Understanding SME Trade Finance in ASEAN: An Overview
Cavoli, Tony; Christian, David; Shrestha, Rashesh | February 2022
Abstract
SMEs are the most important source of employment in all ASEAN countries, but a lack of access to external sources of finance may limit their expansion and growth. In particular, the existence of a trade finance gap can curtail their participation in international trade. Countries in ASEAN and East Asia need to address this issue to include SMEs in their export-oriented growth strategy. This paper provides a framework for understanding the trade finance gap by examining the nature and strength of relationships between different actors in the trade finance ecosystem. We present an overview of the literature that studied the relationship between financial development and trade, the availability and use of various trade finance instruments in international trade, and some stylised facts about trade finance in ASEAN.
Citation
Cavoli, Tony; Christian, David; Shrestha, Rashesh. 2022. Understanding SME Trade Finance in ASEAN: An Overview. © Economic Research Institute for ASEAN and East Asia. http://hdl.handle.net/11540/14887.Keywords
Risk Financing
Regional Development Finance
Public Finance
Infrastructure Financing
Financing of Infrastructure
Financial Security
Financial Intermediation
Finance And Trade
Enterprise Financing
Trade Regulation
Trade Finance
Regional Trade Agreements
General Agreement On Tariffs And Trade
Foreign and Domestic Financing
Cybersecurity
SME
Taxation
Business Financing
Investment Requirements
Capital Needs
Tax Incentives
Project Risks
Tariff agreements
Customs conventions
Import policy
Export policy
International Monetary Relations
Local Finance
Banks
Capital Market
financial statistics
Foreign trade
Digital
Investments
Finance
Market
Markets
Use tax
Tax administration and procedure
Taxing power
Effect of taxation
Business enterprises
Foreign trade and employment
Mentoring in business
Trade routes
Bills of exchange
Swaps
International banks and banking
Capital movements
Central banks and banking
Bills of exchange
Swaps
Banks and banking
Stock exchanges
Market
Exchange
Balance of trade
Cyber Security
e-commerce
Insurance
Trade insurance
Regulation
Blockchain
Show allCollapse