DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade finance gap and supporting smoother trade flows through shared-risk financing models.
The partnership targets the US$2.5 trillion shortfall in global trade finance, a critical barrier limiting the growth of international trade and hindering businesses, particularly in developing economies, due to a lack of access to affordable credit.
Many companies in these regions are underserved by traditional lenders because of insufficient data on their creditworthiness.
By collaborating, DP World and J.P. Morgan aim to close this financing gap and enable more inclusive trade participation through co-managed trade finance transactions.
The partnership facilitated procurement financing for a major global food company sourcing cocoa from the Ivory Coast, one of the world’s key agricultural export hubs. This transaction unlocked more than US$70 million in annual procurement value, injecting significant financial momentum into the Ivorian economy.
Raj Jit Singh Wallia, Board Member at DP World Trade Finance noted that by integrating logistics and finance into a single ecosystem and leveraging risk-sharing mechanisms, they lower credit risk and improve liquidity where it’s needed most.
Wallia added that this is just one of many deals anticipated through the partnership, particularly as trade expands in regions like Central Asia and Sub-Saharan Africa.
James Fraser, Global Head of Trade & Working Capital at J.P. Morgan, emphasized the bank’s commitment to global trade facilitation.
