Minister for Foreign Trade hold talks with ITFC Chief Executive Officer
14/11/2018 14:58
Minister for Foreign Trade hold talks with ITFC Chief Executive Officer
14/11/2018 14:58
Tashkent, Uzbekistan (UzDaily.com) -- The Minister for Foreign Trade of the Republic of Uzbekistan Jamshid Khojayev received the Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC) Hani Salem Sonbol.
During the meeting, an exchange of views took place on development of cooperation in the field of Islamic finance, the press service of the Ministry said.
Hani Salem Sonbol spoke about the activities of the International Islamic Trade and Finance Corporation as an autonomous organization within the Islamic Development Bank group. It was stressed that the main task of ITFC is to stimulate trade between the member countries of the Organization of Islamic Cooperation, assist companies in gaining access to trade finance, as well as provide the necessary tools to increase trading potential in the global market.
It was also noted that according to the new strategy, the corporation will pay more attention to development of the private sector, especially small and medium-sized businesses, and cooperation with local banks. In this regard, ITFC is interested in expanding cooperation with financial organizations of the Republic of Uzbekistan.
Jamshid Khojaev stressed that the Republic of Uzbekistan has sufficient export potential in the field of building materials, textiles and agricultural products. And taking into account the main tasks of the International Islamic Trade and Financial Corporation, the organization could provide financial services for the export of these products to the countries of near and far abroad.
Following the meeting, the parties agreed to develop cooperation and expressed mutual appreciation for the conversation and valuable exchange of views.
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