Page 102 - Demo

Trade finance49The social distancing measures and border closures enforced due to Covid-19 have drastically dampened the trading and logistics industry. SMEs have encountered severe difficulties in maintaining sufficient cash flow to keep their business running as shipping orders are delayed or cancelled. Many industry practitioners have urged the Government to take more actions, for instance, by facilitating SMEs to obtain export insurance and guarantees, streamlining the application procedures for subsidies and providing advance planning arrangements for cross-border business with the GBA. We call for the Government to provide more support for SMEs to tide over the Covid-19 crisis.9. Facilitate SMEs’ access to export insurance or guarantees amid Covid-1949 貿發局與商會會晤 業界冀三大範疇助中小企. (2020, April 28). Hong Kong Economic Journal.100