Today, the OECD released their International Trade Statistics report for Q2 2023. The report offers an insight into the global trade landscape, highlighting significant shifts and trends. With a decline in G20 merchandise trade and a marked slowdown in services trade, the report paints a complex picture of international commerce.
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.
Globalisation is not dead, contrary to recent claims. Nowhere is this more evident than in global trade, where high-growth trade corridors in Asia, Africa and the Middle East are set to outpace the global average by up to four percentage points.
Central Asia is becoming increasingly attractive to investors. It has abundant natural resources and is strategically located, leading to its reputation as a region with untapped economic potential.
Though an important instrument in international trade, letters of credit are complex, and their definition can cause confusion….
$1.4 trillion dollars. Enough money to make anyone pause. That’s the current worth of the global pharmaceutical industry. The COVID-19 pandemic had far-reaching negative ramifications, but it was also a time of notable growth for the pharmaceutical sector.
ICC Trade Register confirms that for larger banks, credit risk in trade, supply chain, and export finance fall back to pre-pandemic levels.
The latest issue of TFG’s Trade Finance Talks, ‘Time’s Ticking for Tech’, is out now!
Your Monday morning coffee briefing from TFG: The acceleration towards green and renewable energy through cutting ties with Russian gas
Conflict with Russia has created a multitude of substantial repercussions for economies around the world, not least an ongoing disruption within the global energy market.
In addition to the joint sanctions placed on Moscow by the UK and other NATO countries in February, Office for National Statistics (ONS) figures have confirmed that UK private energy firms no longer import any oil or gas from Russia.
Structured trade finance is a type of debt finance that structures trade finance products from across the supply chain together. Learn everything you need to know about structured trade finance here.
The latest issue of TFG’s Trade Finance Talks, ‘SME trade finance: flying under the radar’ is out now!
Trade loans are used to finance transactions involving import or export trading and reflecting different stages in the commodity trade cycle, from pre-export financing to borrowing base facilities.
All trade loans, however, are used to finance imports, exports, or other trading transactions.
Using freight rate data from the Freightos Baltic Index, the AI-powered ocean freight visibility solution provider Windward seeks to better understand the impact of current trends on the China-US flow of goods, port congestion in both countries, ocean freight prices, and what is driving these changes.