Global Trade Review

Name: Global Trade Review
Address: London, GB
Telephone: 44 (0)20 8673 9666

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Global Trade Review

The independent voice to keep you updated with all the latest deals, market trends, moves and events in the international trade finance market.

GTR is the world’s leading news source, publisher and event organiser for the global trade, commodity, export and supply chain finance industries, with offices in London and Singapore.

08/12/2023

Trade finance tech company TradeSun has partnered with consultancy ReThink Sustainability as both firms look to help customers improve their ESG scoring.

Trade finance tech company TradeSun has partnered with consultancy ReThink Sustainability as both firms look to help customers improve their ESG...

08/12/2023

Two Balli Steel executives convicted for their roles in a years-long trade finance fraud have been ordered to pay a combined £466,000 to the UK’s anti-graft agency.

Two Balli Steel executives convicted for their roles in a years-long trade finance fraud have been ordered to pay a combined £466,000 to the UK’s...

08/12/2023

Celebrated annually as the premier trade and export finance conference in the region, GTR MENA has been a cornerstone in the industry for over two decades. Returning to Dubai, UAE on February 20-21, the event offers a unique networking experience and a content-driven agenda for key individuals and organisations at the forefront of MENA trade.

2024’s event will feature over 80 guest speakers and provide an extensive programme where delegates will gain unrivalled insights and first-hand perspectives into topics and themes including:
» +, post-oil trade and the business of
» Strategic supply and the role of state-backed support
» Is the UAE the next centre for ?
» Releasing trapped cash – a priority for corporates
» Building a sustainable roadmap for investors
» What are the next big trends in trade innovation?

With over 5 hours of networking opportunities throughout the two-day event, join over 900 practitioners all under one roof for your chance to catch up with industry friends and build those crucial new market connections.

Secure your ticket before January 19 to receive a 10% early discount.

Visit www.gtreview.com/gtrmena or contact [email protected] to secure your place.

The premier gathering for connecting with the key individuals and organisations at the forefront of MENA trade

07/12/2023

Nedbank CIB is set to launch a new infrastructure finance division as part of a restructuring aimed at boosting deal-making activity in Sub-Saharan Africa.

Nedbank CIB is set to launch a new infrastructure finance division as part of a restructuring aimed at boosting deal-making activity in Sub-Saharan...

07/12/2023

The International Chamber of Commerce has broadened its trade finance sustainability standards to include three high-risk sectors, a major step in its plans to develop a global benchmark for measuring the sustainability of trade transactions.

The International Chamber of Commerce has broadened its trade finance sustainability standards to include three high-risk sectors, a major step in...

07/12/2023

The UK’s National Crime Agency has told banks to be on the lookout for attempts to evade export controls designed to starve the Russian military of key goods and technology.

The UK’s National Crime Agency has told banks to be on the lookout for attempts to evade export controls designed to starve the Russian military of...

07/12/2023

Trade bodies have warned that EU reforms tackling late payments could make it unviable for banks to support supply chain finance facilities, increase costs for SMEs and limit access to trade credit insurance.

Trade bodies have warned that EU reforms tackling late payments could make it unviable for banks to support supply chain finance facilities,...

06/12/2023

A consortium of businesses including Deloitte and Unilever has completed a proof of concept for a global location register that buyers and investors can use to map the sustainability of their value chains.

A consortium of businesses including Deloitte and Unilever has completed a proof of concept for a global location register that buyers and...

06/12/2023

Trafigura will face a first-of-its-kind criminal trial in Switzerland for alleged bribery of Angolan public officials, and has set aside US$127mn following a separate US investigation into corruption claims in Brazil.

Trafigura will face a first-of-its-kind criminal trial in Switzerland for alleged bribery of Angolan public officials, and has set aside US$127mn...

06/12/2023

The US government has accused a network of commodity traders in Dubai, Hong Kong and Singapore of circumventing sanctions on Iran, facilitating shipments worth billions of dollars to Asia and Europe.

The companies were involved in an oil export scheme orchestrated by Tehran-based Sepehr Energy, which is headed by an Iranian oil ministry official and has ties to the country’s military, according to the US Office of Foreign Assets Control.

The US government has accused a network of commodity traders in Dubai, Hong Kong and Singapore of circumventing sanctions on Iran, facilitating...

05/12/2023

The leaders of Australia and Norway have added their countries’ names to a growing list of nations and institutions that have vowed to end international public financing for fossil fuels.

The leaders of Australia and Norway have added their countries’ names to a growing list of nations and institutions that have vowed to end...

05/12/2023

A group of European and North American export credit agencies has launched a UN-backed initiative to drive public finance away from fossil fuels and towards more environmentally sustainable business sectors.

Nina Pušić, OECD export finance climate strategist at Oil Change International, says the official NZECA text is “more ambitious” than expected and the founding ECAs’ pledge to end fossil fuel finance by 2024 is significant.

A group of European and North American export credit agencies has launched a UN-backed initiative to drive public finance away from fossil fuels...

04/12/2023

Revised repayment terms under the OECD framework on export credits could be challenging for banks, prompting increased demand for alternative means of funding, according to industry experts.

