Estimated reading time: 15 minutes
Your Monday morning coffee briefing from TFG:
- Guide launch: Future-proofing trade finance with sustainability
- VIDEO | Data analytics: The holy grail of commodities markets
- Are we nearing a turning point for local currency in cross-border payments?
- From fragile to agile: How supply chain finance supports resilience
- Indonesia and Peru sign bilateral free trade agreement
- The practical application of the URDG in international trade
- Visa teams up with AAHK and Shanghai Commercial Bank to digitalise freight SME payments
- Canadian payments giant Moneris may be up for sale for £1.5 bn
- South Korea and Canada break the ice with Arctic shipping
Guide launch: Future-proofing trade finance with sustainability
Trade Finance Global (TFG) is excited to release our latest guide, which adds to the current body of literature on ESG and trade finance by clearly connecting sustainability and stakeholder perspectives. We are particularly grateful for our collaborators at UK Export Finance. Read more →
VIDEO | Data analytics: The holy grail of commodities markets
Andrea Stone, the CEO of Zema Global, is passionate about the positive impact and contributions digital tools and processes can make to commodity trading. Her discussion with Charles Osborne, Director at Trade Finance Global (TFG), makes this passion infectious. Read more →
Are we nearing a turning point for local currency in cross-border payments?
Carsten Hils of Marex discusses how, with a lack of clarity on dollar indices, conducting cross-border payments in local currencies could render the global payments landscape more sharply. Read more →
From fragile to agile: How supply chain finance supports resilience
Some firms are relocating manufacturing to the US, while others are exploring inventory strategies to manage potential tariff exposure. Within this context, SCF is gaining renewed relevance – supporting working capital optimisation and helping mitigate risk to keep supply chains resilient and responsive. Read more →
Indonesia and Peru sign bilateral free trade agreement
Peru is currently subject to a baseline 10% tariff from the US, their second-biggest trading partner after China. Meanwhile, Indonesia and the US came to a trade agreement on 22 July that will provide the US access to over 99% of Indonesian markets and impose a 19% reciprocal tariff on Indonesian exports. Read more →
The practical application of the URDG in international trade
Over the past three decades, both courts and arbitral tribunals have increasingly acknowledged the uniform rules for demand guarantees (URDG) as a significant reference point for customs and practices governing demand guarantees. Read more →
Visa teams up with AAHK and Shanghai Commercial Bank to digitalise freight SME payments
Visa launched a pilot project in collaboration with the AAHK and Shanghai Commercial Bank to introduce a commercial card-based working capital solution for co-lading. The pilot, targeted at SME freight forwarders, is expected to make B2B payments more secure and transparent. Read more →
Canadian payments giant Moneris may be up for sale for £1.5 bn
One of Canada’s largest payments providers, a joint venture between the Royal Bank of Canada (RBC) and BMO, will soon be up for sale at a valuation of about £1.5 billion, Reuters reports. Read more →
South Korea and Canada break the ice with Arctic shipping
South Korea announced on Monday that it would establish an Arctic shipping route, with the pilot project set to begin next year. Canada is also considering using Arctic ports to establish new trade routes with Europe. Read more →
TFG Weekly Trade Briefing, 11th August 2025
- UNCTAD report urges a rethink of global trade to tackle plastic pollution
- Afreximbank pushes digital payments drive in Central Africa
- JP Morgan and Oracle team up with FedEx on supply chain finance innovation
- Export Finance Australia extends £75m debt facility for infrastructure in SE Asia
- How to crack the UK code: Shipping to the UK from India
- White House Digital Assets Report paves the way for US deregulation
UNCTAD report urges a rethink of global trade to tackle plastic pollution
Trade Finance Global (TFG) spoke to Luz María de la Mora, UNCTAD’s Director of the Division on International Trade and Commodities, to find out more about plastics in trade: especially as the UN works to develop an International Legally Binding Instrument (ILBI) on plastic pollution. Read more →
Afreximbank pushes digital payments drive in Central Africa
The African Export-Import Bank has intensified efforts to streamline cross-border trade across Central Africa, bringing together senior banking executives in Douala, Cameroon, this week to advance its digital payment platform, AfPAY. Read more →
JP Morgan and Oracle team up with FedEx on supply chain finance innovation
