presa

1.

Private sector in G20:
fostering inclusive trade
through digitalization
Nemtyrev Gennady
Bakanov Semen

2.

03
The discussion of this session
focused on examining how
digitalization can become a catalyst
for more inclusive trade, as well as
what steps can be taken to remove
barriers to equal participation of
various groups in global trade.

3.

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The future of global trade is closely
linked to the opportunities provided
by digitalization. Successful
transition to inclusive trade
requires active collaboration
between governments, the private
sector, and international

4.

04
Key issues identified during the session:
01
02
The trade finance gap. Micro, small, and
Digitalization of customs procedures. The
medium enterprises (MSMEs), as well as
trade process remains heavily reliant on
women-led businesses, face significant
paper documentation, which increases
challenges in accessing trade finance.
costs and reduces market access for
According to the Asian Development
developing countries. According to
Bank, about 45% of MSME financing
UNCTAD, transitioning to paperless
applications are rejected, compared to
customs procedures could reduce costs
24% for multinational companies.
by 14%.

5.

Michael McAdoo
Partner & Director, Boston Consulting Group.
S amuel J ohn Mathew
Head of financial institutions and documentary trade for S tandart Charted Bank
Bus i Mabuza
Chairperson of the Industrial Development Corporation of S outh Africa
Jos e S errador
Global Vice-President of Institutional R elations of E mbraer S/A
Renata Amaral
Vice Minister for International Affairs and Development at the Brazilian Ministry
of Planning and Budget

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Key recommendations:
01
02
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WTO R eform: Improving global
Digitalization for Inclusive Trade:
trade governance and restoring the
Adopting digital standards for
effective functioning of WTO
S ustainable S upply Chains:
customs
bodies. Urgent reforms
Developing international standards
and streamlining electronic data
are needed in the dispute
for carbon footprint assessment
exchange between countries will
settlement system, as well as
and unifying environmental
significantly reduce costs and
advanced negotiations on e-
regulations, which will simplify
increase the participation
commerce and sustainable
business operations for MSME s
of developing countries and women
development.
and low-income countries.
entrepreneurs in global trade.

7.

Women Entrepreneurs
The session also addressed the issue of women in
entrepreneurship. A notable case was presented as part of the key
solution:
the SC Win Program, developed by Standard Chartered,
which aims to provide one billion dollars to support womenled businesses in the MSME sector in Asia and Africa by
2028. This is an excellent example of how the private sector
can make a significant contribution to closing the financial
gap for women entrepreneurs.
06