The International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instruments (DNI) Initiative Day, hosted in London on 12 July 2023, served as an important platform for the future of trade finance.
Category: Supply Chain Finance
Future of Trade: New opportunities in high growth corridors
Globalisation is not dead, contrary to recent claims. Nowhere is this more evident than in global trade, where high-growth trade corridors in Asia, Africa and the Middle East are set to outpace the global average by up to four percentage points.
Embracing the digital revolution in commodities: How inventory management is transforming terminals, trading and banking
Digitalisation is unlocking a multitude of real-time benefits for terminal operators, commodities traders and lenders, promising to make full transparency in inventory management and transaction flows the new normal.
New opening: trade between CEE and Africa – new financial solutions
With the disruption of the global value chains stemming from COVID-19 and the war in Ukraine, Central and Eastern European (CEE) trades are finding themselves in a new business reality. While trade with East Asia is a well-established import region, new primary export destinations are emerging for exporters in Central and Eastern Europe (CEE). With the Russian full-scale invasion of Ukraine, the main export markets outside the EU for the CEE companies, Russia, Ukraine and Belarus, were closed or significantly constrained.
Central Asian and Caucaus Supply Chain Finance
In Central Asia and Caucasus, the potential annual market for SCF is relatively large, up to $18 billion in the medium term. However, few countries in this region use any form of SCF, and in some, the concept is barely known.
‘Connected services’ key to transforming economies in landlocked countries
(Geneva/Ulaanbaatar) – The International Trade Centre (ITC) today released a multimedia report on transforming economies with connected services, with a spotlight on landlocked countries. The report spotlights four types of services, known as connected services, that drive economic transformation. The four services – transport and logistics, financial services, information and communications technologies, and business and professional services –… Continue reading ‘Connected services’ key to transforming economies in landlocked countries
Unleashing the power of CBDCs: a new era for international trade and supply chain finance
Central Bank Digital Currencies (CBDCs) have infiltrated the agenda of countless innovation meetings at the world’s central banks.
Global intermediate goods exports witnessed a 10% year-on-year decline in Q4 2022
In the final quarter of 2022, global exports of intermediate goods (IGs) experienced a significant decline, dropping by 10% to reach a value of $2.3 trillion. This downturn was a direct consequence of various factors, including geopolitical circumstances, commodity shortages, elevated energy prices, and subdued consumption, all of which led to disruptions in global supply… Continue reading Global intermediate goods exports witnessed a 10% year-on-year decline in Q4 2022
The fashion industry’s silk road: Moving towards transparency
Today’s fashion industry is in need of its very own digital silk road that can revolutionise its global trade with speed, reliance and efficiency.
Unlocking economic growth: The role of trade finance discussed at ASSOCHAM summit
At the 4th National Summit Trade Finance for Inclusive Growth organised by ASSOCHAM, the state of global trade finance was discussed by industry leaders. One point came across clearly: the path to growing the Indian economy is easy access to trade finance. Deepesh Patel, TFG’s Editorial Director, recently joined the ASSOCHAM Trade Finance Steering committee, helping to provide insights into market activities and trends.
Breaking: Commonwealth Trade Ministers Meeting concludes with a focus on resilient, green, and digital economies
The 2023 Commonwealth Trade Ministers Meeting drew to a close today, with a resolute focus on collaborative efforts to nurture resilient, inclusive, green, and digital economies. Building upon the initiatives endorsed by Commonwealth Heads of Government in Kigali, Rwanda, in June 2022, the Trade Ministers engaged in deep deliberations concerning the challenges confronting the global… Continue reading Breaking: Commonwealth Trade Ministers Meeting concludes with a focus on resilient, green, and digital economies
China’s trade weakens, indicating a slowing economic rebound
China experienced a 7.5% decline in exports in May compared to the previous year, while imports were down by 4.5%, signalling a deceleration in the economic recovery post the lifting of anti-virus measures. This decline can be attributed to the weakening global demand caused by higher interest rates. According to customs data released on Wednesday,… Continue reading China’s trade weakens, indicating a slowing economic rebound
Using Optical Character Recognition to streamline international trade
One of the difficulties related to international trade is the large volume of paper documents that make up much of the information flow between the different parties, including various documents such as invoices, bills of lading, certificates of origin, and customs declarations.
WTO launches Global Trade Data Portal, provides live access to real-time data
In response to the challenges posed by the COVID-19 pandemic and the recent crisis in Ukraine, the World Trade Organization (WTO) has introduced the Global Trade Data Portal. This initiative aims to tackle potential disruptions in global supply chains and mitigate risks to food security. The Portal provides timely and detailed data, facilitated by new… Continue reading WTO launches Global Trade Data Portal, provides live access to real-time data
Top challenges facing sustainable sourcing and procurement
The manufacturing and shipping industries tally up some of the highest, more impactful numbers to the atmosphere’s degradation, adding to an already-intense climate crisis.