Category: Food Finance
The UK’s International Trade Secretary Liz Truss and India’s Minister of Railways and Commerce & Industry Piyush Goyal agreed to explore opportunities for expanding and deepening our trade relationship. This will include an Enhanced Trade Partnership as the first step on a wider roadmap for a deeper trade partnership, and subject to progress could lead […]
The first ship carrying grain has left a Ukrainian port under a landmark deal with Russia. Turkish and Ukrainian officials say the ship left the southern port of Odesa early on August 1 2022. Russia has been preventing shipments from Ukrainian ports since February, but an agreement has finally come to fruition; shipments will be […]
Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion. Sri Lanka is going through its worst economic crisis since its independence in 1948, catalysing several consequences––most notably diminishing foreign exchange reserves. The country owes $51 billion in foreign debt, of which $28 billion must […]
Estimated reading time: 2 minutes Today, the Beer Institute, the oldest national trade organisation representing the beer industry, reacted to the release of the U.S. International Trade Commission’s (ITC) newest report showing that U.S. companies, rather than China, bore the brunt of costs imposed by Section 232 tariffs on aluminium. Brian Crawford, president and CEO […]
The United Arab Emirates (UAE) and Thailand have agreed to begin negotiations to establish a Comprehensive Economic Partnership Agreement (CEPA) between the two countries, according to a joint statement signed by Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce of Thailand. […]
In response to the challenges posed by the COVID-19 pandemic and the recent crisis in Ukraine, the World Trade Organization (WTO) has introduced the Global Trade Data Portal. This initiative aims to tackle potential disruptions in global supply chains and mitigate risks to food security. The Portal provides timely and detailed data, facilitated by new […]
In collaboration with the Ukrainian government, Ukreximbank, Ukrgasbank, and DZ Bank, Marsh McLennan has announced Unity, a new insurance facility designed to offer cost-effective insurance for exporting grain and other essential food supplies from Ukraine’s Black Sea ports. Lloyd’s of London-based insurers will underwrite Unity, offering up to $50 million in hull and separate protection […]
