Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today [20 September 2023]. 

New! Issue 18 of Trade Finance Talks, “The Rise of Collaboration in a Divided World”, is out now!

A first for the industry, TFG has partnered with major organisations in trade, treasury, and payments to speak openly about invaluable segment: the LGBTQ+ community.

The G20 Trade and Investment Ministerial Meeting was held in Jaipur, India, on August 24-25, 2023. The meeting focused on the future of trade and investment in the wake of the COVID-19 pandemic and the war in Ukraine.

Last month, I found myself staying with a nomad family in a traditional yurt (‘ger’), 300km West of Ulaanbaatar, Mongolia, staring at the overwhelmingly star-filled night sky.

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.

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.” 

The International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instruments (DNI) Initiative Day, hosted in London on 12 July 2023, served as an important platform for the future of trade finance.

In Central Asia and Caucasus, the potential annual market for SCF is relatively large, up to $18 billion in the medium term. However, few countries in this region use any form of SCF, and in some, the concept is barely known.

The ICC has unveiled eUCP Version 2.1, an alignment of the eUCP with the UNCITRAL MLETR

The International Chamber of Commerce (ICC), the world business organisation, has publicly praised a recent accomplishment by European Union (EU) policymakers – the successful conclusion of negotiations concerning the third revision of the bank capital framework, the Capital Requirements Regulation 3 (CRR3).

As an observer at the World Export Development Forum (WEDF) 2023, where Trade Finance Global (TFG) was a media partner, TFG had the opportunity to discuss these challenges and prospects with local and international delegates.

Ulaanbaatar, Mongolia’s capital city, played host to the 20th World Export Development Forum (WEDF) on June 27, 2023, where Mongolian President Ukhnaagiin Khurelsukh addressed a global audience. The International Trade… read more →

The International Chamber of Commerce (ICC) has recently concluded the Wave 1 Pilot, a critical step in shaping the future of sustainable trade finance. 

Historically, the Middle East and North Africa (MENA) region has always been a cornerstone of the global trade landscape, with its strategic location, abundant resources, and diverse economies. However, the region’s complex geopolitical dynamics, regulatory challenges, and ever-changing markets have posed significant obstacles to trade finance in recent decades.