JP Morgan Payments has launched a supply chain finance solution (SCF) integrated directly into Oracle’s cloud-based enterprise software. Logistics company FedEx is the inaugural client for the new system. Read more →
Export Finance Australia extends £75m debt facility for infrastructure in SE Asia
Export Finance Australia (EFA), Australia’s government export finance and development agency, announced on Friday, 1 August, that it had granted a £75 million debt facility to the Emerging Africa and Asia Infrastructure Fund (EEAIF), a blended finance fund managed by Private Infrastructure Development Group. Read more →
How to crack the UK code: Shipping to the UK from India
The Comprehensive Economic and Trade Agreement between the UK and India, signed on 24 July, has platformed significant bilateral trade opportunities between the world’s fifth- and sixth-largest economies. Read more →
White House Digital Assets Report paves the way for US deregulation
In a report released on Wednesday, 30 July, the President’s Working Group on Digital Assets Markets surveyed the current state of US digital assets and their regulatory status and made recommendations that could see a resurgence of the sector in the US. Read more →
TFG Weekly Trade Briefing, 4th August 2025
- TFG Tariff Tracker 2.0: A recap before the 1 August deadline
- Trafigura and K-SURE collaborate to support Korean shipping companies
- Singapore court dismisses £14m letter of credit fraud claim
- Group of US small business owners sue Trump over tariffs
- Red Sea shipping disruption set to continue with Houthi escalation
- US-EU trade deal: 15% tariffs on EU exports and cars, US faces “zero tariff”
TFG Tariff Tracker 2.0: A recap before the 1 August deadline
Our timeline monitors which countries have negotiated deals (and what they entail), which are facing higher levies, and how often the turbulent past few months have led to where we are now. Read more →
Trafigura and K-SURE collaborate to support Korean shipping companies
The Korea Trade Insurance Corporation (K-SURE) has signed a $200 million mid- to long-term financing agreement with commodities trading house Trafigura, marking the first time an export credit agency (ECA) has provided financial support based on time charter agreements. Read more →
Singapore court dismisses £14m letter of credit fraud claim
The Singapore Court of Appeals ruled that a Chinese oil trader did not need to reimburse its client’s lender, a Swiss bank, which claimed the oil trader had made fraudulent representations in documents related to a letter of credit. Read more →
Group of US small business owners sue Trump over tariffs
A lawsuit by a group of five small business owners against the Trump administration will be heard by a major US court on Thursday, in what could be a major challenge to US President Donald Trump’s extensive tariff agenda of the past few months. Read more →
Red Sea shipping disruption set to continue with Houthi escalation
Yemen’s Houthi militants announced on Sunday an escalation of attacks on merchant ships, expanding targeting to include vessels belonging to any company conducting business with Israeli ports, regardless of nationality. Read more →
US-EU trade deal: 15% tariffs on EU exports and cars, US faces “zero tariff”
Yesterday, the EU and US finally reached an agreement on a trade deal which will bring tariffs on most EU exports, including cars, to 15% – down from the threatened 30% announced as part of the Liberation Day tariffs. Read more →
TFG Weekly Trade Briefing, 28th July 2025
- What do SMEs expect, and how can these expectations be met?
- 5 takeaways from the BAFT Global Annual Meeting 2025: The tug-of-war between localisation and collaboration
- VIDEO | Can AI finally fix cross-border payments?
- Development banks: The natural arbiters
- The rise of T-bill agents: What treasurers really want and what they’ve been missing
- Global trade is reducing emissions but increasing air pollution, World Bank report finds
- US and Japan agree new trade deal, automobile industry sees positive signs
- UK trade roundup: Non-EU trade boosts imports as goods exports suffer
What do SMEs expect, and how can these expectations be met?
Micro, small, and medium-sized enterprises (MSMEs) employ over 70% of the world’s workforce, and their supply chains contribute up to 90% of global business. At the same time, they struggle more than anyone to access finance. Read more →
5 takeaways from the BAFT Global Annual Meeting 2025: The tug-of-war between localisation and collaboration
Navigating the trade finance landscape, with constant dodgeballs in the form of geopolitical tensions, regulatory requirements, and threatening technology, requires considerable agility. But this year’s BAFT Global Annual Meeting, in Washington, DC, revealed the considerable opportunity in times of turbulence. Read more →
VIDEO | Can AI finally fix cross-border payments?
