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IIG Trade Finance Insights Archive/Past Editions

Five Takeaways from the ICC Trade Finance Survey
IIG Trade Finance Insights, July 2018

In many ways, the 2018 Global Trade Finance Survey, published by the International Chamber of Commerce (ICC) in June, confirmed the market sentiment of many: the global economic recovery is picking up pace and trade flows have finally outpaced GDP growth, reaching 8.7%, but a rise in protectionist rhetoric is threatening this positive trend.

As Alexander Malaket, chair of the ICC Banking Commission Market Intelligence, says in his foreword: “Trade deficit bad. Protectionism good. Exports good. Imports bad. Surely we can do better, even in these highly politicized, cynical times. Informed, thoughtful and statesman-like dialogue on international trade is more urgent than ever.”

To help this dialogue, the ICC has collected views from 251 banks headquartered in 91 countries. The good news is the trade finance market seems to be growing...>/p>

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