Your Monday coffee briefing from TFG – Trade digitisation: the legal framework that will facilitate efficient trade

To learn more about women in trade and how to overcome some of the challenges they face, Trade Finance Global (TFG) spoke with Anabel González, deputy director general at the World Trade Organization (WTO).

Landmark UK Government financing helps UK businesses export to Benin and Togo to support major infrastructure projects. UK firms are set to benefit from landmark new deals worth a combined… read more →

Global shipping is one of the most challenging sectors to decarbonise. The International Maritime Organization (IMO) has set out an ambitious goal to reduce the industry’s greenhouse gas emissions by 50% from 2008 levels by 2050, a target that will require the swift development of zero or low-emission fuels, new ship designs using cleaner technology, and climate-proof operations such as carbon efficiency optimisation initiatives.

At the WTO’s Public Forum in September 2022, helping MSMEs access trade and trade finance, especially during the current economic times, has been one of the top agenda items.

To learn more about how the WTO is putting its weight behind the cause, Trade Finance Global (TFG) spoke with Uruguay’s Ministry of Foreign Relations, Mauro Bruno.

To help combat fraud and provide advice to banks, trade associations, governments, and regulators, the International Chamber of Commerce (ICC) UK, Centre for Digital Trade and Innovation, and MonetaGo have released their latest whitepaper: Shutting fraudsters out of trade.

ICC Trade Register confirms that for larger banks, credit risk in trade, supply chain, and export finance fall back to pre-pandemic levels.

With the expanding use of economic sanctions within and across jurisdictions, lawyers have to consider not just the wording of the relevant economic sanctions but also how regulators will interpret whether certain activity is compliant or not and how courts will reach conclusions.

In late September the pound fell spectacularly from above $1.12 to a new record low of $1.035 versus the US dollar.

It’s true that the dollar had been appreciating for many months, and the pound was one of the most undervalued currencies of the year, but this was news making headlines and front pages around the world, and it was exclusively a domestic problem.

A prominent point of discussion at the International Trade and Forfaiting Association’s (ITFA) 48th Annual International Trade and Forfaiting Conference in Porto has been the digitisation of trade finance––particularly after the challenges COVID-19 caused for a largely paper-based industry.