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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 International Trade & Prosperity Week took place from 17 - 20 October 2022. Read the key takeaways here
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Digital Solutions to Handling Commercial Trade Documents Making trade cheaper, faster, simpler and more sustainable. This report provides some practical examples of digitalised trade transactions around the globe; identifies issues,...
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