Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc, has empowered export business owners with the knowledge and resources needed to succeed in the export trade sector through its recently hosted Trade Export Webinar.
During the webinar themed “Getting Your Business Export Ready,” attendees gained valuable insights on successfully navigating the complexities of exporting goods and services in the export trade sector. They learned about the various regulations and compliance requirements, the best practices for finding the right partners, managing risk, using trade barometers, and building trade relationships with potential clients.
Olufemi Oyekola, Head of Enablement and Ecosystem at Stanbic IBTC Bank, noted during his opening remarks that the exchange of goods through export and import activities determines the economic status of a nation.
Chigozie Onyeocha, Head of Africa China Banking at Stanbic IBTC Bank, said, “At Stanbic IBTC, we are constantly on the lookout for the latest trends that support our agenda for business growth.”
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Onyeocha added that the webinar is aimed to empower export business owners with the knowledge to prepare for headwinds, as World Trade Organisation (WTO) economists predict a 1.0 percent increase in global merchandise trade volumes, down sharply from the previous estimate of 3.4 percent.
The panel session at the webinar featured seasoned veterans of international trade, who shared their experiences and provided practical advice to help businesses succeed in the global marketplace.