News and Insights

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.

The news was covered by GTR, TXF, Trade Finance Global, Finextra, Business Money, TRF News, Trade Arabia, The Asian Banker, Hellenic Shipping News, Fintech Inshorts, Fintech Insight.

TAGS: Financial Services