Sixty-seven countries have delivered a landmark deal on services trade regulation that could save up to $150 billion in trade costs every year. The World Trade Organization (WTO) announced today… read more →
A new report has forecast that the UK economy will grow at a faster pace than any of its G7 rivals in 2021, but growth globally is losing momentum. The… read more →
The UK government has announced that it will deploy eight new attachés to promote trade and boost exports in key agri-food and drink markets overseas. The measures, unveiled yesterday, aim… read more →
CANCELLED: 12th WTO Ministerial Conference postponed indefinitely due to Omicron travel restrictions
The World Trade Organization (WTO) has announced that it has postponed indefinitely its 12th Ministerial Conference (MC12), citing new COVID-19 travel restrictions. The General Council – the WTO’s highest decision-making… read more →
A new study has found that lowering domestic red tape in services trade could save an annual $150 billion globally. The study, published on Friday by the Organisation for Economic… read more →
UK-based fintech Finastra has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates, and borrowers to calculate ARR… read more →
FCI Academy, the education arm of FCI, has launched a new e-learning course on Supply Chain Finance and Reverse Factoring. As the latest addition to FCI Academy’s six online modules,… read more →
UK Export Finance (UKEF) has announced significant changes to its range of products as the UK begins its first ever International Trade Week. As the UK’s export credit agency (ECA),… read more →
The UK government has announced an ambitious new plan to double the value of British exports to £1 trillion per year by 2030. Under the banner of ‘Made in the… read more →
US investment bank BNY Mellon has become the first bank to complete a trade finance deal using the CME’s new Secured Overnight Financing Rate (SOFR). In a trade finance loan… read more →
UK Export Finance (UKEF), the export credit agency of the British government, has issued its largest-ever financing guarantee to help build Turkey’s largest solar power plant. Backed by US-based GE… read more →
Gunvor USA, a subsidiary of Swiss commodities trader Gunvor Group, has closed the syndication of its $1.33 billion borrowing base credit facility. The facility includes a $500 million accordion feature,… read more →
UK Export Finance (UKEF), the UK’s export credit agency, has launched a call to action for British SMEs to “go green” and take advantage of renewable export opportunities. With expectations… read more →