LCTA
«Russia utilizes the Middle East to compete with the West»
Article
Interview with Anna Borschchevskaya, Senior Fellow, The Washington Institute for Near East Policy, USA, by di Dimitri Loringett
The Middle East’s strategic location between Europe, Asia and Africa makes it an important…
EU adopts 14th package of sanctions against Russia
Article
On June 24, 2024, the European Union (EU) adopted a further package of sanctions against Russia, targeting the Country’s gas sector for the first time and imposing an array of new measures.
The so-called 14th package…
Radio and TV license fee: Federal Council rejects SRG SSR initiative
Article
SRG SSR requires sufficient financial resources to be able to provide equivalent journalistic services in all language regions. On this premise, the Federal Council rejects the federal initiative “200 francs is enough! (SRG…
EU: the Critical Raw Materials Act enters into force
Article
The European Union’s Critical Raw Materials Act (CRMA), issued as Regulation (EU) 2024/1252, took effect on May 23, 2024.
The primary goal of the CRMA is to maintain and provide a secure and sustainable supply of Critical…
Switzerland strengthens anti-money laundering framework
Article
The Federal Council adopted the dispatch on strengthening the existing anti-money laundering framework on May 22, 2024, with the goal of reinforcing Switzerland's integrity and competitiveness as a financial and business location…
Ticino: June 9 vote on tax reform
Article
As part of its activities, the Lugano Commodity Trading Association (LCTA) works to strengthen the Canton of Ticino’s framework conditions and attractiveness, both for commodity trading companies and their founders and staff.…
CCTS | Commodity trading: the first graduates
Article
Thirteen professionals are the first in Ticino and Switzerland to hold the title of “Certified Commodity Trading Specialist SAQ,” a professional certification promoted by the Lugano Commodity Trading Association in collaboration…
Human rights and environment: due diligence, transparency and reporting obligations
Article
Due diligence and transparency obligations in the area of minerals and metals from conflict zones and child labour as well as non-financial reporting obligations came into force in Switzerland on January 1, 2024. On March…
Switzerland implements 12th EU sanctions package
Article
On January 31, 2024, the Federal Council enacted additional measures against Russia, effectively adopting the EU’s 12th sanctions package.
The new provisions include, among others, a gradual ban on the purchase and import…
United Kingdom: CBAM on the way
Article
By 2027, the United Kingdom (UK) will have implemented its own carbon border adjustment mechanism (CBAM).
On December 18, 2023, U.K. Chancellor of the Exchequer Jeremy Hunt announced in a press statement that a fee will…
LCTA elects new Executive Board Members and introduces the new Secretary General
Article
At the Ordinary General Meeting held on December 20, 2023, the LCTA Executive Board proposed Simone Knobloch, COO of Valcambi SA, Alessandro Odoni, Finance Director of Flame SA and Marco Passalia, Partner of Enet Energy SA…
LCTA: change of address
Article
The LCTA Secretariat has moved to new premises. Please update your records and use our new address for all future correspondence:
Lugano Commodity Trading Association (LCTA)
c/oFidinam SASecretariatVia Maggio 16900 LuganoSwitzerland
Ph.…
Sustainability in commodity trading – conference & roundtable
Article
On Friday November 24, 2023, at the Hotel Splendide Royal in Lugano, the Lugano Commodity Trading Association and Alma Impact AG held an event to discuss sustainability as a critical issue to the future of the Commodity Trading Sector. More…
COMMODITY ROUNDTABLE, JUNE 20, 2023
Article
The Commodity roundtable, organized by the Lugano Commodity Trading Association, took place on June 20, 2023. The event aimed to bring together professionals and experts in the commodity trading industry to discuss key trends,…
GLOBAL COMMODITIES CONFERENCE 2022
Article
On 23-24 June 2022, after the forced hiatus due to the pandemic, the Global Commodities Conference 2022 took place at the LAC in Lugano (Lugano Arte e Cultura). This is an international event organised by the Lugano Commodity…
Commodity Roundtable Event
Article
“Commodity Rountable” organized by LCTA took place on September 29, 2021, in Lugano.
