Author Archive

News, Southeast Asia, Trade Agreements

September 4, 2023

The International Trade Council warmly acknowledges the impending strategic partnership between Canada and the Association of Southeast Asian Nations (ASEAN). This significant move is set to be formalized during Prime Minister Justin Trudeau’s upcoming visit to Indonesia, where he will meet with Indonesian President Joko Widodo among other dignitaries. The forthcoming partnership underscores Canada’s increasingly […]

News, Trade Agreements, Ukrain

August 31, 2023

Budapest, August 30, 2023 – Viktor Orban, the Prime Minister of Hungary, has expressed his opposition to the potential integration of Ukraine into the North Atlantic Treaty Organization (NATO). The statement was made today, according to reports published by Prensa Latina. Prime Minister Orban also emphasized the importance of pursuing dialogue with Russia in addressing the […]

International Trade, News

August 30, 2023

SINGAPORE, August 30, 2023 – The International Trade Council (ITC) proudly announces its participation in the prestigious GTR Asia 2023 event, set to be held in Singapore on September 5-6. As Asia’s leading event for the trade, treasury, commodities, and fintech sectors, this is a golden opportunity for companies worldwide to delve deep into the dynamics […]

– In a move to foster international trade relationships and meet global demand, India has announced the allocation of export quotas for non-basmati white rice to Bhutan, Mauritius, and Singapore. The decision was officially communicated by the Indian government in a statement.   Under this allocation, India will permit the export of 79,000 metric tons […]

Global Economic Trends, News

August 28, 2023

In the face of unexpected global events, economies across the world need to foster resilience both individually and collectively. It’s essential to prioritize collaboration, as heightened protectionism could potentially lead to economic fragmentation or divisions among nations, particularly at times when the world’s economic vulnerability is evident.   Analyses indicate that if international trade restrictions […]

The International Trade Council is pleased to share recent data underscoring Vietnam’s position as an increasingly attractive destination for foreign investment. As reported by Vietnam’s Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an […]

The International Trade Council is thrilled to spotlight Mexico’s automotive sector, which has registered a record-breaking foreign direct investment (FDI) of US$5,024 million in the first half of 2023. This milestone is not just an all-time high for a six-month span but also surpasses the previous annual record of $4,281 million achieved in 2019. Mexico’s […]

Foreign Investments, News, Turkey

August 24, 2023

The International Trade Council acknowledges the recent announcement that Türkiye received foreign direct investments (FDI) totaling $4.8 billion (TL 125.9 billion) in the first half of 2023, as reported by Engin Aksoy, Chairperson of Türkiye’s International Investors Association (YASED). Of this FDI inflow, $2.5 billion was attributed to mergers, acquisitions, or direct capital inflows, as […]

India, News, Trade and Investments

August 24, 2023

The International Trade Council takes note of Prime Minister Narendra Modi’s address at the G20 Trade and Investment ministerial meeting, where he underscored India’s transition from “red tape” to a more favorable investment climate, emphasizing a shift towards liberalized Foreign Direct Investment (FDI) flows over the past nine years. During the virtual address to the […]

The International Trade Council is pleased to highlight the significant strides in Foreign Direct Investment in Tourism (FDIT) in Mexico, which reached an impressive milestone of US$1.4 billion during the first half of 2023. This noteworthy achievement constitutes approximately 4.9% of the total National Foreign Direct Investment, as revealed by the Ministry of Tourism.   […]

The International Trade Council is observing a notable trend in foreign investment within the U.S. manufacturing sector, raising questions about potential impacts stemming from economic policies, including those of the Biden administration. Recent data highlights an increase in construction spending for manufacturing facilities in the United States, with real manufacturing construction witnessing a doubling since […]

The International Trade Council welcomes China’s resolute drive to fortify its foreign investment landscape and foster increased global investment inflow. In a landmark directive issued by the State Council on Sunday, China underscores its dedication to enhancing the climate for foreign investment, amplifying its appeal as a prime investment destination. The comprehensive set of 24 […]