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The age old problem of document digitization in trade has probably been around since goods were traded using stone tablets in the Mesopotamian era. So who’s making a dent using blockchain / distributed ledger technology? From the updated WTO / TFG periodic table of projects in trade, we reveal 12 projects tackling this head on.

A crucial step towards end-to-end trade digitalization is creating an ecosystem that allows for seamless exchanges of data between existing platforms. A recent study from the WTO and TFG highlights 19 initiatives and the recent developments which are working towards digital standards for trade.

TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, on the critical role of Receivables finance industry in the recovery of global trade growth during this challenging period.

How can SME Climate Hub create an ecosystem to enable SMEs to leverage climate action as a powerful means of increasing their competitive advantage and help in accelerating the race to a net-zero future?

TFG heard from the CFTC’s Heath P. Tarbert, on CFTC’s tremendous accomplishments in achieving integrity through sound derivatives regulation.

TFG will be hosting a Tradecast (webinar) on the 15th October, covering topics around MSME financial inclusion, the ever-increasing trade finance gap, and changing Global Value Chains (GVCs), featuring experts from ABSA, Mastercard, ICC and Asian Development Bank (ADB).

TFG’s Deepesh Patel heard from Caroline Stockmann, Chief Executive, Association of Corporate Treasurers on lessons learned from the
Covid-19 pandemic on building resilience in treasury.

Today we’re joined by UKTPO’s L. Alan Winters, talking about the power of good trade policy, how trade negotiations are done, and how to mitigate the negative effects of trade.

Gareth Bridgland from Perrys Chartered Accountants has outlined the main points to help you prepare your company well ahead of the deadline and make any required adjustments as things change.

TFG heard from José Manuel Campa, Chairperson, EBA on the key initiatives taken by the banking sector to support the economy post-Covid such as technology and innovation in banks and prevention of financial crime.

With this global pandemic, it is recommended to encourage the use of guarantees and counter-guarantee subject to URDG 758 as it provides a balance between the interests of all the parties involved.

TFG heard from ICC’s Secretary General John Denton and talked about actions needed from governments, private sector leaders and international institutions to ensure the continued viability of our MSMEs.

As Brexit starts to make its way back to the front pages, the tensions in the negotiations to date and the significant gaps between the parties have been laid bare.

How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?

Trade digitization and electronic documents will be the new-norm as a result of the COVID19 pandemic which will accelerate the transformation process.