Trade finance is at a critical juncture. With an ever-growing $2.5 trillion trade finance gap and over 4 billion pieces of paper circulating in the global trade ecosystem, the industry is ripe for digital transformation.
UNCITRAL Working Group VI has been working on an international instrument that allows the use of negotiable cargo documents and negotiable electronic cargo records for all modes of transport in a multimodal or unimodal context.
To discuss the paper and better understand how DTSCF can promote financial stability, risk management, and sustainability, Trade Finance Global (TFG) spoke with Tod Burwell, President and CEO of BAFT.
Sustainability and green financing are some of the most important topics within the international trade industry, yet actually implementing policies and strategies is extremely difficult.
There are few regions as pivotal to global trade as the Middle East. The petroleum-rich area is the source of roughly one-third of the world’s oil production. When geopolitical tensions in the Middle East force up oil prices, the whole world catches a cold.
Trade Finance Global dives into the report’s findings and features insights, speaking exclusively to Richard Wulff, Executive Director of ICISA.
At Commodity Trading Week held in London, Deepesh Patel, Editorial Director, Trade Finance Global, sat with Dr Sadar Abdul Rasheed, Director, Commodity Risk Control at Savola Group to discuss the implications of carbon, decarbonisation, ESG, and climate risk for the commodity traders and commodity markets.
For over two decades, the International Finance Corporation (IFC), the World Trade Organization (WTO), and multilateral development banks (MDBs) have been partners in enhancing global trade finance.
FCI has released their Annual Review for 2023, highlighting a return to pre-pandemic stability in the global factoring market.
Navigating the evolving landscape of supply chain finance in the wake of COVID-19 and geopolitical tensions. Explore key insights from industry experts at the International Finance Corporation’s (IFC) Global Trade Partners Meeting in Barcelona.
