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International trade finance second edition
The global trading system is undergoing a period of transition. Shifting
economic circumstances, major advances in technology and the emergence of
new players on the global scene all underscore that we are on the cusp of big
changes. Persistent imbalances, driven largely by macro-economic factors, con-
tinue to be a cause of concern in some major economies. Even in such a climate
of uncertainty, one thing is certain: that there is a great need to strengthen the
global trading system by making it more equitable and relevant for those who
trade in the twenty-first century with Uniform Customs and Practice.
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