Tariff uncertainty driving global economy towards recession, says UNCTAD | Global Trade Review (GTR)
Uncertainty around global trade policy is pushing the global economy towards a recession, UN researchers warn.| Global Trade Review (GTR)
Uncertainty around global trade policy is pushing the global economy towards a recession, UN researchers warn.| Global Trade Review (GTR)
The International Trade and Forfaiting Association (ITFA) has issued the Washington Declaration, a call to action urging the United Nations to formally recognise the global trade finance gap as a critical barrier to achieving the Sustainable Development Goals (SDGs). ITFA has proposed ambitious targets for the trade finance industry: halving the US$2.5tn gap by 2030 ...| Global Trade Review (GTR)
Already grappling with a long-term decline in correspondent banking relationships, banks in Eastern Europe and Central Asia are concerned de-risking is accelerating in the wake of sanctions imposed on Russia. However, participants at a recent industry event believe there could be signs of positive change ahead. Correspondent banking provides a vital lifeline for regional lenders ...| Global Trade Review (GTR)
New York legislators have taken an important step towards digitalising trade in the state, adopting reforms that provide a legal basis for electronic records and digital assets. Adopted by the Assembly and Senate on June 11, the reforms bring New York in line with the Uniform Commercial Code (UCC), a model law amended in 2022 ...| Global Trade Review (GTR)
The World Bank has agreed to guarantee funding to Banco do Brasil, enabling the bank to offer up to US$700mn in trade finance to MSMEs. The Multilateral Investment Guarantee Agency (Miga), an arm of the World Bank, will provide a 95% guarantee on a three-year loan provided to Banco do Brasil by BBVA and…| Global Trade Review (GTR)
The UK government is injecting an extra £20bn of capacity into UK Export Finance as part of a national trade strategy.| Global Trade Review (GTR)
