Deepesh Patel, Editor at TFG summarised the key themes discussed during ICC Mexico’s three-day virtual event on The Digital Future of Trade and Supply Chain Finance.
Your Monday morning coffee briefing from TFG. The WTO is forecasting growth in global merchandise trade of 8.0% this year following a contraction of 5.3% in 2020.
Oswald Kuyler, Managing Director of ICC DSI talks to TFG about promoting digital trade, harmonisation and trade standards.
TFG’s Mark Abrams spoke to IFC’s Qamar Saleem, about the role of DFIs in assisting MSMEs in the short and medium term COVID-19 recovery.
Trade and trade finance remains siloed, age-old and complex. Many are using DLT and blockchain to progress towards their goals of a digitized industry. TFG & WTO recently published their periodic table of DLT projects in trade, and here are 9 marketplaces and other initiatives addressing various opportunities in truly digital trade.
Ian Sayers, ITCs Senior Adviser for Access to Financing takes a closer look and explains how they may support ITCs work to improve conditions for the continent’s MSMEs.
TFG heard from Dr. Deborah Elms, CEO, Asian Trade Centre on the impact of COVID19 for businesses in Asia Pacific and how governments and policymakers can accelerate the economic recovery.
SMEs need to re-think their innovation strategy including digitalisation as the pandemic has accelerated the shift to digital technology in trade.
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.
TFG heard from IFC’s Qamar Saleem on the impact of Supply Chain Finance on domestic banks (and in turn, MSMEs,) in emerging and developing markets.
The number of recorded daily new COVID-19 cases worldwide hit a new record last week with Latin America and the Caribbean now accounting for the largest number of cases by major region.
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.
As the lockdown eases the global economy is starting to come back to life. The UK started to emerge from lockdown, with people who are unable to work at home ‘actively encouraged’ to return to work. From next Monday all non-essential shops will be allowed to get back to business.
Your Monday morning coffee briefing from TFG. As countries begin to lift lockdown restrictions, the World Health Organization warned of an “immediate second peak” if measures were lifted too soon. Economic developments in the past few weeks suggest the UK has now passed the peak for both jobs and growth decline.
ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.