02 Foreword
Lord Offord of Garvel CVC, Minister for Exports and Parliamentary Under Secretary of State
04 Foreword
Chris Southworth, ICC United Kingdom
06 Contents
What’s inside this issue
09 Section one: Shaping the Future Trade Ecosystem
10 Reshaping Trade with Emerging Technologies: Opportunities, Challenges and Next Steps
20 From Documents to Data: Assembling the building blocks for digital trade
28 Digitalizing Global Trade and Supply Chains with the KTDDE Framework
30 Key Trade Documents and Data Elements
56 New version of Global Trade Modernization Index launches to accelerate digital trade
58 MLETR Tracker
62 C4DTI Conference and Awards – Shortlist and winners
64 Paper, but better
66 Digitising Trade
68 Electronic Trade Documents Act (ETDA) 2023: a move to digitalise trade documentation under English law
73 Section two: Digital identities for trade
74 LEI report: Scaling the use of digital identities in trade
108 Global Standards and Interoperability: Key Assets for the Successful Digitalization of Global Trade
112 “Wake-up call”: LEIs could cut trade costs by US$100bn, industry argues
119 Section three: Unlocking trade finance
120 Trade Digitisation Taskforce
122 UK exports and growth: Trade digitisation taskforce aiming to break the cycle of inefficiency
124 Harnessing the Electronic Trade Documents Act to digitise Documentary Trade
126 Digital Negotiable Instruments: reimagining global trade finance
130 Trade Finance and Generative AI
132 Digital negotiable instruments: Ideally suited to combating late payment
134 Digital trade finance: a solution in search of a problem?
140 Overcoming Electronic Intimidation: The catalyst to Trade’s digital future
144 Can Trade Prosper without Digitisation?
146 Regenerating trade finance
148 Using blockchain to tackle transparency and trust in trade finance
151 Sections four: Scaling the benefits of trade digitalisation
152 Seizing the moment: Unleashing the potential of trade digitalisation
156 Insights from Corporate Digitalisation Taskforce
158 Steering Digital Trade: The Future of Trade Digitalization in the Commodities Industry
160 Unlocking the Digital Potential: Tata Steel’s Journey Towards Trade Digitalisation
164 It’s time to unlock the promise of electronic bills of lading for all
168 Unleashing your supply chain’s resilience through digital transformation
170 Exploring the Impact of Paperless Trade and Digitalization on Global Commerce in Asia
174 Embracing Electronic Trade Documents is not a moon shoot, it’s actually as clear as day
176 Digitalising trade to unlock the UK’s economic growth potential
178 Digitizing and Streamlining the Supply Chain through Innovation – The Challenges along the way
182 Unleashing Data’s Potential: A Pathway to Environmental Leadership
185 Section five: Sustainability in the age of digitalisation
188 Digital Trade Driving Sustainability
190 A Better Tomorrow™ for Sustainable Global Value Chains
192 Sustainability matters for business
194 How to Start on your Supply Chain Sustainability Journey
197 Section six: News round up
198 News from around the ICC network
