TFG heard from Noviland’s Francois Jaffres on the real challenges of COVID-19 on purchasing PPE from Chinese suppliers and the impacts on payment terms such as LCs
Here the story has been less dramatic. After the initial collapse in the pound to a 35-year low against the USD and 11-year low against EUR, we’ve seen a recovery to a level slightly above the average since the Brexit vote.
Following warnings to UK government Ministers around exporters being locked out of the Coronavirus Business Interruption Loan Scheme (CBILs) by banks, the UK government has clarified its position.
London, 21 April 2020 – A preliminary report released today outlines a significant cumulative response from insurers of export credit, resulting in four broad categories of support, based on: Supporting… read more →
Trade finance has been helping SMEs, middle market businesses, and the corporate sector to manage their financial issues. Here is all you need to know about how it suits your business.
ITFA, BAFT, Berne Union, IACPM, IUA and LMA today wrote to European Union policymakers about the importance of facilitating bank lending amid the COVID-19 crisis.
(Geneva) – The International Trade Centre has launched a new dashboard to monitor temporary trade measures adopted by governments responding to the global COVID-19 pandemic. At the same time, ITC has announced… read more →
“WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008-2009″
Cairo, 08 April 2020: – The African Export-Import Bank (Afreximbank) today in Cairo released its audited financial statements for the year ended 31 December 2019, showing strong and consistent growth, with… read more →
TFG’s Carter Hoffman explores the current and potential impact of COVID-19 on both international trade and trade finance. Business as unusual, the decisions we make now will have long lasting impacts.