GTR News Brief Episode 27

Host Felix Thompson gives a breakdown of the major stories in trade and trade finance news this week.

Scandal-hit oil trader GP Global is seeking court intervention to stop creditors in Singapore “stealing a march” on banks that are owed millions of dollars.

The Libyan central bank’s letter of credit system may have been exploited for “fraud on a large scale”, researchers say.

The annual GTR Mena event returned (virtually) on February 15-17, to reflect on an eventful year for global trade and developments in the Middle East and North Africa. We assess some of the main takeaways and key insights. 

In other news, pressure is growing for UK and US companies to shift supply chains out of Xinjiang following recent measures by both governments to crack down on imports of goods linked to the Chinese region.

Meanwhile, we also take a closer look at Singapore’s decision to adopt into its own domestic legislation the UNCITRAL Model Law on Electronic Transferable Records.

Music credit to Kevin MacLeod for his track Loopster, taken from incompetech.com. Licensed under creative commons by attribution 3.0 license. Further music credit to Sunrise Drive by South London HiFi. Licensed under creative commons Attribution 4.0 License. Music promoted by CopyrightFree.org