Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.
This article argues that the EU falls short of maintaining ‘mutual solidarity’ and that the stark economic differences between many EU nations leads to conflicting energy policies with Russia.
The pandemic can be an opportunity for TFTA Member States to weaponise cooperation not only for fighting against COVID-19, but also to achieve deeper integration which in the long run will boost intra-Tripartite trade.
If we could picture the TIR system being implemented in the post-Covid era, it will be a step way forward in going paperless, reducing trade barriers, as well as adding value to existing transit transportation systems.
Trade digitization and electronic documents will be the new-norm as a result of the COVID19 pandemic which will accelerate the transformation process.
The value of Trade Finance Programs, which if combined with regulatory and technological innovation, is destined to hasten the closing trade finance gap and bring broader positive economic outcomes for nations.
The utopia of a truly paperless trade finance industry will eventually happen, however one simple question remains: when?
Documentary credit may be one of the most convenient payment method available to buyers and sellers, but one should know its limitation to avoid issues and penalties.
With China receiving global backlash for alleged mishandling of Covid-19 crisis, resulting in businesses pulling out, can its neighboring counties with the latter’s emerging economies seize the opportunity, or is China irreplaceable?
If Africa is to realize her trade potential, they must be willing to implement far-reaching reforms across all the segments and institutions of the economy.