The 29th Asian Exim Banks Forum annual meeting opened in Shanghai on Wednesday, with delegates focusing on strengthening regional cooperation and promoting global economic integration.
Hosted by the Export-Import Bank of China, the event brought together representatives from 13 export credit agencies, including those from Japan, South Korea, Thailand, and Indonesia, along with multilateral financial institutions such as the Asian Development Bank (ADB) and the New Development Bank (NDB).
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Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Participants called for enhanced communication and collaboration among forum members, the promotion of the green transition, the unleashing of the digital economy and a deepening of supply chain cooperation to ensure the steady and sustainable development of the regional economy.
China's key role in driving global trade and regional growth was also highlighted during the forum.
"China is the lead trading partner for over 140 countries in the world. China has contributed immensely to global and regional supply chains. So I think China continues to play a very, very lead role, not just in trade, but also in expanding trade finance around the region," said Safdar Parvez, ADB's country director for China.
"We can see the good development of Chinese economy and export potential growing of for China.The main purpose of the NDB was to develop sustainable infrastructure project in the member country. And we have one specific goal in our mandate to support multilateral cooperation in between BRICS member countries," said Vladimir Kazbekov, vice president and COO of NDB.
According to statistics, the total trade volume of the member countries of the Asian Exim Banks Forum accounted for about 27 percent of the world trade in 2023.
Participants advocated for increased financial support, exploration of new areas of cooperation, and a collective effort to drive Asia's development and sustainable growth.
Wang Chunying, president of the Export-Import Bank of China, emphasized the importance of collaboration.
"The huge achievements in Asian economic development are inseparable from the joint efforts of the Asian Exim Banks Forum members. We should continue to strengthen unity and cooperation, work together to address risks and challenges, and jointly promote the prosperity and development of the Asian and global economies," she said.
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
Asian Exim Banks Forum annual meeting opens in Shanghai
