In a recent address to the Council of Foreign Chambers of Commerce in the UK, IOE&IT chairman Terry Scuoler CBE started with a defence of trade as a force for good and its role in lifting people out of poverty. He stressed that he was talking about trade which was mutually beneficial – both free […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has signed ten major Trade Financing Agreements worth more than US$1.2BN, and Trade Development Agreements with its member countries from Asia and Africa, at the 46th IsDB Annual Meeting of the IsDB Group held in Tashkent, Uzbekistan earlier this month. […]
Automation is key to accelerating trade finance organisations’ digital journeys, according to a new whitepaper – ‘Trade finance document checking and data management: the case for automation’ – from leading banking software specialist Conpend. The paper explores the transformative potential automation has for the global trade finance supply chain, and showcases ING Bank as a […]
The Institute of Export & International Trade (IOE&IT) today announced that it is making £500,000 of funding available to help workers who have been furloughed, made redundant or become unemployed. The IOE&IT is the UK’s leading professional body for those involved in international trade and it stands ready to help companies with skills shortages and […]
XDC Network, a highly interoperable, hybrid blockchain platform that supports global trade and finance, is honoured to have been selected as the first blockchain company to join the global Trade Finance Distribution (TFD) Initiative, a consortium of trade originators, credit insurers, and institutional funders on a mission to boost automation and transparency in trade asset […]
The IOE&IT has published a new series of videos to support traders as they adjust to new post-Brexit rules and learn how to trade successfully in international markets. The new library – which is exclusive to IOE&IT members – includes recordings of the first two series of ‘Lunchtime Learning’ webinars that the IOE&IT hosted over the first […]
TradeMark East Africa (TMEA), and the Institute of Export and International Trade (IOE&IT) have today at the Kenyan High Commission in London, signed a Memorandum of Understanding, which provides a framework for collaborating to implement a digital trade corridor between the UK and Kenya. The initiative, the ‘UK-Kenya Trade Logistics Information Pipeline’ (TLIP), aims to […]
In the period from January to March 2021, total trade between Moscow and EU member states rose 2% to USD 27.46bn. According to Vladimir Yefimov, Moscow’s deputy mayor for economic policy and property and land relations, the capital city accounts for half of the volume of trade between Russian and the European Union. “In January […]
King Trade Capital (“KTC”) is pleased to welcome back a client from 12 years ago by providing a $5m import finance facility with an accordion feature to expand to $10m. The owner/founder of a very successful food products company reached out to King Trade Capital founder, Edward King, to discuss the happy yet surprising doubling […]
The British Chambers of Commerce’s Trade Confidence Outlook for Q2, released today, has shown that exporters still face significant issues after a historically weak Q1. The survey of more than 2,800 UK exporters revealed that the percentage of firms reporting increased export sales had risen to 27%, a 7-point rise from the previous quarter. The percentage of businesses reporting decreased export sales fell to 28%, down from 41%, however this remains a […]
