The practice will provide firms with expert advice and support on challenges related to trade and customs, from navigating new IT systems to wider supply chain digitisation and complying with… read more →

Read more about the top geopolitical trends and risks 2024! Hear from experts on country, political & trade risks throughout the world.

As part of the 50th Annual International Trade And Forfaiting Conference (ITFA) in Cyprus, Trade Finance Global (TFG)’s Editorial Director Deepesh Patel sat down with Carol Searle, General Counsel and Group Board Director at Texel Group, to discuss her outlook for the credit insurance market at large.

Talking about trade and sustainability can be a double-edged sword: international trade is denounced by climate and anti-globalisation activists for polluting the planet, but many see great potential in trade to power a green transition. Like it or not, trade makes up almost 30% of global GDP; it has also lifted over a billion people out of poverty in the last decades, and is going to become an increasingly central part of the fight against climate change as more parts of the world become integrated in the global market.

To better support growing small businesses, the U.S. Small Business Administration (SBA) recently announced a new pilot loan program that intends to help close the trade finance gap experienced by SME exporters. The 7(a) Working Capital Pilot (WCP) is the SBA’s first new loan program introduced in more than a decade and will be able to support lines of credit up to $5 million. 

British International Investment (BII), the UK’s development finance institution, has announced plans to provide up to £30 million to bolster Ukraine’s international trade amid ongoing economic challenges.

The Prudential Regulation Authority (PRA) has released its second policy statement on the implementation of Basel 3.1, set to take effect in January 2025.

Deepesh Patel, Editor at Trade Finance Global, was joined by Sian Aspinall, Group CEO, BPL Global Board Member, Insurance Committee at the International Trade and Forfaiting Association (ITFA), at ITFA’s 50th annual conference in Cyprus.

A pilot program led by the Asian Development Bank (ADB) has demonstrated a promising new approach to combating trade-based money laundering (TBML). This vast and underreported financial crime enables the flow of illicit funds through the global trade system.

At the International Trade and Forfaiting Association’s (ITFA) 50th annual conference, Deepesh Patel, Editorial Director at Trade Finance Global, spoke to Marcus Miller, Managing Director, Global Lenders Solutions Group Leader, Credit Specialties at Marsh, about the OTD model and responsiveness to regulation.