We are all familiar with the impact that Covid has led to our global trade platform. The change of events have let an extreme set back in the global economies, forcing businesses to shut down and workers going on lockdowns. The past few months have been very devastating for global...
The initiator of paperless trading, essDOCS has now come in terms with Temenos’ MarketPlace. The current digitized solution is all set to offer integration of essDOCS’ CargoDocs solution to Temenos Transact. This new system will give way to an improved and next generation of c...
International Trade has been a major key towards increasing the GDP of a given country besides improving the flow of cash inside it. The global supply chain plays an important role in the running of business around the world. However, not every business in the supply chain has the...
Miami’s fresh startup venture, Marco Financial recently announced its success at securing a $26 Million in funding. The recent aid is expected to empower the startup to take a shot at $1.5T...
The recent turn of events had led to collateral damage to world economies. The turn of events has let to collateral damage across businesses over every level. Now, as the trade and businesses make their way back at the dawn of Corona virus, the trading policies are being revised to focus more on kic...
Following the changes of rules around gathering amidst the breakdown of the Novel Coronavirus, the Global Trade Review (GTR) 2020 was held in a virtual format recently. The event which was held from September 8-11 laid emphasis on the global trade flows which now shows signs of settling in the after...
The UK has struck a historic deal with Japan and came to terms for a free trade agreement (FTA), marking the first ever deal of its kind. The deal was arranged to be the first big thing post-Brexit trade deal, expected to increase the trade by £15bn a year. UK’s International Trade Secretary ...
The trade transaction volumes in Asia have shown a recovery in their performance with the creation of a V-shaped post-pandemic recovery. It is for the first time since the beginning of the year that the volumes present underpinning of 2019 levels, when monitored from the past couple of months, accor...
Trade Finance Market: Post Covid Updates And Forecast With Up-to-date Analysis Regarding Current Market Scenario
Accounting to over 3% (over 3 Trillion) of the Global Trade, the sectors providing Trade Finance had faced a severe blow in the current financial year. However, in the wake of the current pandemic, the trade finance market presents a positive image. Expected to grow by USD 11.25 billion during 2020-...
As per the report of Allied Market Research, the market of Letter of Credit Confirmation yielded $4.30 billion in 2019 and is expected to reach the mark of $4.99 billion in 2027. This growth will register the growth at 3.18% each year from 2020 to 2027. Moreover, the report gives detailed data regar...