Letters of credit are the oldest and most common type of short term trade finance, famously described as the “lifeblood of international commerce,” with some commentators suggesting their use stretches back to 3000 BC. What makes them so successful?
The notion of ‘debt-trap policy’ has elicited much debate about whether entities that deliberately flex their financial muscle to exert dominance over desperate countries exist. This work highlights its meaning, the actors, and its effects on trade and economic development.
This article posits that human rights due diligence is the most practical approach to addressing climate change concerns and achieving other sustainable development goals.
The 2021 ICC Trade Register summary, on the credit risk profiles of trade finance, supply chain finance and export finance transactions. Read our summary on 38m transactions representing USD $19.2t exposures, and 28% of global trade flows.
World trade is central to economic growth and as we emerge from the pandemic, trade is paramount in enabling the global economy to recover. Is the time really now, for digitising trade, and how can advance the dialogue to reduce friction, costs and risk?
Your morning coffee briefing from TFG. Costs of climate change far greater than green transition warns ECB, UKEF commits to an ambitious goal of going carbon neutral by 2050
Trade and economic activity are advancing at a rapid pace across the Middle East. How are governments across the region evolving and harnessing opportunities to enable high-speed economic activity?
The latest IPCC report drives further urgency to ECAs’ plans to increase funding for green and sustainable deals and to rebalance portfolios with long-dated carbon-intensive assets
Eighteen months into the COVID-19 pandemic and shipping bottlenecks are challenging companies to meet demand. The global outlook is uncertain, however, that does not mean doom and gloom, making way for a new thought process.
In the wake of the ICC Uniform Rules for Digital Trade Transactions (URDTT) due to publish next month in October, we explore the meaning of a digital trade transaction – underlying assumptions, regulatory framework and future expectations.
Your morning coffee briefing from TFG. The world’s biggest companies felt the greatest impact of corruption and illicit activity in 2020, 15% of UK SMEs are at risk of insolvency in the coming four years, UNCTAD issues amber warning on building back better after the pandemic, Boris Johnson announces new £31 million green finance deal in the UAE and MonetaGo partners with SWIFT to create first-ever global solution to duplicate financing fraud.
The Department for International Trade has recently published its Global Trade Outlook report. TFG summarised of the key points from the report, outlining what could be in store for global trade between now and 2050.
Your morning coffee briefing from TFG. Korea contributes CHF 290,000 to help developing countries participate in global trade, commodity dependence increased over the last decade, supply chains crisis will leave lasting change on globalisation, food price inflation increases pressure on poorer countries and Brexit trade barriers added £600m in costs to UK importers this year.
Global supply chains have been and continue to be deeply impacted by the changes that have taken place in the last 12 months. From the Suez canal debacle to the current shortage of HGV drivers in the UK, it is fair to say that the industry is, currently, facing significant challenges.
Our editor, Deepesh Patel sat down with Zencargo’s Sales Director, Sam Greenhalgh to discuss what changes need to take place to make the shipping industry more attractive to young professionals.