IAG Cargo strong Q1 financial results shows confident start to 2022 #breakingnews #cargodivision #pandemic #globaleconomy #financialresults #seafreight #ecommerce #reliefaid #Ukraine

Digitalisation driving the future of trade finance for SMEs If trade is the gear that drives the global economy, trade finance is the oil that keeps the equipment turning. On a macro-level, trade finance is crucial in facilitating the movement of goods across borders. It helps generate investment and employment while ensuring the population's needs are met. Furthermore, trade finance enables companies to participate in global trade by providing cash flow and risk mitigation, finding new markets, expanding their business, and capturing new revenue streams. While trade finance underpins every phase of the global supply chain and is pivotal for the economy's growth, the world faces a chronic and vast trade finance gap. According to the Asia Development Bank (ADB), the global trade finance gap widened to US$1.7 trillion in 2020, a 15% increase from US$1.5 trillion in 2018. Not surprisingly, small and medium-sized enterprises (SMEs) continue to be most impacted by the trade finance gap. Although SMEs comprise just 23% of all trade finance applications, more than two in five trade finance requests rejected by banks were from SMEs. The pandemic has weakened the financial situation of SMEs, and they continue to struggle to prove creditworthiness to traditional banks. They might be left not financed due to the perceived risks. Banks also focus their funding on established relationships and businesses to lower default risks, a trend that has left many worthy SMEs without an option for trade finance. It limits their ability to grow their business and participate in global trade. Read more: https://prnewsdistribution.co.uk/digitalisation-driving-the-future-of-trade-finance-for-smes #SMEs #globaltrade #tradefinancegap #globaleconomy #tradefinance #digitaltechnology #Ngulminthang #NgulminthangLhanghal

Asia Shares Drops Despite Positive Signs on Global Economy Recently, Asian shares fell, despite the positive recovery signs of the global economy, including the rallies on Wall Street. Japan's benchmark Nikkei 225 dropped down 0.9% in morning trading to 28,559.89, as investors patiently waited ahead of the country-wise parliamentary elections Sunday. The ruling Liberal Democratic Party, which has ruled consistently for quite a long time, is anticipated to keep on remaining in power. But on the other hand, the opposition is also expected to experience progress as a result of public discontent over the government’s handling of global pandemics and concerns about the economy. South Korea's Kospi lost 0.7% to 2,988.09. Australia's S&P/ASX 200 decreased 0.7% to 7,381.50. Hong Kong's Hang Seng dropped down to 0.8% to 25,343.14, while the Shanghai Composite declined 0.1% to 3,514.03. Read more: https://www.emeriobanque.com/news/asia-shares-drops-despite-positive-global-economy-recovery-signs #positiverecoverysigns #globaleconomy #AsiaShares #globalpandemics #GlobalMarketIntelligence

Global Trade Finance Gap Enlarged To $1.7 Trillion In 2020 According to the latest Trade Finance Gaps, Growth, and Jobs Survey, announced by the Asian Development Bank (ADB) today on Oct. 14, 2021, global trade finance witnessed a record-breaking gap of $1.7 trillion in 2020, a 15% increase from two years earlier. All thanks to the sudden outbreak of Covid-19 through trade & supply chains that brought economic & financial chaos to the global traders and disrupted international trade & transactions. Read the ICC guidelines to address Covid-19 disruptions in the trade finance market. As per the survey, the small and medium-sized enterprises (SEMs) were tremendously affected during the pandemic as trade finance evaporated with the spread of the Covid-19 disease, accounting for almost 40% of dismissed trade finance requests. Particularly, SMEs owned by women found it difficult to get funding, with 70% of their applications completely or partially rejected. The gap which is showing the difference between requests and approvals for funding to aid imports and exports was $1.5 trillion in 2018. According to ADB Trade and Supply Chain Finance Head Steven Beck, “Trade plays a crucial role in recovering the global economy from the pandemic, but the funding shortfall makes it complex to generate employment and development. The difficulties of trading businesses might be even more outrageous than our survey reports, as many of them were discouraged by the economic vulnerability from even applying for trade finance services. The increased prices of food and energy will worsen the gap situation, eating into nation and counterparty funding limits in place to help trade.” Read more: https://www.emeriobanque.com/news/global-trade-finance-gap-enlarged-to-1-7-trillion-in-2020 #tradeFinanceGaps #GlobalTradeFinance #SMEs #globaleconomy #tradefinanceservices

Trade Finance & SMEs - Reasons Why SMEs Opt For Trade Finance Small & medium-sized enterprises ie. SMEs have long been considered one of the key drivers for economic growth along with an exceptional ability to fuel employment in a country. The importance of SMEs in the global economy lies in the report issued by the World Trade Organization according to which SMEs represent over 90 percent of the business population, creating 60-70% of job opportunities and 55% of GDP in the developed economies. But unfortunately, despite their remarkable contributions to global trade development, the struggle of SMEs in securing affordable & flexible financing is not showing any positive signs, especially in international trade transactions. Many SMEs are unable to borrow from the traditional banks & have limited access to financial services leading to low productivity & exports. But why? The reason behind this lack of working capital is caused by imposed complexities by banks while applying for a loan. These institutions have become extremely risk-averse and are not willing to provide funding to companies with smaller balance sheets. Here, applying for global trade finance enables small & medium-sized enterprises to execute overseas transactions with sufficient cash flow. In this blog, we are explaining why SMEs opt for international trade finance. Read more: https://www.emeriobanque.com/blogs/trade-finance-and-smes-reasons-why-smes-opt-for-trade-finance #globaleconomy #globaltradedevelopment #internationaltradetransactions #globaltradefinance #internationaltradefinanceproviders #tradefinance