The Cairo-headquartered Afreximbank announced on Wednesday that it has approved the launch of the $4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA). The programme is intended to… read more →
This article looks at the Central Bank of Egypt’s decision to stop accepting documentary collections for imported goods, and substitute them with letters of credit. The decision is expected to have wide-reaching implications for Egypt’s business community and banking sector, writes Haitham Elsaid.
In our latest podcast, TFG’s Deepesh Patel spoke with John Miller, chief economic analyst at Trade Data Monitor (TDM), about the surprising resilience of global trade over the last two years
Despite net zero targets agreed to at COP26, global demand for coal is hotter than ever. TFG’s Lewis Evans investigates why…
The head of the International Chamber of Commerce (ICC) has written an open letter calling on major institutions to protect small businesses impacted by economic sanctions on Russia. John W.H.… read more →
Letters of credit are one of the most commonly used trade finance instruments, and they are a great way to increase security and mitigate risk during a trade transaction
Freeports are a special kind of air, rail, or seaport, where normal tax and customs rules don’t apply, says John Lucy, director of Liverpool City Region Freeport
If you are a UK business that is importing or exporting goods post-Brexit, then you will need to be familiar with UK customs declarations
Germany’s exports rose 14% in 2021 compared with 2020, but the country’s trade surplus fell almost 60% towards the end of the year. New data from Germany’s Federal Statistical Office,… read more →
Germany’s trade surplus shrank for four consecutive months towards the end of 2021, as imports to Europe’s largest economy hit another record high. New data from Germany’s Federal Statistical Office,… read more →
The UK’s trade deficit with China has more than tripled after a year of lockdowns during the COVID-19 pandemic.
The UK government is preparing to introduce new rules on suppliers’ declarations for trade between Britain and the EU, which will come into effect at the end of 2021. As… read more →
The supply chain crisis appears to be subsiding, according to the World Trade Organization’s (WTO) most recent World Trade Report.
A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022.