WTO: Trade slowing due to supply chain issues

WTO: Trade slowing due to supply chain issues

WTO: Trade slowing due to supply chain issues   Following a rapid recovery in global goods trade levels in the early months of the year, supply chain issues in critical sectors and gridlock in the shipping sector are dampening prospects for international commerce, newly released data from the World Trade Organization (WTO) show. The WTO […]
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ICC published a report on setting common standards for sustainable trade and associated financing

ICC published a report on setting common standards for sustainable trade and associated financing

ICC published a report on setting common standards for sustainable trade and associated financing  The International Chamber of Commerce (ICC) has today published a report setting out proposals to tackle the longstanding challenge of defining and setting common standards for sustainable trade and associated financing. The paper, developed in partnership with the Boston Consulting Group […]
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The ICC publishes new global rules for digital trade transactions

The ICC publishes new global rules for digital trade transactions

The ICC publishes new global rules for digital trade transactions Following months of consultation, the International Chamber of Commerce (ICC) has now published its Uniform Rules for Digital Trade Transactions (URDTT), which it says will serve as an overarching framework for a future, fully digital, trade environment. The rules apply to each party involved in […]
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Standard Chartered and Linklogis establish JV to drive sustainable trade finance.

Standard Chartered and Linklogis establish JV to drive sustainable trade finance.

Standard Chartered and Linklogis establish JV to drive sustainable trade finance. Joint venture to launch Olea, a digital blockchain-enabled trade finance platform Standard Chartered, a leading international banking group, and Linklogis, a leading supply chain finance technology solution provider in China, today announced a joint venture to establish Olea, a fully-digitised trade finance origination and […]
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“Fight to quality” across the banking sector

“Fight to quality” across the banking sector

 “Fight to quality” across the banking sector The commodity finance market is divided. Nervous after a string of fraud scandals and losses during 2020, banks have increasingly restricted financing to smaller trading houses – yet at the larger end of the market, business is booming. In May, agri trading giant Cargill disclosed record earnings to […]
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Singapore Retains Top Spot Amongst World Maritime Centres

Singapore Retains Top Spot Amongst World Maritime Centres

Singapore Retains Top Spot Amongst World Maritime Centres The Xinhua-Baltic International Shipping Centre Development Index, published by Chinese news agency, Xinhua, and global maritime data provider, the Baltic Exchange, has ranked Singapore as the top global shipping centre for the eighth year running. The index is an independent ranking of the performance of locations around […]
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DBS completes first trade finance transactions on Singapore

DBS completes first trade finance transactions on Singapore

  DBS completes first trade finance transactions on Singapore The $25 million transaction, priced off Secured Overnight Financing Rate (SOFR) averages, is an industry milestone as the global interbank offered rate (IBOR) transition gathers pace. DBS has worked on Singapore’s first export financing transaction referencing the US dollar (USD) denominated SOFR, for global food and […]
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The new commitment from the G7 - Transition to paperless trading

The new commitment from the G7 – Transition to paperless trading

The new commitment from the G7 – Transition to paperless trading. A new commitment made by G7 digital and technology ministers to adopt electronic transferable records in international trade transactions has been hailed as a “momentous step forward” for trade digitisation, and businesses are being called upon to get ready for digital trade now – […]
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