If the Electronic Trade Document Bill trade bill is passed this year, digital documents will be recognised under UK law, which could prove pivotal for global trade. Could blockchain hold the key to a painless and secure switchover to a digital-first trade world?
TFG spoke to two leading trade credit risk management experts, Marian Berden and Robert Meters of Schumann on how technology has the potential to help business avoid some of the costs and stresses associated with current economic conditions.
If a new trade bill is passed during the current UK parliamentary term, digital paperwork could be legalised under English Law, which could be a landmark moment for the trade and export industry.
TFG talked to Erik van der Marel, chief economist at the European Centre for International Political Economy (ECIPE), about his predictions for the future of the global economy.
Female-owned export companies are being unfairly excluded from receiving trade finance loans, and more needs to be done to remove gender bias from the decision-making process, according to experts at this year’s World Trade Symposium.
The Secretary General of the International Chamber of Shipping (ICS), Guy Platten, admits there’s still work to be done to decarbonise the commercial shipping sector.
The World Trade Organisation (WTO) has announced that it is revising its merchandise global trade growth forecast for 2022 from 4.7% to 3% due to ongoing concerns about the impact of the Russia-Ukraine conflict, and lockdowns in China.