In Central Asia and Caucasus, the potential annual market for SCF is relatively large, up to $18 billion in the medium term. However, few countries in this region use any form of SCF, and in some, the concept is barely known.
In 1977, as Mr Justice Kerr was coining his often-cited description of the letter of credit as the “lifeblood of international commerce”, the obstruction caused by the use of sanctions in international trade as a weapon of foreign policy would have been difficult to predict. The modern use of sanctions clauses would have been beyond comprehension.
Persisting ramifications of the COVID-19 pandemic, escalating geopolitical uncertainties, and soaring inflation continue to plague international commerce. Yet, in the face of these worldwide disruptions, nations are making significant strides… read more →
Bahrain and the UK have officially entered into a memorandum of understanding (MoU) to establish a strategic investment and collaboration partnership. The agreement paves the way for Bahrain‘s private sector,… read more →
Women entrepreneurs in Mongolia are set to play a bigger role in the country’s economic growth and efforts to diversify trade, with the opening of the International Trade Centre’s (ITC)… read more →
Though international trade is a complicated industry, there is one truth that is simple: the world runs on finance. There is a mind-boggling amount of capital floating around the globe. However, access to this financing has proven difficult for many companies and countries.
Airee, the leading air filter manufacturer from Mongolia, and iPAGE, an innovative agri-tech firm from Bangladesh, emerged as the victors in the prestigious young entrepreneurs’ pitch contest held at the… read more →
In a bid to bolster the robustness and competitiveness of Morocco’s private sector, the European Bank for Reconstruction and Development (EBRD) has granted Bank of Africa – BMCE Group (BOA)… read more →
Trade Finance Week, a week-long gathering organised by the International Chamber of Commerce (ICC) Austria, has become renowned in the trade finance industry.
The Reserve Bank of India announced on Wednesday that India‘s current account deficit witnessed a substantial reduction in the January to March quarter, primarily due to a moderation in the… read more →
