Issue 01 . Jan 2022
This issue of Trade Finance Talks explores the key themes and challenges currently facing the trade finance industry, as highlighted at BAFT’s Global Annual Meeting. The Russian invasion of Ukraine has not only caused a devastating humanitarian crisis but also significantly impacted global markets, particularly in commodities and payments. The issue emphasises the importance of digitalisation in trade, noting that while it promises to bridge financial and physical supply chains, challenges such as interoperability, legal adoption of UNCITRAL’s MLETR, and a lack of standardisation persist. The issue also addresses the growing pressure surrounding environmental, social, and corporate governance (ESG) within trade, highlighting the urgency for firms to combat climate change and ensure fair treatment of supply chain actors. Financiers are called to play a crucial role in facilitating early transition plans towards sustainability. Amidst these turbulent times, the issue features insights from experts and thought leaders who discuss these and other macroeconomic and geopolitical issues shaping the global trade landscape today.