TFG Weekly Trade Briefing, 22nd June 2020
Your Monday morning coffee briefing from TFG. 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.
How UKEF Is Supporting UK Businesses With Export Finance Throughout The Pandemic
As an island nation reliant on global supply chains, trade is essential if the UK is to overcome the unprecedented economic challenge posed by COVID-19. Supporting SMEs during times of financial stress is critical, and needs the timely actions from governments and Export Credit Agencies (ECAs). TFG heard from Louis Taylor, Chief Executive of UKEF. Read more →
Brexit: What duty does the EU have to offer trade preferences to the UK?
The tensions in the negotiations to date and the significant gaps between the parties have been laid bare. TFG heard from Chris Bryant, Partner at Bryan Cave Leighton Paisner LLP, to find out the latest on the Withdrawal Agreement and what’s next. Read more →
ICC Austria – Tr@de Finance Week
We were delighted to support ICC Austria’s Tr@de Finance Week last week. Webinar highlights included topics such as force majeure in trade finance, current developments in bank guarantees and the new Incoterms 2020. Read more →
Supply Chain Finance – Enabler for MSME Growth and Financial Inclusion?
Globalization has opened new business opportunities for emerging-market enterprises including SMEs. But are products such as Supply Chain Finance really helping MSMEs or just larger banks? 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. Read more →
Patience will pay off in Europe-Africa trade relations
Momentum behind updating the framework for Europe-Africa cooperation may have slowed as nations tackle COVID-19, but the pause will only be temporary. Speaking to TFG, Jeff Fallon, Head of Client Coverage at British Arab Commercial Bank (BACB), argues that deeper Africa-Europe integration will be challenging in the new environment, but specialist banking partners are on hand to help. Read more →
India Factoring and MonetaGo join forces
Through the onboarding of MonetaGo’s Secure Financing solution, India Factoring is able to offer a level of fraud protection to its clients which many banks cannot match, enabling non-bank financiers to provide a viable alternative to bank funding. Read more →
Government support secures major contract for UK construction in Benin
UK Export Finance (UKEF) has provided over £100 million of financing to support the refurbishment of a 114-mile interstate road in Benin, securing business for the UK supply chain. This is a major deal for the UK construction industry in West Africa and is the first transaction supported by UKEF in the country. Read more →