Your Questions Answered: What is the Trade Finance Gap and Why Does it Matter?
Steven Beck, the Head of ADB’s Trade and Supply Chain Finance Program, answers questions about the trade finance gap in Asia and around the world, based on ADB’s Trade Finance Gaps, Growth, and Jobs Survey.
Transparency Will Make Global Trade and Supply Chains More Resilient, Socially Responsible
We need to know more about who is involved and what is going on at all points in the supply chain process. Digitalization is key to helping us achieve this level of transparency.
How Standardized Bar Codes Can Make Supply Chains More Transparent
Greater use of bar codes can make global supply chains more robust and enhance the ability to verify social and environmental standards.
The World’s Struggling Supply Chains Need Greater Transparency to Speed Recovery
Greater transparency is required to make global trade and supply chains more reliable and to ensure sustainability and social standards are met. But that is easier said than done.
Financing Gaps are Squeezing Trade in Asia Just When it is Most Needed
The pandemic laid bare the fragility of global supply chains and the need to increase access to trade finance to spur economic growth and create jobs.
Supply Chain Finance is in No Danger Despite Recent Headlines
The crisis with a large financial services company does not signal that supply chain finance is another exotic financial instrument that could trigger disaster.
Can the Pandemic Help End the Paper Chase That is Hobbling International Trade?
Paper-based trade is a drag on the efficiency of the global trading system. Digitization will make trade and supply chains more robust, and the world more secure.
Making RCEP Successful Through Business-Friendly Rules of Origin
The massive Regional Comprehensive Economic Partnership presents a major trade opportunity for Asia but there are still critical details that need to be worked out.
Fix Money-Laundering Reporting Requirements to Stifle Crime, Boost Trade
Improving the reporting system to deter money laundering and the financing of terrorism will make it easier to track down those using the global financial system for nefarious ends, while easing restraints on legitimate trade.
Asia’s Fabled Supply Chains to be Tested by COVID-19 Vaccine Delivery
The enormous logistical challenge of vaccine distribution will be aided by trade and supply chain finance guarantees.