The UK and Canada agreed to roll over their existing trade arrangements after the transition period and developments with a Covid-19 vaccine.
A busy week in trade with the US Election results confirming President-Elect Joe Biden and potential success with a COVID-19 vaccine. Continued struggles for SMEs around the globe, as well a number of industry-leading events and announcements.
The presidential transition period which lasts until 20 January will freeze talks on a UK-US trade deal Numbers of new confirmed Covid cases continued to rise in the US, Germany and Italy.
Prime Minister Boris Johnson has announced a second national lockdown for England as the country looks to bring down the rate of coronavirus infections.
The OECD predicted that globally, immigration will fall 46% this year due to COVID-19 restrictions and economic weakness.
With rising new cases and tighter social distancing restrictions, the strong summer recovery is likely to fade into an uncertain and weak autumn.
TFG announced a media partnership with City & Financial Global Ltd for 10th edition of City Week 2020 – its annual International Financial Services Forum.
ITFA has led another industry wide initiative to draw the attention of governments and regulators to the importance of the continuous support of all the different insurance tools in times of crisis.
TFG heard from WOA’s founder, Erik Timmermans, on the latest in receivables and open account trade in 2020, the impact of the COVID pandemic on the RF community, and what we could expect for the remainder of the year.
As lockdowns became the norm around the globe, governments have had to step in to support their economies due to the substantial downturn in economic activity – breaking stimulus records in the process.
SMEs need to re-think their innovation strategy including digitalisation as the pandemic has accelerated the shift to digital technology in trade.
The magnitude and complexity of the OBOR project creates numerous policy challenges for countries in the region seeking to benefit from its implementation thus, the need for policy cooperation.
Banks, fintechs, and other vendors have a pivotal role to play in this situation to support communities and try to help the economy moving in the short and long term.
Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.
The value of Trade Finance Programs, which if combined with regulatory and technological innovation, is destined to hasten the closing trade finance gap and bring broader positive economic outcomes for nations.