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Singapore and India kick off an era of interoperable electronic Bills of Lading for Trade Finance

25 August 2023

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TradeTrust enables interoperable electronic Bills of Lading (eBLs)1 backed Letter of Credit transactions between Singapore and Indian banks and companies, paving the way to digital cross-border trade.

Singapore and Indian banks and companies successfully kicked-off the first live transaction using the TradeTrust Framework, for a shipment between Singapore and Indian businesses. This was announced by Minister for Trade and Industry Gan Kim Yong at the G20 Trade and Investment Ministerial Meeting in Jaipur, India.

Please click here for the full press release.

MINISTRY OF TRADE AND INDUSTRY
25 AUGUST 2023

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