Author Archive

Economic Relations, News

August 4, 2023

The International Trade Council notes the recent update by A.P. Moller-Maersk A/S on their projections for global container trade. Maersk, as an influential figure in the world shipping sector, has revised its estimates, indicating a possible contraction of global container trade by up to four percent this year. This marks a shift from their previous […]

China, Economic Relations, News

August 2, 2023

Trade experts have indicated that China is well-positioned to fulfill the standards set by the Comprehensive Progressive Trans-Pacific Partnership (CPTPP). This assessment brings into focus the political considerations that member nations must address regarding Beijing’s potential inclusion in the pact. Britain’s recent accession to the CPTPP has initiated a period of evaluation for other aspiring […]

Economic Relations, Europe, News

August 1, 2023

The International Trade Council acknowledges the recent decision by the Court of Justice of the European Union (CJEU) dated 13 July 2023 on the European Union Foreign Direct Investment Screening Regulation, in place since October 2020.   In the landmark case, Xella Magyarország, the CJEU has clarified that EU-based acquisitions, irrespective of the eventual ownership […]

International Trade, News

July 31, 2023

The International Trade Council (www.tradecouncil.org) is pleased to announce that, as of now, 34 foreign government trade and investment agency partners have confirmed their participation in the 2023 Go Global Awards. The event will be held in Providence, Rhode Island, on the 6-8th November 2023, in partnership with the Rhode Island Commerce Corporation. The participating agencies […]

The International Trade Council warmly welcomes the announcement by the EU and the Philippines about their commitment to delve into the potential relaunch of negotiations for a holistic, contemporary, and balanced Free Trade Agreement (FTA), underpinned by sustainability. Both entities will soon initiate a bilateral ‘scoping process’ to gauge the mutual understanding they share concerning […]

Fraud Alerts, News

July 30, 2023

The International Trade Council wishes to alert the public to fraudulent “membership” certificates being distributed by a company known as Speedway Invest (https://speedwayinvest.net/). It must be clearly understood that the International Trade Council neither promotes nor endorses cryptocurrency investments, and specifically excludes members from the cryptocurrency sector. Any association between the International Trade Council and […]

India’s Trade Minister, Piyush Goyal, announced on Thursday that the country has requested Japan and South Korea to reconsider their existing free-trade agreements (FTAs) with India to ensure a more “balanced and equitable” trade relationship. The move comes in response to the widening trade gap between India and the two Asian nations. During an event […]

Egypt, News, Trade Relations

July 27, 2023

The International Trade Council is pleased to announce the recent meeting between Egypt’s Minister of Trade and Industry, Ahmed Samir, and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirovic. The meeting focused on the development of commercial, industrial, and investment cooperation relations between the two nations and discussed the current global economic situation. Negotiations […]

Cambodia, News, Trade Relations

July 26, 2023

The International Trade Council is pleased to announce that Cambodia has recently ratified a new Rules of Origin (ROO) law on July 5, 2023, in alignment with World Trade Organization (WTO) benchmarks. Key Highlights of the New Law: Uniform Criteria for Product Source Identification: This legislation furnishes businesses with a comprehensive and uniform criterion for […]

Digital Trade, News

July 26, 2023

Toronto, Canada, 25 July 2023 – Surecomp® today announced a strategic partnership with ICE Digital Trade, formerly known as essDOCS, to drive expanded digital trade finance capabilities for corporates, banks and other financial institutions. The technical integration between the two companies allows customers using Surecomp’s collaborative trade finance hub RIVOâ„¢ to seamlessly access, consume and […]

The International Trade Council heralds the successful signing of a free trade agreement between Vietnam and Israel, culminating in seven years of detailed negotiations. Signed by the respective trade ministers, the agreement was marked with great optimism this Tuesday.   Predicted to rapidly increase annual bilateral trade by close to 50%, the deal is poised […]

Highlights: Specialist tracking solutions provider Owaka has had a record-breaking year, with ever more organisers of sporting competitions and automotive rallies choosing reliable SPOT Gen4 GPS messengers and Globalstar satellites for participant tracking, communications and emergency support Owaka’s highly functional video and data platform helps race officials, as well as friends, family and sponsors, keep track of athletes’ progress […]

In a move aimed at bolstering foreign direct investments (FDI), the Philippines officially launched its “green lanes” for significant strategic investments. The initiative, intended to attract capital inflow into the country, will streamline the process for obtaining necessary documents to establish businesses within the nation, according to the Department of Trade and Industry (DTI).   […]

The International Trade Council hereby acknowledges the recent adoption by Luxembourg’s Chamber of Deputies of bill of law n°7885 on 13 June 2023. This bill puts into practice Regulation (EU) 2019/452, introducing a framework for screening foreign direct investments (FDI) into the EU. The law will be operative from 1 September 2023, joining Luxembourg with […]

The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]