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Axis Bank, IIC pact to boost trade with Latin America

Press Trust of India  |  New Delhi 

today announced that it will help traders boost relations between and Latin America and the Caribbean in a collaboration with Inter- American Investment Corporation.

It will facilitate trade with Latin America and the Caribbean in which will participate in the Trade Facilitation Programme (TFFP) as a confirming

said it is the first to be a part of such a facility.

"With increasing trade relations between the two and considering the potential for the overall economy, the collaboration aims to foster bilateral trade relations by allowing ease of transactions," Axis Bank said in statement.

The Inter-American Investment Corporation (IIC) will be acting on behalf of the Inter-American Development Bank (IDB).

"By virtue of this collaboration, we will further strengthen our international trade relations in the region. We are looking at growing trade financing overseas and this is another step towards serving our customers internationally," Axis Bank Group Executive, Corporate Banking and Transaction Banking Sidharth Rath said.

Hoping that the partnership will accelerate trade relations between and the South American continent, Axis Bank said the proposition unites experience of public sector with expertise and agility of private sector.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 19:02 IST