COVID-19 has dominated the headlines for the last few months. But now, with the negotiations stepping up and the transition set to end by December, Brexit is moving back into the limelight.
As Brexit starts to make its way back to the front pages, the tensions in the negotiations to date and the significant gaps between the parties have been laid bare.
Your morning coffee briefing from TFG. Countries around the world continue to ease lockdown restrictions. The collapse in the oil price and shrinking demand has sent inflation rates tumbling. Governments in the West are spending and borrowing on a vast scale as they counter the effects of the COVID-19 pandemic.
Heavy burden is left upon UK government and private sectors as they comply with WTO rules in anti-dumping cases to impose duties on foreign exporters that are undercutting UK manufacturers.
Events such as Brexit, the US-China trade war, political unrest between China and Hong Kong dominated the headlines in 2019, have all had significant implications on global trade. However, it has not all been bad news – with increased levels of cooperation and technological innovation, the outlook for trade/finance moving into 2020 could be promising.
Trade Finance Global, in partnership with Finastra, sat down with 6 global experts in trade to get a low down of 2019, the key themes and trends, as well as what’s been at the front of mind for practitioners in trade, receivables and supply chain finance.
With two Brexit deadlines in 2020, it’s already looking like an eventful year for sterling. For more details on key events coming up for the pound, euro and dollar in 2020, be sure to download Smart Currency Business’s upcoming Quarterly Forecast, which will be released mid-January.
Trade Finance Global caught up with Head of Macroeconomic Research, Ana Boata at Euler Hermes last month at The Institute of Export & International Trade’s World Trade Summit. A very interesting macroeconomic view on how households, retail and economic growth has changed in 2019 due to trade wars, Brexit and business uncertainty.
Northern Ireland and the U.K. Have a long and complicated relationship. The latter half of the 20th century was one of its most turbulent periods, as clashes between nationalist and unionist groups killed nearly 4000 people between 1968 and 1998. The violence ended courtesy of the Good Friday Agreement, signed in April of 1998…
Brexit’s greatest roadblock currently takes the form of a 310-mile border spanning the Irish countryside. How come?
Internationally renowned as the ‘start-up’ nation, Israel presents a plethora of exciting trading opportunities for the UK and will be an important partner as it prepares for its formal exit from the European Union (EU), finds Leumi UK’s whitepaper
The global trading system is in disarray. Global economic growth is slowing, half the G20 are now operating under openly protectionist agendas, and tensions between China and the United States remain high – despite faint promise of a truce earlier this year. But over in the UK, all of this is overshadowed by the continuing dispute over Brexit. The nation is bitterly divided, and we are fast approaching what could constitute a national crisis.
There is, so far as I am aware, little or no precedent for what the UK is attempting to do: seeking to reduce unfettered access to its closest and most important market – which also happens to be one of the world’s two largest. In 2018, 46% of the UK’s exports went to the EU, and 54% of UK imports came from it. Almost all countries in the world try to make trade deals, not dismantle them.
International companies are facing the dual challenge of uncertainty and transformation in how they source, produce, transport, sell and trade their goods and services. The question is how can they get ahead of the curve and thrive in this changing environment.
Our departure from the EU will give the UK the ability to take control of its own independent trade policy for the first time in more than 40 years.