Your Monday morning coffee briefing from TFG: we.trade enters the trough of disillusionment – what this means for the digitalisation of trade finance

we.trade, a blockchain-based trade finance network owned by 12 European banks and IBM, told shareholders in May that it had run out of cash.

At the BAFT global annual meeting in May, TFG sat down with heads of trade to discuss the current state of trade in Asia. 

The UN’s World Food Programme has warned that the failure to open Black Sea ports is a declaration of war on global food insecurity and will lead to famine, destabilisation of nations, and mass migration by necessity.

The VIVE Programme announced that the Mediterranean Shipping Company (MSC) has joined the VIVE Sustainable Supply Programme and will be completing the shipping module in 2022. MSC is a container… read more →

Your Monday morning coffee briefing from TFG: How sustainability linked financing can empower circular water projects in MENA

UK exporters are the least optimistic in Europe due to a combination of uncertainty caused by Brexit, the conflict in Ukraine, and disrupted supply chains, according to Allianz Trade.  This… read more →

Over the last ten years, nature dependent exports accounted for 40% of annual world trade ($7.4 trillion) – 36% of which stemmed from non-democratic regimes, as defined by the Economist Intelligence Unit’s Democracy Index. 

If the Electronic Trade Document Bill trade bill is passed this year, digital documents will be recognised under UK law, which could prove pivotal for global trade. Could blockchain hold the key to a painless and secure switchover to a digital-first trade world?

TFG spoke to two leading trade credit risk management experts, Marian Berden and Robert Meters of Schumann on how technology has the potential to help business avoid some of the costs and stresses associated with current economic conditions.