Trade finance plays a vital role in global economic activities, facilitating the movement of goods and services across borders. 

In the ever-revolving landscape of trade payments, a notable trend is gaining momentum as the global financial industry embraces ISO 20022 – a data-rich and interoperable universal messaging format set to replace the legacy Message Text (MT) that has prevailed for years.

To learn more about the latest updates on MLETR adoption in the G7 countries and emerging markets, Trade Finance Global spoke with Luca Castellani, legal officer at the Secretariat of the United Nations Commission on International Trade Law (UNCITRAL) 

At the forum, Trade Finance Global (TFG) spoke with Pamela Coke-Hamilton, the Executive Director of the International Trade Centre (ITC), to explore the impact of crises, capacity building, and support for women-led businesses and youth in trade.

Digitalisation is unlocking a multitude of real-time benefits for terminal operators, commodities traders and lenders, promising to make full transparency in inventory management and transaction flows the new normal.

The potential impact of the UK’s incoming Electronic Trade Documents Bill goes far beyond a boost to the country’s trade prospects. By enshrining in law that a digital document is equivalent to physical paper, the reform means that counterparties can issue and process documents electronically by default, – and with UK law acting as the basis for trade transactions across much of the world, the opportunity for transformation is unprecedented.

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 →

According to a study released on Wednesday by the US-based Atlantic Council think tank,  130 nations, representing 98% of the global economy, are currently exploring digital variants of their currencies.… read more →

On Tuesday, 27 June, the European Council adopted a decision on the signature of the free trade agreement (FTA) with New Zealand. The EU and New Zealand are expected to… read more →

Ulaanbaatar, Mongolia – June 22, 2023 Trade Finance Global (TFG) conducted an extensive media training held today at the United Nations House in Ulaanbaatar, Mongolia. This key event served as… read more →