The European Union’s proposed Late Payment Regulation (LPR), a revision of the Late Payment Directive (2011/7/EU), has sparked responses from the International Chamber of Commerce (ICC) and the International Trade and Forfaiting Association (ITFA).

On Monday, the United Nations Conference on Trade and Development (UNCTAD) announced in its Global Trade Update a forecasted reduction in global trade by 5% this year compared to the previous year, expressing a generally negative outlook for 2024.

At the 2023 ITFA Annual Conference in Abu Dhabi, Trade Finance Global (TFG) was able to speak to some of the top names in trade finance, learning about the latest trends and developments in the industry.

As Contour, the last-standing global trade finance project built on DLT moves to its next stage, we should be honest about what this speed bump means for trade, trade finance, and blockchain. 

In July 2023, TFG Distribution Finance was launched to drive liquidity into the trade finance market, from institutional capital, banks, and credit funds, facilitated by TFG and its partners.

The latest issue of TFG’s Trade Finance Talks, ‘Trade Winds of 2023: A Journey Through Trade, Treasury & Payments’, is out now!

In a recent episode of the CII podcasts, Mark Abrams, MD, and Global Head of Trade & Receivables Finance at Trade Finance Global (TFG), engaged in a thought-provoking conversation with Jayant Sriram, an ex-journalist. The episode discusses crucial aspects of international trade and finance, shedding light on challenges and innovative solutions shaping the industry.

ECB board member Isabel Schnabel suggested that further interest rate increases might no longer be necessary due to a significant decrease in inflation, in an interview with Reuters.

While at COP28, held in Dubai, UAE, the International Chamber of Commerce (ICC) has released its Wave 2 framework.

Citi has announced a collaboration with Traydstream, a leading trade documentation solution provider, aiming to offer clients access to advanced and automated trade-document processing capabilities.