QDB Organizes Workshop On 'Best Payment Practices'

Doha, May 17 (QNA) - Qatar Development Bank (QDB), through the support of its export arm, Tasdeer, organized a workshop on "Best Payment Practices" to engage the nation's exporters in an intensive educational program on the most effective practices for commercial transactions between buyers, sellers, importers and exporters in international trade. The workshop was designed to educate suppliers involved in the export market on the most advisable and safest financial practices in cross-border transactions for traditional and electronic trade. The organization of this workshop comes at a time when Qatar's small and medium-sized enterprises (SMEs) are increasingly growing the capacity to export goods and tertiary services abroad at regional and global levels. Commenting on the workshop, QDB's Chief Executive Officer (CEO) Abdulaziz bin Nasser Al Khalifa said: "Through our specialist export wing, Tasdeer, QDB continues to empower local SMEs by organizing educational workshops through engaging exporters in industrially relevant training courses, we help our entrepreneurs expand the size of their trade and familiarize them with the most important financial procedures involved in international trade. "This workshop is important because educating Qatari exporters and suppliers on the best practices of payment helps our local businesses avoid many of the problems that commonly arise as a result of misjudging the transaction requirements, and consequently, being trapped in an unfavorable position that may compromise their dues," he added. QDB, through the support of its export arm, Tasdeer, frequently organizes workshops, training courses and matchmaking events to empower local SMEs and entrepreneurs to expand their businesses abroad, grow their scales of competitiveness and sustain healthy growth rates. Since its launch in 2011, Tasdeer has been at the forefront of developing Qatar's export strategy for non-hydrocarbon and oil products. The development organization makes available wide-ranging information to SMEs, including country-specific case studies, analytics, and business directories. The research team at Tasdeer regularly publish their findings in a variety of manuals with specialized instructions, such as "Trade Secrets: The Export Answer Book for SMEs" and "Qatar's Exporters Directory." As well as offering local exporters valuable consultation, these Tasdeer publications have sought to provide information on accesses QDB's financing and insurance coverage solutions available to Qatari exporters against the risk of a loss of funds inherent in the global export trade. (QNA)