This new age of trade is a return to our roots, to the simplest and most intuitive form of exchange. Countertrade deals are commercial exchanges conducted in whole or in part without the use of cash. Goods and services are traded for other goods and services, a financing mechanism that can do wonders for governments, banks, and businesses.
As the only Egyptian firm certified to conduct countertrade deals by Egypt’s two largest national banks, Dexpro is uniquely positioned to chart the course forward.
The COVID-19 crisis has dramatically impacted the world economy. Trade has slowed, commodity and agriculture prices have plummeted, and budget deficits have ballooned. Governments, banks, and companies are facing solvency issues, as increased global uncertainty in financial markets creates substantial credit risks. Without credible financial guarantees, exporters and importers are facing severe constraints in trade finance.
African economies in particular are faced with a lack of convertible foreign currencies, the exacerbation of external debt, and a severe recession that has greatly affected the movement of products.
At the same time, African economies – characterized by natural resource abundance, plentiful agricultural production, and young urbanized populations – are uniquely positioned for a period of immense innovation and growth, extending their roles in the global supply chain.
By tapping into the power of this bold yet intuitive mechanism, the continent can finally leverage its massive opportunities and elevate its stature in global trade. We are committed to achieving that goal.
