Today, the OECD released their International Trade Statistics report for Q2 2023. The report offers an insight into the global trade landscape, highlighting significant shifts and trends. With a decline in G20 merchandise trade and a marked slowdown in services trade, the report paints a complex picture of international commerce.
Today, Japan declared its decision to reinstate South Korea as a preferred nation with fast-track trade status, effectively ending a prolonged four-year economic row that had exacerbated their bitter historical… read more →
South Korea has formally restored Japan to its list of countries it gives preferential treatment in trade, three years after the neighbours downgraded each other’s trade status amid a diplomatic… read more →
UK Export Finance (UKEF) today announces it has appointed its first International Export Finance Executive (IEFE) for South Korea. With £4 billion of funding on offer to buyers, provided they… read more →
Twenty years ago Asia had a 12% share of the global factoring market. Today that share is 25%.
In this article, FCI’s Lin Hui looks at factoring’s two decades of steady growth in Asia, and where the industry goes from here…
Your Monday morning coffee briefing from TFG. The UK’s post-pandemic recovery is weakening as inflation worries hit record highs, according to a new British Chambers of Commerce (BCC) survey.
UK exporters sealed over £70 million in sales to South Korea during 2021, with the help of trade shows backed by the UK government. British-made products ranging from hydrogen fuel… read more →
Your morning coffee briefing from TFG. Korea contributes CHF 290,000 to help developing countries participate in global trade, commodity dependence increased over the last decade, supply chains crisis will leave lasting change on globalisation, food price inflation increases pressure on poorer countries and Brexit trade barriers added £600m in costs to UK importers this year.
Singapore has become the first country to ratify the Regional Comprehensive Economic Partnership (RCEP), with plans to implement the accord on the 1st January 2022.
The first half of 2021 should be similar to the year 2020, marked by the strongest global recession since the end of the Second World War.
