Trends Transforming Trade

We hope that you are keeping in good health and spirits in these challenging times. We are delighted to announce that ExCred New York, the No. 1 summit for insuring trade and investment in the Americas is taking place on 5th - 6th of October at Convene 605, New York. Join us in New York or virtually from anywhere in the world this October, as we explore the profound impacts that the global pandemic has had on the wider economy and international trade and the opportunities and challenges that have arisen.

GTPA is delighted to announce a collaboration with ManchesterCF a global financial intelligence training service. ManchesterCF training solutions are designed to train financial services and banks in core areas that can help them to combat money laundering, terrorist financing, proliferation financing, corruption & financial fraud.

The two organisations will collaborate with the purpose of strengthening the relations between the two organisations regarding the ISO/IEC 17024 certification of trade and compliance professionals with a focus on and the linkages to the ManchesterCF expertise as a leading educational provider in this field.

The world of trade looks set to be another of the many casualties of the coronavirus pandemic, as international banks reassess the risks faced by exporters, warehouses fill up with delayed shipments of goods that retailers are no longer able to sell, and access to dollar liquidity dwindles. Lisa McAuley, CEO of GTPA will be joining an esteemed panel to discuss.

Following the unprecedented ramifications of the coronavirus pandemic and subsequent uncertainty over both the safety and viability of holding physical events, Global Trade Review is delighted to announce that GTR Asia 2020, the world’s largest trade finance gathering, will this year be taking place virtually, on September 8-10.

This exciting new initiative, combining a mixture of live-streamed and pre-recorded content and unrivalled networking via GTR’s dedicated virtual event platform, will offer the chance to hear the latest developments from experts on the many challenges faced across the industry, as well as the chance to connect with speakers, sponsors and attendees alike across the 3 days.

In 2020, every business – however small – needs to be digitally enabled to some extent. Whether it’s having a virtual shopfront in the form of a website and a fully functioning eCommerce solution, an automated production line, or even just email and a mobile phone, technology is an intrinsic part of the way in which we do business. This week’s “Business Health Check” session is a small business technology primer.

The creative industries contribute around $112 billion to the Australian economy, and employ over 640 000 people. The creative industries generate substantial Australian exports, and globally the sector accounts for 7% of the world’s GDP. COVID-19 and the measure implemented to curb its spread has had a devastating effect on the creative sector, with theatres, art galleries, music venues and museums all closed or attendance number drastically curtailed.

Inclusive trade refers to the principle that all levels of society should gain from increased trade. It promotes the inclusion of groups that may currently be marginalised or challenged in their ability to engage with international trading opportunities.

The GTPA is putting the finishing touches on an Inclusive Trade White Paper that will produce practical recommendations on how capacity building and standard setting can facilitate a more inclusive international trading ecosystem, with particular reference to four groups: gender, youth, diaspora and indigenous communities.

To coincide with the launch of the Inclusive Trade White Paper, the GTPA is excited to announce a “Festival of Inclusive Trade”.

We are pleased to share this first piece in a series exploring resilient supply chains for a post-Covid world, and welcome readers’ insights and perspective as they conduct business across regions and industries. Niels Strazdins is Head of Trade Policy at the Global Trade Professionals Alliance (GTPA). Professor Robert Handfield is Bank of America University Distinguished Professor of Supply Chain Management at North Carolina State University, and Director of the Supply Chain Resource Cooperative. Professor Ian George is the owner of ProPar Consulting Ltd.

How critical is cash? Some would argue Cash is King. That the Cashflow Statement says much more about the health of a business than it gets credit for. Accountants and investment analysts will look at this with a slightly different lens and priority, but most SMEs, anywhere in the world, live or die by cash.

The next session in the GTPA’s “Business Health Check” series is focused on exactly that – “Cash Management and Supply Chain Finance (SCF) during COVID-19”.

Following the unprecedented ramifications of the coronavirus pandemic and subsequent uncertainty over both the safety and viability of holding physical events, Global Trade Review is delighted to announce that GTR Asia 2020, the world's largest trade finance gathering, will this year be taking place virtually, on September 8-10.

Toward a more just and inclusive trading future.

In July the GTPA will be launching a new white paper on Inclusive Trade which will recognise the important role that Inclusive Trade can play in economies around the world so that the gains from trade flow to all members of society equally.

The global COVID-19 pandemic has impacted people, business and societies in new and profound ways. Acknowledging the challenges ahead, the Asia Pacific Foundation of Canada and the Global Trade Professional Association (GTPA) joined forces to help business communities and governments alike navigate the future and improve trade and investment governance that help the world get back on its feet.

As economies slowly emerge from COVID-19 lockdowns, business is taking the first tentative steps towards normal operations. And now, more than ever, there is a need to take stock and revise business plans and strategies to ensure both recovery and future growth.

Deadline for submissions: 31 August 2020

The Jean Monnet Network; Trade & Investment in Services Associates (TIISA) brings together leading academics across Europe, Asia and Australia and key institutions - Sussex University, University of Adelaide, Örebro University, National Tsing Hua University, Utrecht University, University of International Business and Economics, Chinese University of Hong Kong, World Trade Institute in research on domestic regulation and global governance of services trade and investment flows.

