Today, the OECD released their International Trade Statistics report for Q2 2023. The report offers an insight into the global trade landscape, highlighting significant shifts and trends. With a decline in G20 merchandise trade and a marked slowdown in services trade, the report paints a complex picture of international commerce. 

After weeks of speculation, and a last-minute stalemate, the BRICS group of nations has extended an invite to six additional countries. The new countries are Argentina, Egypt, Iran, Ethiopia, Saudi… read more →

90% of world trade – from bulk raw commodities to breakbulk and finished goods – is moved on approximately 60,000 trading ships, crewed by about 1.5 million seafarers. To most traders, the potential risks associated with any one of these vessels is an unknown.

Does a New York court have jurisdiction over an Indian collecting bank that is alleged to have violated the Uniform Rules for Collections (URC 522) for neither collecting and remitting funds to pay for shipments represented by the documents forwarded to it nor returning originals of several of the documents sent to it for collection? 

The U.S. Commerce Department announced on Thursday its intention to apply preliminary anti-dumping duties to tin-plated steel imports from Canada, Germany, and China. This decision excluded five nations, bringing a… read more →

UAE-based agribusiness Al Dahra and the Abu Dhabi Exports Office (ADEX) have inked a $500 million contract to supply Egypt with wheat, a statement confirmed on Monday. The five-year deal,… read more →

On Monday, the Indian government announced that India and the United Arab Emirates have begun conducting bilateral trade using their respective local currencies.  The prominent transaction involved India’s leading refiner,… read more →

In July, India’s merchandise trade deficit was at $20.67 billion, based on export and import figures released by the government on Monday. According to a Reuters survey, economists had forecasted… read more →

Allen & Overy’s tech innovation hub, Fuse, has welcomed Enigio into its current cohort. The two companies are working together to accelerate the digitalisation of trade finance, given the importance… read more →

A&O Shearman’s tech innovation hub, Fuse, has welcomed Enigio into its current cohort. The two companies are working together to accelerate the digitalisation of trade finance, given the importance of… read more →