Recently, ICBC project on metallurgical equipment to Brazil Gerdau Acominas from China Minmetals Corporation and China Metallurgical Group Corporation won the "2005 Best Trade" awarded by UK Global Trade Review (GTR). This was the first time that ICBC export buyer credit project won such an award, and also the second global award that ICBC Export Buyer Credit service received after "2003 Best Trade" from Trade Finance for ICBC Zhongxin Algeria Telecom Project.

Global Trade Review, headquartered in London, is a world renowned trade financing magazine, offering timely, in-depth consultancy and analysis in global trade financing, export credit and risk market for banks, insurance companies, lawyer firms, consultancy companies, traders and exporters throughout the world. Competition for this round of "2005 Best Trade" was intense as applications involved in projects from major commercial banks all over the world. ICBC was the only China bank selected, and the first China bank won the award as well. This award indicates ICBC Export Buyer Credit service has gained initial recognition from international peers.

This project of metallurgical equipment to Brazil Gerdau Acominas from China Minmetals Corporation and China Metallurgical Group Corporation was jointly undertaken by ICBC and BNP Paribas with 50% credit from both parities. Borrower was Brazil Gerdau Acominas. This was the first export buyer credit project undertaken by ICBC after it gained its foothold in Latin America. This Project evinced the strong support given to China enterprises to "Go out to the world" and furthered a cement relationship between bank and enterprise, bank and insurance companies, and correspondent banks to achieve a multi-win result for all.