Global trade is forecast to increase between 30% and 70% by 2030, with 80% relying on trade finance. With traditional merchant banks struggling to meet the challenges of digitisation needed to deliver faster trade flows, Times International will focus on bridging the current supply chain funding gaps, offering market leading digital finance and FOREX services […]
Some are commodity havens, some develop disruptive and innovative technologies, some are leaders in chemical production – but have you ever thought about what each nation is well-known for in terms of trade? CMC Markets has carried out research into some of the largest producers and exporters across the world to see which countries are […]
The DHL Ocean Freight Market Update Report November 2022 is now available. Below are highlights of the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. Demand outlook – Various events such as war in Ukraine, the energy crisis and inflation are lowering consumer spend, and thus demand […]
UK Export Finance has launched a new product to help support SMEs through challenging market conditions. Announced by Minister for Exports Andrew Bowie, at UKEF’s annual Finance Forum, the new Bills and Notes product is now open to guarantee payments by overseas buyers. The product will be available to more financial institutions with a simpler, […]
UK Export Finance (UKEF) will become the first export credit agency in the world to introduce Climate Resilient Debt Clauses (CRDCs) into its loan agreements. These will provide low-income countries and small island developing states the ability to defer debt repayments in the event of a severe climate shock or natural disaster. This is part […]
Samir Parkash, interim CEO of UKEF, has today announced that Virgin Money is the latest financial institution to be onboarded onto the General Export Facility (GEF), opening up access to financial support to their business customers. GEF was launched in March 2021 and is designed to provide access to flexible finance for SME exporters. It has […]
Wyke Farms, the UK’s largest independent cheese producer, has received support from UK Export Finance (UKEF) and Barclays to help finance its Cheddar stock as its export sales have gone from strength to strength now exporting in over 160 countries. Wyke Farms’ products are in high demand – but rising inflation has hugely impacted the […]
A new report by the Institute of Export & International Trade (IOE&IT) and Flint Global entitled ‘Enhanced efficiency: Building a UK border fit for the 21st century’ has found that challenges for UK traders continue to increase. Policy recommendations The report identifies five key policy pillars for a new world-class UK border. These include: Creating […]
New export figures from the government’s Office for National Statistics (ONS) paint a stark picture of the reality of post-Brexit trade. They show how UK exports collapsed to the EU Big Four of Germany, France, Italy and Spain. The international delivery expert ParcelHero says that the anticipated increase in trade beyond Europe post-Brexit also failed […]
80% businesses that trade overseas plan to grow their global footprint further in the next five years, according to new research. According to the findings, a quarter (23%) of UK-based businesses that trade internationally have experienced an increase in overseas activity and a further quarter have increased their targeting of new international markets since 31 […]
