Asia leads the recovery of trade

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21 July 2010

Roger Packham at Deutsche Bank assesses the trade climate in Asia and compares how the Asian markets have fared in comparison to the rest of the world.

Asia’s economy has proved itself to be resilient during the recent financial crisis compared to the US and Europe which have been more severely impacted and suffered a reduction in domestic consumption rates.

Yet, as part of a global economy, many Asian economies could not escape the impact of the crisis.

Although, the Asian markets that have been affected have managed to turn things around quicker, with the region achieving 5.2% growth in 20091. Although the Asian trade finance market is holding up well, the landscape has changed and practitioners need to recognise the different needs of their corporate clients, says Roger Packham, Regional Head of Trade Finance Asia at Deutsche Bank’s Global Transaction Banking. We have observed greatly improved conditions in all of the 14 markets in Asia where Deutsche Bank currently does business. With activity in intra-Asia trade flows picking up, both the number of transactions and...

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