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.
To level the playing field in Asia and the Pacific, women-owned companies need financial backing to support their importing and exporting needs.
The health crisis should drive us to aggressively digitize global trade and supply chains so we can make the economic recovery stronger and the economy more robust.
The buyer-centric approach is making waves as a viable way for banks to facilitate more access to credit for SMEs in Asia and the Pacific.
The crisis with a large financial services company does not signal that supply chain finance is another exotic financial instrument that could trigger disaster.
Criminals must be prevented from using the financial system but misdirected efforts to stop crime can harm small businesses and the jobs they create
Trade finance support can help the country achieve its goal of becoming an upper middle-income economy by 2030.
We need to better explain and implement free trade agreements, support other fast-growing emerging markets, keep closing trade financing gaps, and embrace new technologies to bring in more players.
Digital or financial technology – including mobile internet access, blockchain, artificial intelligence, and big data – can make international trade more efficient and support financing options.
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.