ATFP finances trade deals worth US$369m in H1
Published: Sep 21, 2014
Source: WAM


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ATFP finances trade deals worth US$369m in H1

The Arab Trade Financing Programme (ATFP) has approved 109 requests for eligible financing trade deals to the tune of US$184 million in the second quarter of the current year, bringing to $369 million the total financing facilities it provided to its national agencies in Arab countries during the first half of the year.

The AFTP said, in a statement at the end of its board of directors meeting in Abu Dhabi today, that gross value of financing deals stood at nearly $11 billion since its inception in 1991.

The meeting reviewed other trade services, mainly those offered to Arab importers and exporters and took note of the progress taking place in regards to updating data base of the Intra-Arab Trade Information Network (IATIN) and activities to promote Arab trade, and to avail opportunities to realise commercial exchanges between parties involved in Arab trade. In this context, ATFP organises and executes meetings of buyers and sellers of Arab commodities based on analysis of trade flows and supply and demand.

Performance of the ATFP's investment portfolios and financial statements in the first half of 2014 were also reviewed The Arab Trade Financing Programme is a specialized multi Arab financial institution with a mission to promote Arab trade and to increase the competitive capabilities of Arab producers and exporters- By WAM/tfaham/Moran

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