At ITFA’s 50th annual conference in Cyprus, Rebecca Harding, Director at Rebeccanomics, explained a few reasons to Deepesh Patel, Editorial Director at Trade Finance Global.
The banks Citi and ING Germany have been working alongside export credit agencies Korea Trade Insurance Corporation (K-SURE) and Swiss Export Risk Insurance (SERV). In collaboration, they have successfully closed a $521.5 million, 12-year supported financing loan for Petrovietnam Power Corporation (PV Power).
As of June 2024, Houthi attacks in the Red Sea and Western Indian Ocean have escalated, with over 150 reported incidents since November 2023. These attacks have targeted both commercial and naval vessels, disrupting maritime traffic and global trade routes.
A coalition of major supply chain industry associations has thrown its weight behind the “declaration of the electronic Bill of Lading” (eBL). This development adds momentum to the commitment towards modernising international trade documentation.
Cleareye.ai’s ClearTrade technology will be implemented starting this month. The AI system aims to automate and streamline processing and compliance reviews of trade documents for Lloyds Bank’s clients. The technology… read more →
Categorising the 4 billion paper documents that are currently logjammed in paper trade is no easy feat. In April 2024, the International Chamber of Commerce’s Digital Standards Initiative (ICC DSI)… read more →
Forfaiting, insurance, digital trade documents, and ESG regulations are at the forefront of these developments, each playing a unique role in enhancing the efficiency, security, and sustainability of trade finance… read more →
The 2024 CGI and BAFT Trade Technology Survey provides insights into how financial institutions navigate these changes and plan for the future. The survey reveals the strategic priorities and challenges which banks face and offers a comprehensive view of their adaptation strategies.
On its golden jubilee, ITFA’s Annual International Trade and Forfaiting Conferences will be held from 4 to 6 September 2024 in Limassol, Cyprus.
The potential of this richly diverse region is vast, and as recent developments show, this potential is being adeptly fulfilled. As this edition will demonstrate, it is crucial to monitor trade finance developments in Africa and the Middle East, as they will likely inform the industry’s trajectory across the world.
