Your Monday morning coffee briefing from TFG. UK and Indonesia strengthen trade ties launching the Joint Economic and Trade Committee. Global trade could grow 8% as COVID fightback begins and WTO details impact of regulatory barriers, other factors on costs to trade

Your Monday morning coffee briefing from TFG.
FCI reports a drop in global factoring statistics in 2020, linked to a drop in trade volumes due to the pandemic.

Your Monday morning coffee briefing from TFG. The world is emerging from a deep recession, and the recovery is coming faster than expected. With more than 800m vaccines administered globally, activity holding up despite lockdowns and additional fiscal stimulus coming. The IMF expects the global economy to stage a strong recovery, growing by 6.0% this year, with growth of 4.4% in 2022.

By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.

In this second installment of my two-part article, I endeavour to consider the documentary credit from the point of view of an exporter as well as its bank and provide some advice on how to best benefit from the effective use of documentary credits.

Your Monday morning coffee briefing from TFG. The IMF upgraded its growth forecasts for developed countries and said the global recession would have been three times as deep had governments not intervened.

In the last 25 years, trade and its financing have increasingly come to rely on the internet and new tools such as connectors, digital payments, and cybersecurity.

After Covid-19 crippled global commerce, the World Trade Organization said March 31 that it expected the planet’s merchandise trade to increase 8% in 2021 after contracting 5.3% in 2020.

Banks can play a frontline role in closing the sustainable trade finance gap and supporting a green recovery post-COVID-19 by embedding ESG checks, fostering collaboration and inclusion, and mainstreaming digital solutions.

Factoring, as an important method to extend credit, is a type of financial transaction where the creditor assigns its receivables to an assignee at a discount. In recent years, there has been a large growth of factoring transactions around the world.