Your morning coffee briefing from TFG. Korea contributes CHF 290,000 to help developing countries participate in global trade, commodity dependence increased over the last decade, supply chains crisis will leave lasting change on globalisation, food price inflation increases pressure on poorer countries and Brexit trade barriers added £600m in costs to UK importers this year.
Korea contributes CHF 290,000 to help developing countries participate in global trade
This donation to the WTO’s Global Trust Fund will finance training workshops aimed at helping government officials to better understand and implement WTO agreements and improve their negotiating capacities. Read more →
More than 100 countries depend on commodity exports
Commodity dependence increased over the last decade from 93 countries in 2008–2009 to 101 in 2018–2019 and the nominal value of world commodity exports reached $4.38 trillion in 2018–2019, a 20% increase compared with 2008–2009, according to UNCTAD’s State of Commodity Dependence 2021 report released on 8 September. Read more →
Supply chain crisis will leave permanent scar, UPS warns
The supply chain crisis unleashed by the pandemic will inflict lasting damage on the globalisation driven by multinationals, according to a top executive at UPS, one of the world’s largest delivery companies. Read more →
Food price inflation heaps pressure on poorer countries
Prices have risen 40 per cent over the past 15 months, according to the latest data from the UN’s Food and Agriculture Organization, heaping pressure on emerging markets where the poorest tend to spend a larger proportion of their income on staples. Read more →
MonetaGo partners with SWIFT to create first-ever global solution to duplicate financing fraud
MonetaGo will partner with SWIFT to ensure users can be confident about connectivity management, authentication, security, interoperability and network reach. Read more →
Brexit trade barriers added £600m in costs to UK importers this year
Customs duties rose to record £2.2bn in first six months since trade deal came into effect on 1 January. Read more →
UK to offer £265m in subsidies for renewable energy developers
Wind, solar and tidal projects will compete for contracts, including funding for onshore schemes. Read more →
ITFC and FCI announce virtual conference on Islamic International Factoring
To be held on the 13th September from 11:00 AM to 01:30 PM KSA Time, the event will explore key topics including the benefits and principles of Islamic factoring. Read more →