President Matteo Somaini and Secretary General Marco Passalia gave a warm and enthusiastic welcome to all participants.
Great networking opportunity…
Visit from the Chinese Ambassador in Switzerland to Lugano
Article
On the occasion of the official visit to the City of Lugano of H.E. Wang Shihting, Ambassador of the People's Republic of China in Switzerland, the President of the Lugano Commodity Trading Association (LCTA) Matteo Somaini had the…
LCTA remembers Mayor Marco Borradori with deep gratitude
Article
Marco Borradori's sudden departure leaves us speechless. A Mayor always available, open and interested.The LCTA would like to thank Mayor Marco Borradori for his important work in these years for Lugano and the business community.His…
“Ever given or never get?”
Article
Article by Georges Hardegger, Account Executive Marine, International Trade, Logistics and Fine Art, IBC Insurance Broking and Consulting Lugano and Zürich
“Ever Given” or better “Never Get” indemnities for the delay…
Risks and financial crime: How resilient is your company?
Article
A crisis is a moment of truth that tests a company’s readiness, resilience and response. Organisations can emerge stronger after their most testing moments. Are you prepared? Watch this video to get a flavour of what’s going on.
Article…
Out with the old, in with the new! The end of the Line for LIBOR and the start for SONIA
Article
Article by Roy Grist and Yasser Muflahi, Squire Patton Boggs
It’s the end of the line for the London Interbank Offered Rate (LIBOR), the interest rate benchmark for many financial products since…
Tonnage tax, a golden opportunity for the Swiss shipping industry
Article
Article by Alberto Genovesi, Chairman and Marco Moschen, Vice Director, Fidinam & Partners SA
Photo by Cameron Venti
On February 24th, 2021 the Swiss federal government launched a consultation procedure in order to evaluate the draft…
CAS Commodity Professional and LCTA Scholarship
Article
Photo by Riccardo Annandale
Since 2018 the Lugano Commodity Trading Association (LCTA) offers every year a scholarship opportunity for the CAS Commodity Professional (next edition: 6 May 2021).
Study content
Commodity trading…
Matteo Somaini, President at Lugano Commodity Trading Association, Interview by Corriere del Ticino
Article
Published on March 9, 2021 - translated in English by LCTA
Ticino is experiencing good growth in the commodities trading sector. What are the characteristics that enable this trend?
Many characteristic…
Greetings from the Mayor of Lugano
Article
Article by Marco Borradori, Mayor of Lugano
Dear Members of the Lugano Commodity Trading Association (LCTA),
2021 marks the tenth anniversary of your Association. LCTA has evolved considerably over the years attracting more and more…
EITI puts traders under spotlight on government deals
Article
Article by Dr. Pietro Poretti
On 28 September 2020 the Extractive Industries Transparency Initiative (EITI) released new reporting Guidelines for companies buying oil, gas and minerals from governments.
Payments by companies purchasing…
COVID-19: latest federal and cantonal measures
Article
In order to tackle the COVID-19 emergency, the Canton of Ticino has activated an information hotline for companies: 0840 117 112 / attivita-commerciali@ti.ch
16 April 2021
Coronavirus: Next phase of…
Change of Presidency at LCTA
Article, Interviews
The Lugano Commodity Trading Association (LCTA) is a non-profit organization that brings together companies active in commodity trading, shipping, insurance and commodity trade finance. This year the LCTA celebrates its 10th anniversary…
The EU Conflict Minerals Regulation – Due diligence requirements for EU importers
Article
Article by Carlo Mazzoleni, Associate Lawyer, Studio Mazzoleni
Photo by Guillaume Périguois
On 1 January 2021 the EU Regulation 2017/821 of 17 May 2017 (the “Regulation”)[1] will come into force, establishing new mandatory supply…
RBI opinion: “An Initiative That Stifles The Initiatives”
Article
by Luca Albertoni, Direttore Cc-Ti
The initiative that we will vote on November 29 is presented as "for responsible multinationals", but it is actually called "for responsible business".A difference that should not be underestimated…
STSA Video on the Responsible Business Initiative
Article
The popular vote on the Responsible Business Initiative will take place on November 29, 2020.
