ICC

A new ICC report, released yesterday, estimates that if G7 countries can deliver on legal reform, standardisation, and adoption of digital records, then trade between them could rise by about 43% above its 2019 value by 2026.

The magnitude and pressure around climate change and the United Nations (UN) agenda can give an opportunity to make a joint effort to transform supply chains more sustainable.

Uniform Rules for Digital Trade Transactions (URDTT) Version 1.0 released by the ICC, October 2021.

These are the first ICC universal rules for completely digital trade transactions using Internet protocols. The following are edited highlights.

The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.

The District Export Council of San Diego and Imperial Valley (SDIDEC) has sponsored the first workspace for ICC eRules guidelines for digital trade transactions.

Has digital trade finally arrived with the ICC eRules guidelines? John Dunlop explains how this might be true.

COVID-19 has provided us with an opportunity for a reset, and so has the ICC’s leadership at the Banking Commission. TFG’s editor, Deepesh Patel, sat down with Lynn Ng, the ICC’s new Banking Commission chair, to discuss the ICC’s new governance strategy moving forward, and some of the key priorities for the Banking Commission.

The International Chamber of Commerce (ICC) Banking Commission recently announced a single Steering Committee for its work on trade, supply chain and export finance, comprising one Chair and 12 Vice-Chairs.

Deepesh Patel, Editor at TFG summarised the key themes discussed during ICC Mexico’s three-day virtual event on The Digital Future of Trade and Supply Chain Finance.

Owing to the pandemic, eUCP Version 2.0 and eURC Version 1.0 rules created by the ICC have received increased interest over the past few months. There is a growing realisation by practitioners that paper documents are causing delays and disruption.

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.

In partnership with ICC Austria, Trade Finance Global’s Editor, Deepesh Patel, hears from Kwabena Ayirebi from AfreximBank and Isaac Mahanke from Standard Bank about trade digitisation, compliance and risk in a post-COVID-19 world.

ICC Austria Talks trade with Trade Finance Global on an Africa focused panel on sustainable trade finance and its increasing importance.

Your Monday morning coffee briefing from TFG. The WTO is forecasting growth in global merchandise trade of 8.0% this year following a contraction of 5.3% in 2020.

The pandemic has undoubtedly had countless negative implications for the global community. However, amidst all the turmoil there have been some silver linings.