Mick Fennell, the business line director for payments at Temenos, shared some insights into this at the Money 20/20 Europe conference in Amsterdam this June. “We see enormous opportunities for AI within the entire payment space, and it’s more of a surgical way of introducing it to various aspects of processing,” he said. Read more →
Development banks: The natural arbiters
The idea is straightforward but powerful: development banks could subsidise and maintain shared compliance infrastructure to facilitate transactions between markets that currently lack the necessary trust architecture. Read more →
The rise of T-bill agents: What treasurers really want and what they’ve been missing
Treasury professionals largely consider T-bills a secure place for corporate cash. 66% of survey respondents said they would feel safer holding T-bills directly in their name, free from counterparty or redemption risk. But only 12% actually do. The rest? Spread across accounts and instruments exposed to counterparty risk. Read more →
Global trade is reducing emissions but increasing air pollution, World Bank report finds
A recent report by the World Bank has found that global trade, especially between developed and developing countries, is reducing greenhouse gas emissions by as much as 2.2% annually. However, the opposite effect is seen in emissions of PM2.5, tiny airborne particles responsible for air pollution, which worsen as global trade increases. Read more →
US and Japan agree new trade deal, automobile industry sees positive signs
In what US President Donald Trump has described as “perhaps the largest Deal ever made”, this marks a deescalation from the previously agreed 25% rate – but higher than the 10% rate which was in place while negotiations were ongoing. Read more →
UK trade roundup: Non-EU trade boosts imports as goods exports suffer
UK trade has grown by 3% over the past year, mostly pushed by a 4% rise in imports and increased trade with countries outside of the European Union (EU), according to the Government’s latest report on the UK’s trade data. Read more →
TFG Weekly Trade Briefing, 21st July 2025
- Trade disruption insurance: A versatile risk transfer product for commodity traders and lenders
- AI and interoperability take centre stage at Surecomp and Traydstream’s Collaborative Trade Finance Innovation Forum
- C-Suite speaks: Arnulf Romann reflects on a quarter century in factoring and receivables
- Germany-China digital trade test executed between Commerzbank, Siemens, and FMS
- UN Commission approves draft legislation on negotiable cargo documents
- VOXPOP | BYOL: Bring your own license models for deploying AI
- EU and Indonesia reach agreement to remove trade barriers
- DP World sign $800m deal to redevelop Syrian Tartus port
- Panama Canal BlackRock sale in jeopardy as China pushes for ownership stake
Trade disruption insurance: A versatile risk transfer product for commodity traders and lenders
TDI covers importers and exporters from losses stemming from force majeure events, political risks, port blockage, and a host of other perils specific to international physical trade transactions. Read more →
AI and interoperability take centre stage at Surecomp and Traydstream’s Collaborative Trade Finance Innovation Forum
During panels, roundtables, and presentations, these five themes came up again and again at the Collaborative Trade Finance Innovation Forum on 18 June, a joint effort between Surecomp and Traydstream. Read more →
C-Suite speaks: Arnulf Romann reflects on a quarter century in factoring and receivables
Arnulf Romann, CEO and co-founder of efcom, discuss this remarkable evolution and the role of technology in reshaping the receivables landscape, coinciding with efcom’s silver jubilee, celebrating a quarter century in the industry. Read more →
Germany-China digital trade test executed between Commerzbank, Siemens, and FMS
The test transaction showcased the exchange of digital original documents between a German exporter and Chinese counterparts, utilising technology from Swedish company Enigio and Chinese trade platform TradeGo. The eBL was processed through systems built on standards from the Digital Container Shipping Association (DCSA). Read more →
UN Commission approves draft legislation on negotiable cargo documents
The draft convention, approved on Monday, 14 July, during UNCITRAL’s 58th session, addresses a legal gap that has hampered international commerce. Until now, only maritime transport has benefited from widely recognised negotiable documents. Read more →
VOXPOP | BYOL: Bring your own license models for deploying AI
At the Money 20/20 Europe conference in Amsterdam this year, Trade Finance Global (TFG) spoke with Anders Meinert Jørgensen, Co-founder & CEO at Avallone, who explained why enterprise clients remain cautious about AI in Know Your Customer (KYC) processes. Read more →
EU and Indonesia reach agreement to remove trade barriers
On Sunday, the EU and Indonesia announced they had reached a “political agreement” on the Comprehensive Economic Partnership Agreement (CEPA), a deal expected to increase trade between the two countries and remove most tariffs. Read more →
DP World sign $800m deal to redevelop Syrian Tartus port
In one of the largest foreign investments in the war-torn country since the fall of Bashar al-Assad’s regime, DP World has secured an $800 million, 30-year concession to redevelop Syria’s Port of Tartus. Read more →
Panama Canal BlackRock sale in jeopardy as China pushes for ownership stake
Chinese officials have threatened to block a massive £18 billion port acquisition by BlackRock which would see the Panama Canal, currently owned by Hong Kong-based CK Hutchinson, go into American hands, the Wall Street Journal reports. Read more →
TFG Weekly Trade Briefing, 14th July 2025
- VIDEO | The three-in-one magic of factoring amidst volatility
- Accelerating trade finance automation with AI
