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Dubai Banking Commission Meeting Highlights
Dubai, United Arab Emirates
ICC, in association with ICC United Arab Emirates and the Dubai Chamber of Commerce and Industry (DCCI), hosted a major ICC Banking Commission meeting in Dubai from 10-12 March at the Dubai Chamber Auditorium.
The meeting – sponsored by Mashreq Bank and China Systems – was the first Banking Commission Meeting held in the Gulf and was attended by eminent banking professionals from over 100 countries.
“International trade activity in goods and services remains the cornerstone support of our financial system, facilitating economic expansion as well as international cooperation and development,” said Guy Sebban, ICC Secretary General. “However, after many years of rapid growth, the hard-earned benefits of global trade advancement hang precariously in the balance.”
Primary multilateral institutions, including the World Trade Organization, the World Bank, the International Finance Corporation, the Asian Development Bank and the Inter-American Development Bank, as well as the European Bank for Reconstruction and Development and leading commercial banks focused on the challenges facing trade as a result of the financial crisis.
Preliminary findings of the ICC research Rethinking Trade Finance 2009: An ICC Survey, were presented to delegates on 12 March. China Systems, the leading vendor of trade processing systems presented a positive perspective in trends in trade processing and trade