Today, Trade Secretary Kemi Badenoch flew to Switzerland to launch negotiations on a new UK-Switzerland free trade agreement (FTA) to boost trade between the two services superpowers. Switzerland is one… read more →
Your Monday morning coffee briefing from TFG, 15th May 2023
The COVID-19 pandemic caused global central banks to take emergency action to support the world’s economies; one such measure was the rapid cut in interest rates to record lows.
The United States Dollar has been the de facto global currency for the better part of the past century. While rhetoric questioning its longevity in this role has been around for decades, the past year has seen more leaders of rapidly emerging economies beginning to question why it still needs to be this way.
The resilience of Ukrainian businesses deserves special attention. Entrepreneurs have not only survived the beginning of the war, but continue to develop their businesses. According to a survey, as of March 2022, only 13% of enterprises were operating as they were prior to the war, 48% were operating at partial efficiency, and 35% suspended operations and were waiting for better times.
VIDEO: Learn more about the letter of credit and the rules governing its use in this four-part interview series with Pradeep Taneja of ICC Bahrain. Includes: tips and explanations of the UCP 600 and the evolution of the rules.
British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma while in Washington. The British embassy noted that while on the trip, Huddleston hailed another… read more →
To put it lightly, the past few years have been a rollercoaster ride for trade finance. Recent challenges have pushed the industry to the boundaries, which has created significant angst for many. However, this struggle also has a silver lining.
The UK is set to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an expansive free trade area of 11 countries spanning the Indo-Pacific. The new agreement follows… read more →
UK Export Finance (UKEF) today announces it has appointed its first International Export Finance Executive (IEFE) for South Korea. With £4 billion of funding on offer to buyers, provided they… read more →
Today the Digital Container Shipping Association (DCSA) announced a commitment for its members to transition from paper bills of lading to electronic bills of lading by 2030. The switch is… read more →
Though an important instrument in international trade, letters of credit are complex, and their definition can cause confusion….
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S. Ditlev Blicher, president of Asia-Pacific for the shipping line… read more →
Greek companies engaged in international activities will benefit from a new €200 million trade finance partnership between the European Investment Bank (EIB) and HSBC Bank plc announced in Athens today,… read more →