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.
Read more about the top geopolitical trends and risks 2024! Hear from experts on country, political & trade risks throughout the world.
At FCI’s 56th Annual Meeting in Seoul, a panel of experts discussed the intricate relationship between credit insurance and factoring. In this article we explore a case study representing this cooperation: Germany.
According to recent data from the State Administration of Foreign Exchange, the renminbi’s use in China’s cross-border transactions has hit an all-time high. In July 2024, 53% of China’s inbound and outbound transactions were conducted using the renminbi, surpassing the US dollar in China’s international receipts.
Trade Finance Global (TFG) and FCI are thrilled to launch its latest whitepaper. At FCI’s 56th Annual Meeting in Seoul, a panel of experts discussed the intricate relationship between credit insurance and factoring.
Recent leadership changes or upcoming elections in Nigeria, Ghana, and South Africa will impact economic and trade policy. This could be a tipping point for these countries, either strengthening their trade position or creating new challenges.
Often described as the lifeblood of international commerce, a bank can only refuse payment under an LC if the documents are non-compliant or if the seller who seeks presentation, has… read more →
After 17 years of negotiating its ascension, Comoros has become the 165th member of the World Trade Organization (WTO) as of 21 August 2024. Comoros also accepted the WTO Agreement on Fisheries Subsidies, bringing the total number of acceptances to 82.
India introduced digital Trade Receivable Discounting System (TReDS) platforms in 2017 to help SMEs overcome late payment issues, with three licensed entities expected to reach $25 billion in throughput by FY 2024-25.
In the water sector, a drop in infrastructure financing challenges creates ripples across global markets. Export Development Canada (EDC), Canada’s state-backed export credit agency, has reportedly incurred significant losses after selling loans made to the debt-burdened UK utility Thames Water.