ICC-GTZ workshop on UCP 600 begins tomorrow
Friday, 10 August 2007
FE Report
The International Chamber of Commerce (ICC) and German Technical Cooperation (GTZ) are jointly organising two one-day workshops on the revised international trade rules for letters of credit (L/C), known as UCP 600, on August 11 and 12 in Chittagong and Dhaka respectively due to its high demand in the business community.
These workshops would be beneficial specially for the exporters of the ready-made garments (RMG) sector. The workshops aim to inform the exporters about the regulations of the new uniform customs and practice for documentary credits.
After more than three years of consultation with different stakeholders all over the world, the ICC Banking Commission, Paris has approved the new revision of UCP. It has been strictly followed by all involved in international trade since July 1.
The workshop in Chittagong, to be held at the Hotel Peninsula, will be inaugurated by ICC Bangladesh (ICCB) President Mahbubur Rahman, while the workshop in Dhaka will be inaugurated by ICCB Vice President Latifur Rahman.
GTZ PROGRESS Programme Coordinator Dietrich Stotz, BGMEA President Anwar-ul-Alam Chowdhury and BKMEA President Md Fazlul Hoque are also expected to speak at the inaugural ceremony in Dhaka.
Both the workshops will be conducted by Vincent O' Brien, one of the leading experts in carrying out the revisions of L/C.
Currently, about three million female workers and their families depend on the country's RMG sector. Thus, supporting the industry's sustainable growth is a direct contribution to the national poverty reduction strategy "Unlocking the Potential".
The International Chamber of Commerce (ICC) and German Technical Cooperation (GTZ) are jointly organising two one-day workshops on the revised international trade rules for letters of credit (L/C), known as UCP 600, on August 11 and 12 in Chittagong and Dhaka respectively due to its high demand in the business community.
These workshops would be beneficial specially for the exporters of the ready-made garments (RMG) sector. The workshops aim to inform the exporters about the regulations of the new uniform customs and practice for documentary credits.
After more than three years of consultation with different stakeholders all over the world, the ICC Banking Commission, Paris has approved the new revision of UCP. It has been strictly followed by all involved in international trade since July 1.
The workshop in Chittagong, to be held at the Hotel Peninsula, will be inaugurated by ICC Bangladesh (ICCB) President Mahbubur Rahman, while the workshop in Dhaka will be inaugurated by ICCB Vice President Latifur Rahman.
GTZ PROGRESS Programme Coordinator Dietrich Stotz, BGMEA President Anwar-ul-Alam Chowdhury and BKMEA President Md Fazlul Hoque are also expected to speak at the inaugural ceremony in Dhaka.
Both the workshops will be conducted by Vincent O' Brien, one of the leading experts in carrying out the revisions of L/C.
Currently, about three million female workers and their families depend on the country's RMG sector. Thus, supporting the industry's sustainable growth is a direct contribution to the national poverty reduction strategy "Unlocking the Potential".