TFG heard from ICC Austria’s Trade Finance Week, in an update around Letters of Credit and Incoterms, the problems, challenges and opportunities. Featuring Bob Ronai and Hugo Verschoren

ICC has taken the lead to keep trade moving during the Covid-19 pandemic by publishing the eUCP and eURC eRules guidelines for faster and efficient trade transactions.

The Buyer’s Request for Quotation (RFQ) and the responding Seller’s Quotation (QTO) need not be a kabuki dance event that only creates the appearance of engaging in a transaction.

We dive deeper into how Covid-19 impacted the shipping industry. Will the cruise liners be able to financially recover from this outbreak?

There is immense synergy to be unlocked between SMEs and trade finance funds by working closely together and developing relationships that allow for a level of comfort on both sides of the coin to be developed over time.

With competitive digital economy, Colombia will be able to plan for post-pandemic recovery and strengthen regional economies to adopt smart solutions linked to the Internet of Things that allow them to compete in global value chains.

The Local Currency System – SML – resurfaces as an alternative to recover trade flows not only in the Mercosur but also in other regions of the world which can implement it.

The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.

By eliminating unnecessary paperwork, Port Community Systems contribute to sustainable transport logistics and support the ambition of meeting global carbon reduction requirements.

With China receiving global backlash for alleged mishandling of Covid-19 crisis, resulting in businesses pulling out, can its neighboring counties with the latter’s emerging economies seize the opportunity, or is China irreplaceable?