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The former pariah state hopes to boost its economy by giving foreign banks scope to lend to exporters. Bankers say the development would aid MNCs in the country, but need clarity from the government.
As Donald Trump looks to pull out of the Trans-Pacific Partnership, the remaining nations have three options available to them to salvage the situation. Either way, access to trade finance will continue to suffer.
Fintech start-up Wave successfully completes groundbreaking letter of credit deal between companies in Ireland and the Seychelles using ledger technology blockchain.
The Trans-Pacific Partnership is as unpopular among Democrats and Republicans as Wall Street, meaning it may not materialise.