Trade finance to enjoy a prosperous 2011

Intra-regional trade flows and Indian growth are grounds for optimism for trade finance in 2011, says Pravin Advani, global trade executive in Asia for J.P. Morgan treasury services.
Pravin Advani, global trade executive, Asia, J.P. Morgan treasury services
Pravin Advani, global trade executive, Asia, J.P. Morgan treasury services

There were a number of major developments in 2010 that affected trade finance in Asia, including renminbi reform, new Basel rules and growing intra-Asian and global trade flows, to name but a few. What is your assessment of the year

Asia has this year consolidated its reputation as the world’s engine room for growth. Emerging from the financial crisis in excellent economic shape, particularly when compared with the still embattled US and European markets, Asia played host to a resurgent trade finance sector, with rapidly growing intra-Asian trade flows indicative of a wholesale return of confidence at least at home. Generally speaking, the year has been a good one for the industry, and we’re...

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