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International Chamber of Commerce’s Olivier Paul explains how to overcome challenges to trade finance provision in article for Trade Finance Global
March 3, 2020
Writing for Trade Finance Global, Olivier Paul, Director, Finance for Development at the International Chamber of Commerce, explains how many challenges to the adoption of trade finance products still remain – such as the unintended impact of regulation and the growing cost of compliance – despite the growth in global trade flows to a new peak of US$18.5 trillion in 2018.
Market participants must work together, Paul argues, to help alleviate any unintended obstacles to the provision trade finance, especially to smaller businesses and those in emerging markets most likely to be affected by the existing US$1.5 trillion trade finance gap.
Read the full article here.