Here below you will find the video by STSA, in cooperation with LCTA and ZCA. The video is now available on public transport around…
STSA Responsible Business Initiative (RBI)
Article
The popular vote on the Responsible Business Initiative will take place on November 29, 2020 and the campaign will start this summer. On that date, the Swiss people will be able to vote for or against the initiative.If…
AXA expands its team in Ticino
Article
Contribution by AXA.
For AXA this year 2020 represents a new challenge. Since June 2019 we have enlarged our team by hiring Simona Busetti who is responsible for broker management in the Italian market. Since the beginning of the…
10th Anniversary Of Lcta
Article
This year the Lugano Commodity Trading Association (LCTA) celebrates its 10th anniversary. LCTA is a non-profit organization that brings together operators active in the commodity trading, shipping, insurance and financing…
STSA update on the Responsible Business Initiative
Article
The Responsible Business Initiative: Headstart for the KKS Counter-Proposal in the Conciliation Committee
Following back and forth consultations between the two Chambers (Council of States and the National Council), and with…
COVID-19 loan / COVID-19 plus loan: Discrimination for commodity trading companies
Article
On March 25, the Federal Council adopted an emergency ordinance on granting of credits with joint and several federal guarantees. Bridging credit facilities representing a maximum of 10% of their annual turnover and no more than CHF 20…
Update on the annual radio-television fee by Serafe
Article
Fabio Regazzi, Member of the National Council, is working to find a solution for companies as regards the annual radio-television fee. He submitted in 2019 the parliamentary initiative "Excluding SMEs from the media fee". The initiative…
Pandemic planning: Surviving through business as unusual
Article
Contribution by EY.
Spreading contagion – coronavirus effects on the working world
The rapidly evolving threat around the COVID-19 virus has raised concerns among the business and investor community across the world. The global…
Commodity Trading: the Internet of Things, new opportunities and new risks.
Article
Contribution by
Paolo LezziCEO and Founder, InTheCyber Grouppaolo.lezzi@inthecyber.com http://www.inthecyber.com
Over the last few years, there has been a significant increase in the level of connectivity that was hard to be expected.
Adopting…
Coronavirus outbreak and the impact on global economy: USD26bn weekly in trade spillovers
Article
Contribution by Euler Hermes.
The hit to China’s GDP y/y growth caused by 2019-nCoV (Coronavirus) could amount to c. 1pp, mostly over Q1 2020. A recovery should thereafter be possible, based on pent-up production and policy support.
A…
EU mandatory: Disclosure rules – dac6
Article
Contribution by KPMG.
On 25 June 2018, the EU Directive 2018/822 (DAC6), which introduced mandatory disclosure rules, entered into force. These rules target all kinds of cross-border arrangements that fall under a hallmark of…
Scholarship offered by the LCTA 2020
Article
The Lugano Commodity Trading Association (LCTA) is pleased to offer a scholarship opportunity for the next CAS Commodity Professional (start: May 7, 2020).
IMPORTANT INFORMATION
Due to the COVID-19 emergency, the CAS…
Global Commodities Conference 2019
Article
The Global Commodities Conference, organised by Lugano Commodity Trading Association (LCTA), was successfully held in LAC Lugano on November 13 - 14, 2019. More than 300 people attended the two-day conference that brought together numerous…
Diplomas Ceremony CAS Commodity Professional 2019
Article
On November 16 2019 at the Palazzo dei Congressi in Lugano was held the diplomas ceremony of the fifth edition of the CAS Commodity Professional, a training organized by the Lugano Commodity Trading Association (LCTA), in collaboration…
Implementation Of The Swiss Tax Reform In Ticino
Article
Contribution by Ernst & Young.
