Project Title

Workshop on Supply Chain Finance and Implementation of Secured Transactions in Cross-Border Context 

Project Year

2016   

Project Number

EC 03 2016S 

Project Session

   

Project Type

Self-Funded 

Project Status

Completed Project   
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Project No.

EC 03 2016S 

Project Title

Workshop on Supply Chain Finance and Implementation of Secured Transactions in Cross-Border Context 

Project Status

Completed Project 

Fund Account

Self-Funded 

Project Year

2016 

Sponsoring Forum

Economic Committee (EC) 

Topics

Structural Reform 

Committee

Economic Committee (EC) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

United States 

Co-Sponsoring Economies

Hong Kong, China; Mexico 

Expected Start Date

31/08/2016 

Expected Completion Date

31/12/2017 

Project Proponent Name 1

Mariella Amemiya 

Job Title 1

Trade Specialist & Program Manager 

Organization 1

US-APEC Technical Assistance to Advance Regional Integration  

Postal Address 1

c/o APEC Secretariat, 35 Heng Mui Keng Terrace, Singapore 119616 

Telephone 1

65 68919659 

Fax 1

Not Applicable 

Email 1

mamemiya@nathaninc.com 

Project Proponent Name 2

Michael Dennis / Nicholas Klissas 

Job Title 2

Executive Director, Department of State Advisory Committee on Private International Law / APEC Affairs Officer 

Organization 2

Office of Legal Adviser, Department of State / USAID 

Postal Address 2

Washington DC, 20520 USA 

Telephone 2

1-202 7768438 / 1-202 7120115 

Fax 2

Not Applicable 

Email 2

dennismj@state.gov / nklissas@usaid.gov 

Declaration

Mariella Amemiya, Michael Dennis and Nicholas Klissas 

Project Cost (US$)

$0.00 

Project Summary

This project aims to organize a one-day workshop on supply chain finance and implementation of secured transactions in a cross-border context at EC 2 in 2016.  There will also be a follow up workshop on secured finance and supply chain finance/warehouse receipts in 2017.  As has been widely recognized in APEC, lack of access to credit is one of the main obstacles to growth for MSMEs.  Supply chain finance, if more widely adopted, could prove to be a boon for providing credit to MSMEs, especially those MSMEs involved in cross-border trade.  The invisible glue that holds together supply chain financing is a harmonized secured transaction system. Supply chain finance is best supported through:

1) implementation  of laws that facilitate asset based lending based on international best practices (like the UNCITRAL Model Law on Secured Transactions and the Assignment of Receivables Convention);

2) development of a modern warehouse receipts legal regime including one that permits the use of warehouse receipts as a basis for secured lending; and

3) accession to international conventions that facilitate enforcement of security interests across borders (like the Hague Choice of Court Agreements Convention and the UNCITRAL arbitration instruments).  The workshop would build on and integrate the results from the study on Assessing APEC Getting Credit and Enforcing Contracts Frameworks according to International Best Practices to promote legal reforms for the purpose of facilitating supply chain financing.

Are there any supporting document attached?

Yes 
Attachments
Version: 5.0 
Created at 20/04/2016 09:26  by Lucy Phua 
Last modified at 30/10/2018 09:22  by Lucy Phua 
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Project No.

Project Title

Project Status

Fund Account

Project Year

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Cost (US$)

Project Summary

Are there any supporting document attached?

hdFldAdmin

Project Number

Sub-fund

Previous Fora

Secretariat Comments

Endorsement By Fora

PD Sign Off

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

On Behalf Of

Proposal Status

Originating Sub-Forum

Approval Status
Attachments
Content Type: Self-Funded Proposal
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