With Vision 2030, Saudi Arabia has embarked on the boldest model of economic and social reform anywhere in the world. TFG spoke to SABB about this transformation in raising the Kingdom’s non-oil trade from 16% to 50% of GDP.
TFG heard from Drum Risk on some of the challenges inspection companies face in emerging markets.
Africa is home to 1.3 billion people spread across 54 countries, 20 of which have economies set to expand by an average of 5% or higher over the next five years. We spoke to BACB’s CEO about export opportunities in Africa.
TFG heard from Director of SMEunited, Luc Hendrickx on how to make international trade fit for MSMEs, and how WTO can help
TFG spoke to British Argentine Chamber of Commerce’s, Susana Ecclestone about Argentina’s trade opportunities.
TFG heard from the EBRD around their ambitious Green Economy Transition (GET) approach, including the Green TFP which has supported more than 600 foreign trade transactions with a total value of more than €400 million since 2016.
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora.
In today’s world, cheques and paper invoices really ought to have taken their place in the Retro Hall of Fame, alongside vinyl, polaroid cameras and the Nokia 3210. Curiously, however, paper-based payment practices have shown serious staying power with cheques still accounting for 51% of B2B payments. Why? A few reasons, but principal among them is ‘fear of the unknown.’
We discussed with AIG some of the challenges and opportunities in the trade credit insurance sector. Enabling the much-needed reduction of the trade finance gap, and bringing in a wider array of investors while mitigating the risks of such expansion in the backdrop of geopolitical uncertainty will be a huge challenge in 2020. However, dealing with a broader collection of participants in the trade finance ecosystem in terms of jurisdictions, size of the borrower, types of assets and fintech entrants set us up for interesting times.
As the most authoritative voice in the trade finance industry, ICC Banking Commission, maintains a permanent dialogue with regulators and supervising bodies, helping to develop regulations affecting the industry.
Speaking at Davos, Chancellor of the Exchequer Sajid Javid stated that the UK will be going ahead with its proposed Digital Tax. Expected to be in place for April 1st, 2020 the tax is designed to target multinational corporations/ conglomerates with a revenue derived from either from the provision of a social media platform, a search engine or an online market place.
With the growth of major players such as Ant Financial in Asia in 2019, TFG asked Accenture’s European Banking Lead, Cecile André Leruste, on her thoughts and predictions for trade and SCF in 2020, focusing on growth coming out of South Asia.
TFG’s Editor, Deepesh Patel, spoke to Yves Mersch about the strategical priorities of the ECB in 2020. They discussed the importance of central banks’ independence for the foreseeing of their mandates. The ECB’s mandate is to ensure price stability…
TFG’s Editor Deepesh Patel spoke to Stacey Facter, BAFT’s Senior Vice President for Trade Products, during BAFT’s Global Annual Meeting, held in Frankfurt from January 13-15, 2020. Anti-money laundering (AML) and sanctions were key compliance themes at the meeting, so TFG caught up to discuss how these could be tackled moving forward, and what’s in stock for 2020.
Today we’re delighted to be joined by Simon Ring at Pole Star and Nick Barnes at TradeIX and the Marco Polo Network. This podcast is really about the intersection between freight forwarding, trade and regulatory technology.