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Around 80% of world trade relies on trade finance—a market that has proven particularly vulnerable to previous financial shocks. Reduced access to reliable, adequate, and cost-effective sources of trade financing can significantly inhibit the potential for trade to act as a vector of economic recovery—disproportionately hindering the growth potential of smaller enterprises and developing economies. In response to the emerging COVID-19 crisis, governments and public-backed institutions are making rapid interventions to support the supply of trade credit to the real economy—but might further action be needed to enable a rapid, trade-driven recovery?
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ICC endorses no responsibility in this guidance paper which is aimed only at sharing practical views and guidance from experts in the management of Trade Finance transactions during this exceptional...
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ICC is calling on national governments to create a modern digital trade ecosystem by reforming laws to digitise trade documentation and align legal frameworks to the UNCITRAL Model Law on...
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ICC is calling on national governments to create a modern digital trade ecosystem by reforming laws to digitise trade documentation and align legal frameworks to the UNCITRAL Model Law on...
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