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Developments in trade finance in 2020 were largely driven by the impact of the COVID-19 pandemic. Twelve years after the great financial crisis of 2008-09, the issue of trade finance re-emerged as a matter of urgency. While the current pandemic-related crisis did not have a financial cause, one...
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and challenges customs authorities face when deploying blockchain, the internet of things, big data, data analytics …
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The paper reviews a number of issues related to the use of currencies in international trade, more than one decade after the introduction of the euro and shortly after steps taken by the Chinese authorities to liberalize the use of the RMB in off-shore markets. Trade is an important factor in...
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distributed ledger technology (DLT) – commonly referred to as Blockchain. The tamper-proof and decentralized nature of DLT makes … the first “Blockchain and DLT in Trade” publication was launched in November 2019 have matured and reached the production … finance platform, at the WTO Global Trade and Blockchain Forum. The periodic table provides a means of differentiating between …
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While conditions in trade finance markets returned to normality in the main routes of trade, the structural difficulties of poor countries in accessing trade finance have not disappeared – and might have been worsened during and after the global financial crisis. There is a consistent flow of...
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