- India and the new era of global trade and supply chain finance
- Architects of trust: AI and compliance in Africa’s financial transformation
- VOXPOP | Agentic AI in the future of payments
- U.S. Bank executes its first fully blockchain-based trade finance transaction
- Real-time, real pressure: How banks are building resilience
- India’s UPI payment system expands across UAE in digital finance push
VIDEO | The three-in-one magic of factoring amidst volatility
Speaking at the European Bank for Reconstruction and Development’s (EBRD) Annual Meeting in London on 13 May 2025, Çağatay Baydar, Chairman of FCI, was struck by the “vibrant energy” between the countries and companies under EBRD’s remit. Read more →
Accelerating trade finance automation with AI
The focus remains on augmenting human expertise rather than replacing it, ensuring that the technology serves to enhance rather than eliminate the strategic value that experienced trade finance professionals provide. Read more →
India and the new era of global trade and supply chain finance
With the world’s most advanced digital public infrastructure (DPI) and a thriving fintech ecosystem, India is already at the heart of reimagining working capital. Read more →
Architects of trust: AI and compliance in Africa’s financial transformation
There is a precedent in Africa for turning weakness into strength. For instance, the African mobile payments landscape is extremely vibrant: in 2022, mobile money transactions in Africa hit $1 trillion. Legacy infrastructure on the continent was not a limiting factor, and they went straight to digital. Read more →
VOXPOP | Agentic AI in the future of payments
At the Money 20/20 Europe conference in Amsterdam this year, Trade Finance Global (TFG) spoke with Rosie McConnell, Product Director at IFX Payments, on the single biggest trend she had observed at this year’s conference. Read more →
U.S. Bank executes its first fully blockchain-based trade finance transaction
The Minneapolis-based bank is the first American lender to execute a transaction using WaveBL, a blockchain platform that enables encrypted document transfers between trading partners and their financial institutions. Read more →
Real-time, real pressure: How banks are building resilience
Focusing on this transformation, Trade Finance Global’s Mahika Ravi Shankar spoke to Erik De Belder, Director of North America and the UK at Vyntra. They discussed how the data-focused fintech company is helping banks gain real-time visibility over their transaction flows. Read more →
India’s UPI payment system expands across UAE in digital finance push
India’s digital payment infrastructure is making inroads into the United Arab Emirates (UAE), as the country’s leading fintech organisation advances plans to integrate its Unified Payments Interface (UPI) across the Gulf state’s retail and hospitality sectors. Read more →
TFG Weekly Trade Briefing, 7th July 2025
- VIDEO | How stable is a stablecoin?
- PODCAST | Sowing the seeds for sustainable finance
- VIDEO | BAFT’s strategic independence in an era of geopolitical complexity
- What Trafigura’s £16m victory means for trade finance
- Unlocking domestic capital markets through DFIs
- Trade credit insurers see record demand as protectionism fragments global commerce: Findings from the Aon’s Credit Solution Market Insight Report
- Oracle introduces trade and supply chain finance cloud services
- VOXPOP | Nigeria as Africa’s fintech and payments hub
VIDEO | How stable is a stablecoin?
At the Money 20/20 Europe conference this year in Amsterdam, TFG spoke to Shane Riedel, founder and CEO of Elucidate, which provides regulatory, compliance, and risk assessment services to the financial industry. Read more →
PODCAST | Sowing the seeds for sustainable finance
The energy transition appears to have been a constant back and forth between opportunities and complex regulatory and ESG challenges, and nowhere is this more pertinent than in commodity finance. TFG spoke with Christine Dirringer, Global Head of Trade and Commodity Finance at Rabobank, about how the industry is evolving to meet these demands. Read more →
VIDEO | BAFT’s strategic independence in an era of geopolitical complexity
After more than two decades under the American Bankers Association (ABA) umbrella, the Bankers’ Association for Finance and Trade (BAFT) is charting a new course as an independent organisation. The separation, effective September 2025, will be in response to an increasingly fragmented global financial landscape. Read more →
What Trafigura’s £16m victory means for trade finance
On 23 June, the London High Court ruled that Singaporean commodities giant Trafigura could keep the £16 million it had been given in 2017 by Rasmala Trade Finance Fund, a Dubai-based fund. Read more →
Unlocking domestic capital markets through DFIs
In light of her recent promotion to Partner at Sullivan & Worcester UK LLP, Daniela Barrdear shared her thoughts with TFG about the role that development finance institutions (DFIs) play in emerging market development: harnessing her expertise and background on the subject. Read more →
Trade credit insurers see record demand as protectionism fragments global commerce: Findings from the Aon’s Credit Solution Market Insight Report
Trade credit insurers are bracing for a more challenging environment amidst projected decelerating global economic growth, compounded by uncertain geopolitical trajectories, according to Aon’s Market Insight Report for H1 2025. Read more →
Oracle introduces trade and supply chain finance cloud services
Announced on 30 June, Oracle has launched new cloud-based trade and supply chain finance (SCF) services designed to help banks accelerate lending to corporate clients and small and medium-sized enterprises (SMEs). Read more →
VOXPOP | Nigeria as Africa’s fintech and payments hub
Traditional payment systems in Africa are proving costly and inefficient, particularly for cross-border transactions. Read more →