News

ICC issues 'Trade Financing and COVID-19’ paper

22/05/2020

In a new paper issued on 20 May 2020, the ICC is estimating that as much as US$5 trillion in market capacity will be needed to return trade volumes close to 2019 levels in 2021. With the World Trade Organization projecting that the effects of COVID-19 could cause merchandise trade to drop by over 30% this year, the ICC has cautioned that a rapid economic recovery will only be possible if sufficient credit is available to bring trade close to its pre-pandemic trend over the next 18 months.

The paper can be found here


Back to recent news

Recent News

Automated Document Examination and Financial Crime Risks managed by AI 28/02/2024

For almost two years now I have been acting as a consultant to a company called Complidata who are based in Belgium...more

Winter 2023-2024 Newsletter added to the Members Trade Information section 01/02/2024

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more