In a bid to enhance access to trade for micro, small, and medium-sized businesses (MSMEs), the World Trade Board has recently launched the ‘Financial Inclusion in Trade Roadmap’. The roadmap, developed through collaboration with major industry bodies and international stakeholders, seeks to address the challenges faced by MSMEs to accelerate their participation in global trade.

Africa, a continent synonymous with immense economic growth potential and abundant opportunities, has long grappled with transforming that potential into tangible growth. Despite being hailed as a land of promise, the realisation of Africa’s vast potential has remained elusive year after year.

Celsius Tankers (“Celsius”) is strengthening its existing partnership with independent LNG trading company, Gunvor Group Ltd (“Gunvor”), with the charter of four high-efficiency, modern LNG carriers. These carriers, set to… read more →

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 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.