Issue 15 . Sep 2022
This UK Trade Finance Guide, produced by Trade Finance Global (TFG) in collaboration with UK Export Finance (UKEF) and the Department for Business & Trade (DBT), aims to equip businesses with the knowledge and confidence to navigate the complexities of international trade. With global trade reaching a record high of $28.5 trillion in 2021 and expected to grow further, understanding trade finance is essential for businesses looking to expand internationally. The guide highlights the transformative impact of new technologies, such as blockchain, artificial intelligence (AI), electronic documents, and the Internet of Things (IoT), which promise to make global trade faster, easier, and more cost-effective. It also acknowledges the challenges posed by current geopolitical events but reassures new participants that ample support and advice are available. This guide covers essential trade finance concepts, providing practical insights to help businesses capitalise on the opportunities in the expanding global market.
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