The implementation of the African Continental Free Trade Area (AfCFTA) should be expedited as the free trade zone will boost intra-African trade and accelerate industrialisation, the Economic Commission for Africa… read more →
According to Edwards, reducing the record-high $1.7 trillion USD global trade finance gap will be amongst the most important considerations facing the trade finance industry in 2023. The trade finance sector is developing several tools to address this issue.
At the WTO’s Public Forum in September 2022, helping MSMEs access trade and trade finance, especially during the current economic times, has been one of the top agenda items.
To learn more about how the WTO is putting its weight behind the cause, Trade Finance Global (TFG) spoke with Uruguay’s Ministry of Foreign Relations, Mauro Bruno.
It is often debated whether the reported existing trade finance gap, which over the last 3 years has oscillated between $100 billion and $120 billion, will diminish or whether the nature of illiquid, growth-focused, emerging market economies means that the gap will never truly close.
Changing this mindset and highlighting the human lives behind international trade policy is what Clara Weinhardt, assistant professor in international relations at Maastricht University, hopes to do with the Faces of Trade Diplomacy project.
New research from Allianz Trade shows that reducing non-tariff barriers to trade could lower inflation by 4.5 percentage points (pp) in the EU and by 2pp in the US. Nearly… read more →
On Thursday, UK Secretary of State for International Trade, Anne-Marie Trevelyan, introduced two new measures related to the UK-Africa trade partnership in a speech on the UK’s trade relationship with… read more →
As Iain Martin of the Times said, “To deny the downsides of Brexit on trade with the EU is to deny reality.”
The decision to secede from the world’s largest single market area was bound to have some short-term economic consequences, but the UK may be experiencing more than a short-term decline.
Confidence, demand and energy shock waves, writes Ana Boata, Global Head of Economic Research at Allianz Trade. Allianz Trade is the new name for trade credit insurer Euler Hermes, which became part of the Allianz SE group in 2018.
The UK has signed a landmark trade finance deal with Turkey that will support the construction of a major new railway. UK Export Finance (UKEF), the UK’s export credit agency,… read more →
Letters of credit are one of the most commonly used trade finance instruments, and they are a great way to increase security and mitigate risk during a trade transaction
This article was co-authored by:
– Arun Prakash, strategy officer for trade and commodity finance at IFC
– Dennis Ochieng, economist at IFC
– Shanshan Li, consultant at IFC
Freeports are a special kind of air, rail, or seaport, where normal tax and customs rules don’t apply, says John Lucy, director of Liverpool City Region Freeport
Twenty years ago Asia had a 12% share of the global factoring market. Today that share is 25%.
In this article, FCI’s Lin Hui looks at factoring’s two decades of steady growth in Asia, and where the industry goes from here…
A new report has found that the total value of world trade hit a record high in 2021, but is expected to flatline into a sluggish 2022. The Global Trade… read more →