Jeddah, The International Islamic Trade Finance Corporation (ITFC) will organize on Wednesday in Jeddah the first meeting of the Board of Directors of the Aid for Trade Initiative for Arab States (AfTIAS2.0) Program. The meeting will announce the launch of the second phase of the program aimed at increasing trade opportunities between Arab countries, providing job opportunities for poor groups and supporting women and youth.

The launch of the second phase of the program, which will be implemented over five years, aims to encourage investment in infrastructure and digitization that would stimulate intra-Arab trade, and work on providing credit facilitations to increase the rates of inter-trade, and the establishment of programs that enhance the conditions of poor groups in Arab societies to improve their living conditions through trade. This is in addition to supporting and encouraging the participation of women in international trade and helping Arab countries to exchange knowledge, expertise and technology that contribute to the promotion of inter-Arab trade.

Source: Saudi Press Agency