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A Lithuanian official says a spat over alleged restrictions by China poses a challenge to the World Trade Organization’s (WTO)’s ability to protect rules-based trade. As the European Union prepares for WTO dispute settlement consultations with China over what it says are discriminatory trade practices against Lithuania, Vytautė Šmaižytė-Kuliešienė, spokesperson for the country’s ministry of ...

Australia’s public export finance institution has conditionally approved the first loans to be rolled out under a financing scheme to develop the country’s critical mineral sector. Export Finance Australia (EFA) has offered two loans worth a total of A$239mn (US$170mn) to two companies developing graphite processing projects for the supply chains of electric vehicle batteries. ...

TradeLens, a digital platform launched by IBM and AP Moller-Maersk, has completed its first end-to-end paperless trade finance transaction. The deal, which involved the shipment of agrichemicals from South Korea to Bangladesh by Syngenta, was financed with a letter of credit from HSBC. All associated documentation was shared among the parties via the TradeLens platform. ...

Danske Bank has appointed Troels Estrup as senior vice-president and global head of trade finance, effective from February 1. Estrup has been at the Danish lender since 2013 and was most recently global head of treasury client management, markets and transaction banking. He replaces Lars Ekström, who had been in the role since July 2019. ...

Financial technology solutions provider MonetaGo has appointed Oswald Kuyler to the newly created role of head of strategy for Europe, effective March 1, GTR can reveal. Kuyler joins MonetaGo from the International Chamber of Commerce (ICC)’s Digital Standards Initiative (DSI), which he has led since it was established in September 2020. During his time at the ...