We acknowledge that lack of access to trade finance can limit a country’s trading potential and result in missed opportunities to use trade as an engine for development. We welcome the work carried out by the WTO Expert Group on Trade Financing, and commit to exploring ways to use market-oriented incentives to expand WTO-compatible trade finance and the availability of trade credit, guarantees, insurance, factoring, letters of credit and innovative financial instruments, including for micro, small and medium-sized enterprises in developing countries. We call upon the development banks to provide and increase marketoriented trade finance and to examine ways to address market failures associated with trade finance.

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