Category: For Exporters

For Exporters

Government’s post-transition border plan published today (13 July): 10 things traders need to know

The government today (13 July) published its post-transition border plans for goods moving between the GB and EU and provided guidelines for how importers and exporters can prepare for new trade rules. Cabinet minister Michael Gove, in announcing the publication today in parliament, said the plan would “assist the smooth movement of goods and will also help… Continue reading Government’s post-transition border plan published today (13 July): 10 things traders need to know

Wirecard’s Travails and Lessons for the Trade Finance Community

Wirecard is suspected of misleading investors through aggressive accounting practices including inflating sales and revenue in order to appear to be performing better than it is actually doing.

Is ‘video’ the next big thing in trade finance?

Many new fintechs are fielding trade transaction cloud platforms that combine video technology with non-bank trade finance that is going to fill the vacuum created by the banking industry.

How to Prevent Double Invoice Fraud

EIPP in combination with blockchain can help banks avoid duplicate Invoice Financing and perform dedupe effectively.

WTO issues latest edition of World Tariff Profiles

The WTO issued on 6 July the latest edition of its annual publication World Tariff Profiles, which provides comprehensive information on the tariffs and non-tariff measures imposed by over 170 countries and customs territories. The publication is jointly prepared by the WTO, the United Nations Conference on Trade and Development and the International Trade Centre.… Continue reading WTO issues latest edition of World Tariff Profiles

Banking the unbanked – how the trade finance asset class can stimulate economic growth in emerging economies

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.

China and UK: what could a Chinese trade and economic backlash look like?

The UK’s response to new security laws in Hong Kong and the decision to offer a route to citizenship for almost three million Hongkongers has been met frostily by China. Last week, China said it will take counter-measures against the UK should it grant residency to Hongkongers, promising that the UK would “bear all consequences”. Yesterday, China’s ambassador to… Continue reading China and UK: what could a Chinese trade and economic backlash look like?

How should Colombia transform its oil-dependency for an eventual post COVID-19 global economic rebound?

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.

Local Currency System (SML) – secret ingredient for trade flow recovery

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.

PODCAST: ‘China Plus One’ Strategy – Best of Both Worlds? (S1 E45)

TFG heard from Dr. Deborah Elms, CEO, Asian Trade Centre on the impact of COVID19 for businesses in Asia Pacific and how governments and policymakers can accelerate the economic recovery.

UKEF publishes its 2019-2020 results and new Business Plan for 2020-2024

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.

Government support secures major contract for UK construction in Benin

The Government’s export credit agency, UK Export Finance, provides over £100 million in direct lending for project to redevelop a 114-mile road in Benin  Sogea-Satom UK will source goods and services from the UK supply chain and boost UK exports to the region The upgraded road will facilitate trade between West African countries   Exports… Continue reading Government support secures major contract for UK construction in Benin

ELCY and essDOCS announce enhanced LC data integration

In line with their partnership and continued collaboration, ELCY, the leading e-commerce solutions provider for the international trade finance marketplace, and essDOCS, the leading enabler of paperless trade, announced today a major enhancement to Letter of Credit (LC) data integration between ELCYmbp and CargoDocs.  [box] [/box] The new, improved data integration reflects the close working… Continue reading ELCY and essDOCS announce enhanced LC data integration

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