As Australia celebrates National Reconciliation Week, the Global Trade Professionals Alliance (GTPA) recognises the contribution Indigenous Australians have made to Australia’s culture, identity and achievements.

Reconciliation is about a mutual strengthening of relationships between Indigenous and non-Indigenous Australians to create a more just, equitable and reconciled Australia. Trade and commerce play an integral role in this.

The impact of servicification on global supply chains in the ASEAN region: dynamics, restrictions, and policy implications

International trade in services, especially via exports from emerging markets, is increasingly being channelled through the embedding of services in the export of goods. These goods include intermediate products, which are elements of Global Value Chains (GVCs).

Collins Rex is the Asia/ Africa Director for the GTPA who has owned and operated her own very successful businesses on two continents. In her professional capacity she assists clients across a range of international marketing, product development and communications areas, helping them get maximum return on their marketing investment. Collins is passionate about seeing small business do better business, and do it on the global stage!

Join us for the next session in our Business Health Check series.

Join our resident marketing expert, Collins Rex, for a lively discussion of the basic elements of digital marketing.

If you’re mystified by terms like SEM, SEO, PPC and remarketing, this session will lift the veil and put you in a better position to make informed decisions regarding your digital marketing strategy.

The Global Trade Professionals Alliance (GTPA) and International Trade of the University of Adelaide (IIT) commends and shares the course of action delineated in the Statement on COVID-19 by APEC Ministers Responsible for Trade issued in Kuala Lumpur, Malaysia, on 05 May 2020.

These online webinars will allow you to meet other business operators ‘virtually’ for expert-moderated interactive online panel discussions. Here you can raise questions on issues you might be facing and as a global community we will mobilise our collective experience and expertise to listen and try to provide practical assistance.

The COVID-19 crisis has radically changed the way we interact, both for business and personally. With travel off the cards for the foreseeable future, we’re all having to make peace with finding virtual ways to run our businesses, interact with our clients and colleagues, and even keep in touch with those we hold dear. Unfortunately, many of us are not using the virtual mechanisms at our disposal effectively or efficiently.

Russell Wiese heads Hunt & Hunt Lawyers' Customs and Global Trade Team. For the past 15 years he has specialised in commercial and regulatory issues associated with international supply chains. His clients are importers, exporters, freight forwarders and customs brokers. In particular, Russell assists clients with commercial agreements, dispute resolution, customs compliance and transport contracts. He is the current chair of the Australian Law Counsel Customs and International Transactions Committee.

Collins Rex is the Asia/ Africa Director for the GTPA who has owned and operated her own very successful businesses on two continents. In her professional capacity she assists clients across a range of international marketing, product development and communications areas, helping them get maximum return on their marketing investment. Collins is passionate about seeing small business do better business, and do it on the global stage!

The GTPA is pleased to be part of the ICC work on the Saves our SMEs initiative. As part of the SMEs committee we provided input into the recently released recommendations.

ICC has issued 10 recommendations for how governments can use trade to help micro-, small- and medium-sized businesses (MSMEs) weather the COVID-19 storm.

Underscoring the vital role can trade play in helping small business stay afloat and driving a rapid economic recovery, the 10 ways for governments to use trade to Save our SMEs statement calls on governments to take urgent action to Save Our SMEs.

Opinion of:

Lisa McAuley, CEO of GTPA

Dr Tomás Quesada, VP for Research and Policy of GTPA

The benefits of integrated economies have been visible in the handling of the pandemic itself

The world’s economy is facing its hardest prospect since the Great Depression. The International Monetary Fund projects a sharp contraction of the global economy of -3 percent for 2020. Global trade has been particularly affected due to supply chains disruptions, a fall in domestic consumption and investment, a reduction in the number of working hours, and the imposition of non-tariff barriers by governments. Protectionist measures already evident before the virus outbreak have now exacerbated. According to the World Trade Organisation (WTO), global trade is expected to fall by between 13% and 32% in 2020, and it is likely to fall harder in sectors with complex value chains.

As the impacts of COVID-19 continue to be felt throughout our industry and the world, our priority as always is the health and well-being of our trainees, staff and clients as well as our industry and the broader community we serve. We remain committed to supporting you during this difficult period and helping you transition back to more normal operations when the time is right.

Tuesday, May 5 | 10:00 am EDT

You’re invited to join us for the next event in our virtual conversation series: Supply Chain Revolution on Tuesday, May 5 at 10 am EDT.

No one business, and certainly no MSME, needs to navigate these rather stormy waters alone

As these lines are being written, micro, small and medium enterprises (MSMEs) around the world are closing their operations. No one business, and certainly no MSME, needs to navigate these rather stormy waters alone.While the global business landscape is changing quite rapidly, we are confident that the global business environment will eventually stabilise. In the meantime, businesses’ capacity to survive will depend on their ability to innovate the ways in which they communicate, manage their business, and engage customers.

The GTPA is pleased to announced an alliance with Raised Hand, a new initiative created by a previous work friend of the GTPA team.

GTPA is pleased to announce a slight change to our Business Health Check session for the 6th May. We will now be joined by Russell Wiese who heads Hunt & Hunt Lawyers' Customs and Global Trade.