With more than 300 delegates from more than 145 nations gathered in Greece at the EBRD’s Trade Facilitation Programme Trade Finance (TFP) Forum 2019, it was clear that 20 years after the TFP’s foundation, countries lacking in correspondent banking lines need this trade leg-up more than ever. Clarissa Dann reports from Athens
One could be forgiven for thinking that the Greeks invented trade, with their establishment of Piraeus in the early 5th century BC as the new port of classical Athens through which import and export transit trade made its way. Its reputation for maritime trade has endured, with Piraeus ranking as the second-largest passenger port in the world, and among the top 10 for container traffic.
So it was rather fitting that some 2.5 millennia later, at the end of October 2019 the European Reconstruction and Development Bank brought together its participants in a trade facilitation programme that has also kept trade flowing after seismic political shifts. The chosen venue was some seven kilometres away at Syntagma Square, opposite the Parliament building
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