Negotiators secured a modernisation of the OECD Arrangement on Officially Supported Export Credits in March, which saw maximum repayment terms for ECA-supported, climate-friendly projects extended to 22 years, while the maximum tenor for all projects was upped from 10 to 15 years.

Revised repayment terms under the OECD framework on export credits could be challenging for banks, prompting increased demand for alternative means...

01/12/2023

Global commodities trader Mercuria has closed a borrowing base facility for its North American operations, securing US$3bn from a syndicate of international banks.

ING, MUFG, Natixis, Rabobank, Société Générale and SMBC are joint lead arrangers, while Société Générale also acts as administrative agent.

Global commodities trader Mercuria has closed a borrowing base facility for its North American operations, securing US$3bn from a syndicate of...

01/12/2023

A slump in global goods trade appears to be coming to a gradual end, although geopolitical risks and a “stagnant” European Union economy continue to weigh on demand, the World Trade Organization says.

The volume of merchandise trade fell by 0.4% and 0.5% year-on-year in the first two quarters of this year respectively, with export orders and electronics sales held back by sluggish performance across major economies.

A slump in global goods trade appears to be coming to a gradual end, although geopolitical risks and a “stagnant” European Union economy continue...

30/11/2023

The UK government has committed £4.5bn in funding for strategic manufacturing, as it seeks to lure more production to its shores in the face of fierce global competition.

The UK government has committed £4.5bn in funding for strategic manufacturing, as it seeks to lure more production to its shores in the face of...

30/11/2023

The UK’s Financial Conduct Authority has shed light on its greenwashing crackdown, confirming its intention to step up scrutiny on all financial services firms.

The UK’s Financial Conduct Authority has shed light on its greenwashing crackdown, confirming its intention to step up scrutiny on all financial...

30/11/2023

UniCredit cannot hold global commodities giant Glencore liable for a US$37.2mn loss it suffered from fraud committed by collapsed trader Hin Leong, an appeals court in Singapore has ruled.

The Italian bank sued Glencore in 2020, claiming the company deceived it into issuing a letter of credit by failing to disclose the existence of a back-to-back transaction with the now-disgraced trader.

UniCredit cannot hold global commodities giant Glencore liable for a US$37.2mn loss it suffered from fraud committed by collapsed trader Hin Leong,...

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Videos

We’re excited to announce our partnership with the incredible charity, Community Chest, for the annual #GTRAsia #trade, #treasury, #commodities and #fintech conference in #Singapore on September 5-6. Since 1983, Community Chest has been the embodiment of care and share, rallying the community to lend a helping hand to those in need. With a commitment to uplifting lives, they supported over 100 social service agencies, address critical needs and ensuring the no one is left behind. What is remarkable is that every ounce of your support counts. Thanks to the generous backing by Tote Board, 100% of your contributions goes towards empowering lives. Together we can make a lasting impact on: » Adults with disability » Children with special needs and youth-at-risk » Families in need of assistance » Individuals with mental health conditions » Seniors in need of support Let’s come together and create a brighter, more compassionate world. Your support matters! For more information about Community Chest, visit www.comchest.gov.sg » Donate now: https://www.comchest.gov.sg/donation/Donate/10148%C2%A0

In this, the third episode of the Taulia Spotlight series, we delve into the transformative role of data within #financialservices, #trade and #ESG. Our discussion explores current data application and future goals, encompassing credit analysis and financial inclusion, and features distinguished guests: managing director of product management at Taulia, Ali Ansari; economist and founder of Rebeccanomics, Rebecca Harding; and trade finance veteran Michael Vrontamitis. Led by GTR’s editorial director Shannon Manders, this roundtable navigates the evolution of data, unveiling strategies, hurdles and advantages within our industry. Watch the full video on https://ow.ly/yjat50PHCU7. For more information and to receive the latest #trade and #tradefinance updates via email by registering for GTR’s weekly eNews at https://ow.ly/HUcq50PHCU8.

GTR East Africa 2023 Conference Highlights

Having welcomed over 300 market leaders this year, #GTREastAfrica 2023 delivered a highly anticipated opportunity to connect with key players and access to a full spectrum of companies involved in trade and exports in East Africa. Covering critical market insight and enjoying the support of leading trade and financial institutions, delegates gained unrivalled perspective through an extensive programme of over 50 expert speakers, while the exhibition hall provided an invaluable opportunity to network and connect with industry leaders, peers and potential clients. GTR East Africa 2024 will return to Nairobi in June 2024. Visit www.gtreview.com/gtreastafrica for more event announcements. #Tradefinance #Exportfinance #Infrastructurefinance

With 482 participants at GTR India 2023 on May 24th, the exclusive one-day gathering reflected on the latest Indian trade and export market developments, from regulatory policy to shifting supply chain dynamics, banking reform and credit access, fintech innovation and sustainability, among many other themes. » Did we catch you networking at this year's event? Watch the video to find out! We hope you had a great time networking and participating in the various interactive and informative discussions, the feedback for which has been overwhelmingly positive! We look forward to seeing you again next year for GTR India 2024 or at another upcoming GTR event! More details at gtreview.com/events #GTRIndia #IncredibleIndia #TradeFinance #SupplyChainFinance #Conference

