The Department for International Trade has recently published its Global Trade Outlook report. TFG summarised of the key points from the report, outlining what could be in store for global trade between now and 2050.
The impact of the March 2021 incident of the container ship M.V. Ever Given with around 18,300 containers onboard running aground in the Suez Canal has generated international attention and its consequences will continue to unravel for years to come.
COVID-19 puts international trade to a halt following the closure of the Ningbo-Zhoushan port in China and causing a global microchip shortage. There are other unanticipated issues to account for, such as the Suez Canal blockage.
Prime Minister Boris Johnson has appointed ten Trade Envoys who will boost British business in dynamic markets such as Australia, Brazil and Canada. These Trade Envoys are set to promote… read more →
World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence?
The World Economic Forum/Ipsos’s latest survey on globalisation has found that 1 in 2 is unsure about the benefits of globalisation. Public perception of globalization has declined over the past… read more →
European Union unveiled new legislation to help meet its goal of reducing net greenhouse gas emissions by at least 55% by 2030, including a controversial plan to tax foreign companies… read more →
The UK’s development finance institution and impact investor, CDC Group, has announced the close of a $30 trade finance loan to City Bank, one of Bangladesh’s top-performing private banks. Trade… read more →
The ICC has published its 2019 and 2020 interim findings from its Trade Register on the performance of short-term trade and supply chain finance assets.
The agreement aims at boosting trade development across the country’s agriculture, energy, healthcare, and private sectors over a period of five years. The International Islamic Trade Finance Corporation (ITFC), a… read more →
Documentary credits are one of the oldest, most sophisticated, and safest payment instruments used in international trade.
UK Export Finance (UKEF) is launching a new guarantee scheme that will help importers of UK goods and services obtain easier access to financing up to £30 million.
Distributed Ledger Technology (DLT), colloquially termed ‘blockchain’ has been touted to disrupt trade and supply chain, as well it’s financing, for over 5 years. Following on from TFG, WTO and ICC’s ‘Periodic Table’ enlisting 39 projects in global trade utilising DLT, we’ve relaunched our table, indicating that the industry has considerably matured and evolved in less than 12 months.
The CFI.co judges have conferred on FCI the 2020 award for Best Trade Finance Innovator Global 2020. Highlights of the judging panel’s findings include: FCI is the global representative body for the factoring and open-account… read more →