Korea, Malaysia, Philippines, Thailand and Australia with Asian Development Bank, Manila, being a permanent invitee and observers from KfW (Germany), BNDES (Brazil), OECD (Paris), UNCTAD (Geneva) and Sri Lanka.

The theme for the meeting was 'Promoting Regional Cooperation Through Trade Financing'.

T C Venkat Subramanian, chairman and managing director, Exim Bank of India, in his welcome remarks highlighted that the forum seeks to provide a mechanism for participating countries to enter into a process of dialogue while providing an opportunity for cooperation in areas that transcend trade and investment, such as social sectors capacity building and governance

China Eximbank's vice president Su Zhong, underscored the growing importance of the Asian region in international trade and added that Asian Exim Banks have played a unique and important role in both enhancing economic cooperation among different countries and invigorating regional economy.

Japan's Koji Tanami, deputy governor and managing director, JBIC, underlined the role of Asian Exim Banks in contributing to the stability and economic development of individual countries, of the region and eventually of the whole world by making the best use of financial tools and their status as governmental agencies.