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In April 2024, Guatemala introduced a Maritime Single Window (VUMAR) at Santo Tomás de Castilla and Puerto Quetzal to modernise its port clearance procedures. Early results indicate significant time and cost savings in the year since it was implemented.
Digital technologies are changing the way we live, work, and trade. As WTO Director-General Ngozi Okonjo-Iweala often says, the future of trade is digital, and it must be inclusive.
Trade banks today are faced with a whirlwind of new changes and challenges. From tariffs and trade wars to digitalisation and data migrations, it can be a difficult space to operate in.
FIS, a financial technology company, has announced the launch of Treasury GPT, an AI-powered product support tool designed to enhance corporate treasury operations.
CargoX, a blockchain platform, has successfully facilitated the first fully digital FIATA Multimodal Bill of Lading (eFBL) pilot under the draft United Nations Convention on negotiable cargo documents.
The adoption of electronic Bills of Lading (eBLs) in container shipping has taken a step forward with the launch of an interoperable eBL solution developed through a collaboration between the Global Shipping Business Network (GSBN), ICE Digital Trade, and IQAX.