Following the adoption of the Federal Act on Tax Reform and AHV (Old-Age and Survivors Insurance) Financing (TRAF) by popular vote in May 2019, all Swiss cantons are required to align their…
Success for the Commodity Traders’ Dinner 2019
Article
On June 13, 2019, members and friends of the Lugano Commodity Trading Association (LCTA) attended in large numbers the annual “Commodity Traders’ Dinner”, one of the most important event that the LCTA organises every…
Switzerland Approves Tax Reform
Article
Contribution by Ernst & Young.
On 19 May 2019, in a popular vote, Switzerland approved the Federal Act on Tax Reform and AHV (Old-Age and Survivors Insurance) Financing (TRAF) as adopted by the Federal Parliament last fall.…
Metal sector: Cyclical momentum vs Structural challenges
Article
Contribution by Euler Hermes.
What to Watch?
Global trade momentum and political interventionIndications of demand strength, particularly in China, but also in construction and automotiveManagement of overcapacities
As…
Swiss tax reform – the public vote is approaching
Article
Contribution by KPMG.
Federal vote
On 19 May 2019, the Swiss public will vote on the Federal Act on Tax Reform and AVS Financing (TRAF). The tax reform, which Parliament has linked to a social compensation measure concerning…
Cerimonia dei diplomi CAS Commodity Professional 2018
Article
Sono 16 i laureati della quarta edizione del CAS Commodity Professional, una formazione organizzata dalla Lugano Commodity Trading Association (LCTA), in collaborazione con la Zug Commodity Association (ZCA) e la Hochschule di Lucerna.…
Commercio di materie prime, commercio internazionale e Kazakistan protagonisti a Lugano
Article
Le problematiche attuali nel commercio internazionale, il Kazakistan come potenza per le commodities e centro finanziario euroasiatico. Questi gli argomenti principali trattati durante la serata di apertura della Commodity Trade Finance…
Commodity Traders’ Dinner 2018
Article
Commodity traders' dinner on Lugano lake
On June 14, 2018, members and friends of the Lugano Commodity Trading Association (LCTA) attended in large numbers the annual “Commodity Traders’ Dinner”, one of the most important event…
Scholarship offered by the LCTA
Article
CAS Commodity Professional education opportunity in commodity trading
Study content
Commodity trading and related services have grown significant in the Swiss economy, and they are expanding even further. These companies…
Diploma Ceremony CAS Commodity Professional 2017
Article
16 students have graduated on the third edition of the CAS Commodity Professional, a training organized by the Lugano Commodity Trading Association (LCTA) and the Zug Commodity Association (ZCA) in cooperation with the Hochschule Luzern.…
Tra blockchain e cyber security: il commodity trading protagonista a Lugano
Article
Blokchain e sicurezza cibernetica sono stati gli argomenti principali della serata di apertura del Commodity Trade Finance Conference organizzata con successo dalla Lugano Commodity Trading Association (LCTA) in collaborazione con il gruppo…
America’s new place in the world | Interview with David Hamod
Article
On Tuesday, June 13, the LCTA hosted David Hamod, President & CEO of the National U.S. – Arab Chamber of Commerce (www.nusacc.org), who shared some of his personal perspectives on U.S. foreign policy today.