Welcoming a record-breaking attendance of 403 last month, GTR West Africa reaffirmed its position as the premier annual gathering for the region’s traders and their financing partners. We hope those who joined us in #Lagos, #Nigeria had a great time networking and participating in the various interactive and informative discussions, the feedback for which has been overwhelmingly positive! Did we catch you networking at this year's event? Watch the event wrap-up video! Returning to Lagos in April 2024, GTR West Africa will once again bring together leading minds in West African trade, supply chain, export and infrastructure financing for two days of unrivalled networking and lively debate. Offering critical market insight and enjoying the support of leading trade institutions, delegates will gain perspective through an extensive programme of over 40 expert speakers while the exhibition hall will provide an invaluable opportunity to network and connect with industry leaders, peers and potential clients. Visit gtreview.com/gtrwestafrica to join event newsletter announcements or gtreview.com/gtrevents for more upcoming GTR events.

We were delighted to see so many of you at this year's 20th anniversary of GTR MENA in #Dubai on February 21-22. Did we capture you networking at this year's event? Our 2023 event wrap-up video is now live - watch it below now! 👇 Reflecting on a year of great change, over 90 #trade and #export #finance experts led discussions on key challenges and opportunities covering themes from #supplychain disruption, surging #commodity prices and rampant #inflation, to the excitement and optimism generated by the region’s many exciting transformation programmes. Established as the premier gathering for connecting with the key individuals and organisations at the forefront of MENA trade, attendees gained unparalleled networking opportunities throughout the two-day event. Join Global Trade Review and our event supporters next year on February 20-21, 2024 for what is set to be another highly anticipated event. Visit www.gtreview.com/gtrmena for more details. We look forward to seeing you again next year for #GTRMENA 2024!

GTR - TAULIA - Last Section - Teaser EDIT 10-01-2023 LINKEDIN 1080P (1).mp4

What are the most important trends and challenges expected to affect CFOs in 2023? GTR presents an in-depth conversation with Alistair Baxter, Head of Receivables Finance at Taulia, Marina Goldberg, Senior Director of Product Management at SAP, and Oren Bass, Head of Origination at Pemberton. Led by GTR’s editorial director, Shannon Manders, this discussion reflects on business challenges, including inflation and recession, as well as opportunities driving the transformation of financial supply chains. Watch the full video, now available, on http://ow.ly/qrhv50MoRAr #2023trends #CFO #workingcapital #supplychainfinance

GTR’s annual awards dinner will return to London on May 3, 2023, to celebrate the achievements of the world’s leading #tradefinance service providers, highlighting excellence in the #trade, #commodity, #supplychain, #exportfinance and #fintech markets. This black-tie event is an annual highlight for the trade finance community, providing ideal networking opportunities as well as the chance to catch up with old friends and acquaintances from the market. Submissions for the GTR Awards 2023 are open until January 10, 2023. Visit www.gtreview.com/gtrawards to start your submission. #GTRAwards #GTRBestDeals #LeadersinTrade

Now in its 19th edition, the GTR Directory features over 2,000 contacts, and has firmly established itself as the leading source for industry contacts from the world of international #trade, #commodity, #export and #supplychain #finance, as well as financial technology. Access a free digital version on our website at www.gtreview.com All GTR subscribers receive a free hardcopy and get access to the GTR Directory via the GTR app. Visit our subscriptions page to subscribe or contact us at [email protected] for more details. #directory #tradefinance #fintech #contacts

In September, trade finance lenders, fintechs and credit insurers announced key appointments within their teams. Follow us to keep up-to-date with October’s ‘On the Move’ news, and visit https://www.gtreview.com/news/on-the-move/ to read the full articles. If you have not yet subscribed to our news articles and would like to read more, you can sign up for a monthly or yearly digital subscription. Please contact [email protected] for more information. #onthemove #tradefinance

GTR is delighted to announce this year’s winners for the GTR Leaders in Trade Country Awards for Africa – featured in this year’s GTR+ Africa publication: https://www.gtreview.com/supplements/gtr-africa-2022/ The GTR Leaders in Trade Awards for Africa celebrate the best trade finance banks in the region, based on submissions sent to GTR and input from industry experts. A huge congratulations to this year’s winners of ‘best trade finance bank’ in: Côte d'lvoire: UBA Kenya: Stanbic Bank Ghana: FCMB Mauritius: MCB Nigeria: Ecobank South Africa: RMB Tanzania: CRDB Bank Zambia: RMB #GTRAwards #GTRLeadersinTrade #Africa

In August, trade finance and supply chain organisations, law firms, and banks announced the fulfilment of key leadership positions. Follow us to keep up-to-date with September’s ‘On the Move’ news, and visit https://www.gtreview.com/news/on-the-move/ to read the full articles. If you have not yet subscribed to our news articles and would like to read more, you can sign up for a monthly or yearly digital subscription. Please contact [email protected] for more information. #onthemove #tradefinance