Archive for July, 2023

Today, the EU and Singapore commence negotiations on a digital trade agreement. This proposed agreement is poised to provide legal assurance for comprehensive digital trade and to enhance protections for… read more →

The Electronic Trade Documents Bill has today received Royal Assent, and is officially an act of law (the Electronic Trade Documents Act), promising to transform the way international trade is conducted electronically.

Back in January, Trade Finance Global (TFG) reached out to trade finance experts to pick their brains about what to expect in the industry in 2023. Entering the year, there was a lot of uncertainty surrounding the larger economic environment. Some people were optimistic, some people were pessimistic, but everyone was open about being unsure.

The Asian Development Bank (ADB) and the African Development Bank have today formalised a $1 billion sovereign exposure exchange deal with the objective of augmenting their capital adequacy levels and… read more →

Micro, small and medium-sized businesses are the backbone of employment and economic growth in West Africa. How can short-term credit insurance help these businesses to grow and prosper?

From September 2023, leading aluminium rolling mill Niche Fusina Rolled Products (Fusina) will source 100% of its primary aluminium from low-carbon suppliers, via Concord Resources Limited. Precise carbon footprints will… read more →

In a bid to bolster the global presence of the Indian rupee, India and the United Arab Emirates have reached an agreement to utilise their respective local currencies for cross-border… read more →

The Export Credit Agency of Bosnia and Herzegovina IGA plays a pivotal role in driving economic growth and supporting the country’s exporters. As an export credit agency (ECA), our main objective is to help businesses navigate the complexities of international trade by providing access to finance, managing risk, and offering other crucial support services. 

The UK announced on Tuesday its plan to engage in discussions with Turkey to update their existing bilateral free trade agreement. The goal is to expand the scope of the… read more →

Almost every traded good in existence has sailed the high seas. The constant flow of products across oceans is necessary for meeting growing consumer demand. However, global shipping is also a significant driver of climate change, emitting more greenhouse gases than most countries.

At the official opening of the World Export Development Forum 2023, hosted in Ulaanbaatar, Mongolia, Ms. Rabab Fatima, the United Nations Under Secretary General and High Representative for the Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs), and Small Island Developing States (SIDS), addressed the international trade audience, sharing her insights on the theme “Vision to diversify trade in ways that are green, digital, and organic – and bring small businesses into regional and global trade.” 

Russia announced on Monday the suspension of a vital humanitarian corridor established to facilitate the export of crucial Ukrainian grains to global markets, just hours before the deal’s termination.  The… read more →

Business and Trade Secretary Kemi Badenoch officially signed the accession treaty to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in New Zealand, marking the beginning of the UK’s… read more →

Correspondent banking is a cornerstone of international finance, offering a critical conduit for transnational transactions and financial services. But as with any large, intricate and partially opaque financial system that relies on mutual trust, it is also a prime target for illicit exploitation, particularly money laundering.

Volante Technologies, a company specialising in cloud payments modernisation, has expanded its existing collaboration with KPMG LLP. The two have developed a new ISO 20022 maturity model designed to assist… read more →