Closing a deal between an unknown buyer and seller is difficult. Add to this the cross-border element and the many different agents on the way, and trade suddenly gets complicated.
Your morning coffee briefing from TFG. US gas exporters face a tightening of European anti-pollution rules, Commercial Banking Applications prepares banks for SWIFT 2021
Swiss Export Risk Insurance SERV gives EPC contractors access to attractive ECA-covered financing through its ECA pathfinding approach. This also enables Swiss exporters to benefit from such infrastructure projects.
Your morning coffee briefing from TFG. Director-General Okonjo-Iweala highlights the crucial role of trade in combating the effects of the Covid-19 pandemic and reviving the progress towards the Sustainable Development Goals, Brussels delays digital levy plan to increase support for global corporate tax reform, the spread of the Delta variant threatens Europe’s economic rebound and UK advertising watchdog to crack down on misleading crypto marketing to project consumers
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.
A session by Loh Sin Yong from Infocomm Media Development Authority (IMDA) at TXF’s Global Trade Virtual 2021, explored one potential solution to the now highly paper-reliant trade.
Your morning coffee briefing from TFG. The global economy could lose over $4 trillion due to the pandemic, world’s leading economies agree on a global minimum corporate tax rate of 15%, US economy shows signs of rebounding after Joe Biden’s stimulus package, European companies focus on ASEAN region amid expectations of business growth, and UK and Singapore start negotiations on digital trade to cut red tape on e-transactions and e-signatures.
Developing and harmonising existing standards within trade finance is key for digitalising trade.
President of EBRD, Odile Renaud-Basso, spoke with TFG about COVID-19, sustainable trade and the gender gap in finance for City Week 2021.
Owing to the pandemic, eUCP Version 2.0 and eURC Version 1.0 rules created by the ICC have received increased interest over the past few months. There is a growing realisation by practitioners that paper documents are causing delays and disruption.
