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House of Commons releases Electronic Trade Documents Bill research briefing

The House of Commons recently released a research summary of the Electronic Trade Documents Bill (ETDB), marking yet another step towards the bill becoming an enshrined law in the summer of 2023. According to the House of Commons, “The Bill was introduced into the House of Lords and received cross-party

African free trade area could spur sustainable growth: UN chief

Mr Guterres was speaking on the final day of the annual Africa Dialogue Series in New York, where the focus this year was on accelerating the implementation of the African Continental Free Trade Area (AfCFTA) – set to be the largest in the world.  Harness the potential  He said the pandemic brought high food and

Advanced Microchip Production Relies on Taiwan

Semiconductor fabrication lays the foundation for microchip production and therefore helps to make our world go round in many ways, as chips do not only power computers, smartphones and other consumer electronics, but are also a mainstay of the automotive industry, control medical devices and keep network infrastructures running. Data published

US semiconductor imports surge 13% in 2023, highlighting foreign chip reliance

US semiconductor imports grew 13% in value during the start of 2023, highlighting the country’s lasting reliance on foreign chip needs. Though efforts have been made to shift supply lines closer to shore, Asia continues to be a key source of semiconductors. Thailand doubled their input of direct exports to the

Singapore completes first cross-border electronic transferable record trade

Singapore has taken another step forward in being a regional leader in trade digitisation as they continue to develop programmes and initiatives to support this transition. The Infocomm Media Development Authority (IMDA) recently announced the completion of a live shipment to Thailand through Singapore’s TradeTrust framework, using an Electronic Transferable Record (ETR),

Indian exports crossed record $750 bn-mark: Piyush Goyal

Indian goods and services exports have crossed the USD 750 bn-mark for the first time, news agency ANI reported Union Commerce & Industry Minister Piyush Goyal as saying at an event on Tuesday. In 2021-22, the country’s goods and services exports touched an all-time high of USD 422 billion and

Term of the Week – Factoring

Factoring is a form of Receivables Purchase, in which sellers of goods and services sell their receivables (represented by outstanding invoices) at a discount to a finance provider (commonly known as the ‘factor’). A key differentiator of Factoring is that typically the finance provider becomes responsible for managing the debtor

Global trade growth powered by green products, UNCTAD finds

Environmentally friendly products are proving to be a bright spot in global trade as overall growth remains weak, according to the United Nations Conference on Trade and Development (UNCTAD). Although global trade increased to a record US$32tn in 2022, UNCTAD’s March 2023 update finds that the second half of 2022

Did You Know? – Tanning or Dyeing Extracts

The exports for Tanning or Dyeing Extracts from India have increased from USD 3.06 Billion in FY21 to USD 3.95 Billion in FY22 [an increase of approx. 29.26%] The major export partners for these products from India are China P PR, USA, Bangladesh PR, Turkey, Germany etc. With banking relationships

Did You Know?

360tf enables trade finance globally. It brings the trading world closer by connecting Importers & Exporters with partner banks across the globe to fulfil their LC financing requirements. We connect with banks across the globe digitally to meet your Trade Finance requirements. Interbank Burundi, Landsbankinn, Burgan Bank, Iceland Manufacturing Ltd,