Trade Finance Association Quiz and Social

Trade Finance Quiz 2009 was held on Saturday, 17 January 2009 at the Galadari Hotel, Colombo with the participation of 24 teams. Mr Rienzie Wijetilleke - Chairman, Hatton National Bank was the Chief Guest for this event. Deutsche Bank was once again the principal sponsor of this event. Seylan Bank became the Champions with Hatton National Bank and Peoples Bank taking the First and Second Runners up positions. The Quiz was followed by the Social with the active participation of the members which build relationships among the trade finance staff across banks.

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WTO halves trade growth forecast for 2023

The World Trade Organization (WTO) has halved its growth forecast for global goods trade this year, dropping it to 0.8% from 1.7%. "The trade slowdown appears to be broad-based, involving a large number of countries and a wide array of goods, specifically certain categories of manufactures such as iron and steel, office and telecom equipment, textiles, and clothing," the WTO says in its updated Global Trade Outlook for October 2023.

World's first carbon border tax enters into force in EU

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World Trade Report 2023 makes case for “re-globalization” amid early signs of fragmentation

The 2023 edition of the WTO’s World Trade Report presents new evidence of the benefits of broader, more inclusive economic integration as early indications of trade fragmentation threaten to unwind growth and development. The flagship publication, launched on 12 September, features findings on how re-globalization — or increased international cooperation and broader integration — can support security, inclusiveness, and environmental sustainability.

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