ICC Trade Register reflects on the impact of COVID-19 on global trade, covered by the specialist press
June 2, 2020
The International Chamber of Commerce (ICC) has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade, while also highlighting the low-risk nature of trade finance.
The 2019 report captures a full decade of trade finance-related data – containing nearly US$ 16 trillion of exposures from 32 million transactions across six products and 25 banks worldwide. Results indicate that default rates for trade finance products from 2008-2018 are low across all products and regions.
The report also features a number of topical contributions and commentary on global trade from leading experts – including a comprehensive analysis of COVID-19’s impact on global trade.
Read the full report here.
TAGS: Financial Services