The Chamber (NUSACC)…
Ticino at Expo Astana 2017
Article
A good occasion of visibility for companies active in the energy efficiency sector
From June 10th to September 10th 2017, Astana (the capital of Kazakhstan) is hosting the international exhibition EXPO 2017, under the slogan…
Commodity Traders’ Dinner at the American School
Article
More than 100 participants attended the event "Commodity Traders' Dinner" organised by LCTA at the American School (TASIS) and sponsored by BancaStato. Special guest of the evening was David Hamod. Mr. Hamod is President and CEO of the…
Incontri e scambi proficui in Iran per la LCTA
Article
Dal 29 aprile al 3 maggio 2017 una numerosa delegazione ticinese (25 persone) ha partecipato alla prima missione in Iran organizzata dalla Camera di commercio, dell’industria, dell’artigianato e dei servizi del Cantone Ticino (Cc-Ti)…
Memorandum on Cooperation between the LCTA and the Astana International Financial Centre Authority (AIFC – Kazakhstan)
Article
The Astana International Financial Centre Authority (AIFC - Kazakhstan) and the Lugano Commodity Trading Association (LCTA - Switzerland) signed a Memorandum with an intent to build a cooperation aimed at fostering the flourishing relationship…
Actual and future trends in the european natural gas market
Article
The LCTA actively continues the work on the Russian market and for the fourth time organized a round table in Moscow, with the precious support of the Embassy of Switzerland.
The event "ACTUAL AND FUTURE TRENDS IN THE EUROPEAN NATURAL GAS…
Al via la terza edizione del CAS Commodity Professional
Article
Un CAS dedicato a chi desidera intraprendere una carriera nel commodity trading
Il commodity trading, il commercio di materie prime, rappresenta un settore fondamentale per l’economia svizzera e quella ticinese. Le aziende sono sempre…
Place Of Honour In Lugano For The Commodity Trading
Article
More than 200 participants took part in the event, which has become the annual recall appointment for the commodity trading in Lugano. The third edition of the Commodity Trade Finance Conference, organized by the Lugano Commodity Trading Association…
Mosca: Sfide e difficoltà del mercato del commodity trading
Article
La Lugano Commodity Trading Association (LCTA) continua attivamente il suo lavoro di promozione della piazza luganese all’estero e dal 2 al 4 ottobre è stata in visita a Mosca con la missione organizzata dalla Camera di commercio, dell’industria…
Come fare business in Svizzera? La LCTA a Kiev per una tavola rotonda
Article
Grande successo per la tavola rotonda organizzata a Kiev dalla Lugano Commodity Trading Association (LCTA) in collaborazione con la città di Lugano e l’ambasciata svizzera. Un folto pubblico composto da professionisti delle commodities…
Alla scoperta del Kazakistan, l’aquila tra orso e dragone
Article
Dal 15 al 20 maggio 2016 si è tenuta ad Almaty e Astana, in Kazakistan, la missione congiunta della Camera di commercio e dell’industria del Canton Ticino (Cc-Ti), della Città di Lugano, della Lugano Commodity Trading Association, di…
La LCTA a Mosca in occasione di due importanti conferenze
Article
Marco Passalia, General Secretary eChiara Crivelli, Advisor Russia & CIS durante la conferenza “Russia & CIS Trade & Export Finance Conference” a Mosca
Dal 13 al 15 aprile la Lugano Commodity Trading Association (LCTA),…
Cerimonia dei diplomi Cas Commodity Professional 2015
Article
Sono 17 i laureati della seconda edizione del CAS Commodity Professional, una formazione organizzata dalla Lugano Commodity Trading Association (LCTA), in collaborazione con la Zug Commodity Association (ZCA) e la Hochschule di Lucerna.…
La Lugano Commodity Trading Association a Mosca
Article
Round Table on Commodity Trade Finance a Mosca il 21.05.2015
La stretta collaborazione tra la Camera di commercio, dell’industria, dell’artigianato e dei servizi del Cantone Ticino (Cc-Ti) e la Lugano Commodity Trading Association…
Cerimonia dei diplomi CAS Commodity Professional 2014
Article
Si è tenuta nell’accogliente cornice della sala del Consiglio comunale di Lugano la cerimonia per i 25 laureati della prima edizione del CAS Commodity Professional, una formazione organizzata dalla Lugano Commodity Trading Association…