Author - The Future of Foreign Trade Support: Setting Global Standards for Export Credit and Political Risk Insurance – A Global Policy E-Book edited by Andreas Klasen and Fiona Bannert

The Future of Foreign Trade Support

Creating growth through trade is an important part of the policy approach of many economies. For decades, many member countries of the Organisation for Economic Co-operation and Development (OECD) have cooperated in a fair competition for the benefit of their national exporters. The countries’ official export credit agencies (ECAs) have established and jointly improved rules and regulations for export credit and political risk insurance. However, new players such as China, Russia or other fast developing countries have now joined the list of top exporting nations. As these countries have established their own ECAs, there is a need to introduce rules and regulations on global standards for financial terms as well as truly international norms ensuring ‘ethical’ trading behaviour. But how will government support for foreign trade look like in the future? Will global standards for export credit and political risk insurance become reality by 2020? And how will strict rules and regulations for officially supported export credits and FDI regarding ethics, human rights and the environment impact growth through trade in general, or exporters in particular?

These are questions addressed by contributors to Global Policy’s third eBook entitled ‘The Future of Foreign Trade Support – Setting Global Standards for Export Credit and Political Risk Insurance’, guest edited by Andreas Klasen (Professor of International Business at Offenburg University and Honorary Fellow in the Global Policy Institute at Durham University) as well as Fiona Bannert (Senior Consultant at PwC’s Economics & Policy Practice).

Written by world renowned academics and practitioners, contributions will initially be serialised on the Comment and Opinion page of the Global Policy website, and subsequently released as a GP eBook in the first half of 2015.

Readers are encouraged to leave comments below each piece and join the debate.


Posts Archive:

Improving Project Outcomes through Sustainability Standards

Building International Rules for Financing Export Credits

Export Credit Agencies in the Short-term Credit Insurance Space


Preserving the Financial Infrastructure for Trade



Standardising Export Credit in the Post Crisis Environment

Trade Growth needs Greater Global Harmonization, also among Banks

Securing Commercial Transactions based on International ICC Standards


Future Harmonization in Global Export Credit and Investment Insurance

Supporting Export Diversification in the Gulf Cooperation Council

A Global Regime for Export Credits in the New World (Dis)Order – Challenges of M

What do Maslow’s ‘hierarchy of needs’, Corporate Social Responsibility and Expor

Foreign Trade and the Aircraft Manufacturing Industry

Harmonized Sustainability Requirements in Global Trade and Export Finance: A Win

Global Standards on Government-backed Trade Finance: Challenges for Developing C

International Business and Corporate Social Responsibility - The view from Afric

Increasing Competitiveness Calls for Greater Transparency


German Industry Needs a Level Playing Field in Export Finance

Inclusive export credit standards

Foreign currency denominated loans in today's ECA world

Regulations, subsidies and ECAs - are we sure the more the merrier?

New Challenges for State-backed International Trade Finance



Maintaining the relevance of the OECD Arrangement: A multifaceted agenda

Why the OECD Arrangement Works (even though it is only soft law)

Achieving global rules on social impacts for export credit agencies

Do we need standards for trade (finance) business? Yes, we do!

Being "Trade Ready" in the MENA region

A tale of two rules: The intersection between WTO and OECD disciplines on export

Basel III: Recent Developments on the Prudential Regime affecting Trade and Expo

Level Playing Field for Global ECAs: Glints on the Far Horizon

The Future of Foreign Trade Support – An Introduction