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ITC Acknowledges Australian Prime Minister’s Efforts to Address Trade “Blockages” with China

China, News, Trade Policy

November 15, 2022

The International Trade Council (ITC) commends the Australian Prime Minister, Anthony Albanese, for raising concerns about trade “blockages” with Chinese President Xi Jinping during their recent face-to-face meeting on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia.   The bilateral meeting between the leaders of Australia and China marks an important step […]

US Senate Passes Comprehensive Climate, Tax, and Healthcare Legislation

News, Trade Policy, United States

August 8, 2022

The International Trade Council (ITC) recognizes the recent approval of a $700bn (£577bn) economic package by the US Senate, encompassing major legislation on healthcare, tax, and climate change. This comprehensive bill seeks to decrease the cost of certain medications, elevate corporate taxes, and reduce carbon emissions. The passage of the bill, a cornerstone of President […]

International Trade Council Addresses China’s Trade Restrictions Against Taiwan

China, News, Trade Policy

August 3, 2022

The International Trade Council is concerned about the recent trade restrictions imposed by China on Taiwan. In response to Nancy Pelosi’s visit to Taiwan, Chinese commerce and customs authorities announced on Wednesday that they would halt exports of sand, imports of Taiwanese citrus fruit, and some types of fish.   The Council recognizes China’s status […]

ITC Applauds Biden’s $2.3bn Climate Change Initiative

Economic Development, News

July 21, 2022

The International Trade Council (ITC) commends US President Joe Biden’s commitment to address the climate crisis, as exemplified by the announcement of a $2.3bn (£1.9bn) investment plan to enhance infrastructure resilience against extreme weather and natural disasters.   As an organization deeply invested in fostering international trade that aligns with sustainability, the ITC supports initiatives […]

International Trade Council Applauds EU-New Zealand Free Trade Agreement

Economic Development, Europe, New Zealand, News

July 1, 2022

The International Trade Council is pleased to announce that the Go Global Awards will be held in Tallinn, Estonia in October 2022 in partnership with Enterprise Estonia. The Go Global Awards celebrate companies that drive the global economy forward through their innovative technologies and strategies. Enterprise Estonia, which won last year’s gold award for Best […]

International Trade Council Announces Canada’s Ban on Single-use Plastics as a ‘historic Step’ Towards Reducing Plastic Pollution

Canada, News

June 20, 2022

The International Trade Council (ITC) welcomes the decision of the Canadian government to ban the manufacturing and import of “harmful” single-use plastics. The new regulations, announced on 20 June 2022, will be effective from December 2023 and will prohibit the sale and import of checkout bags, utensils, food-service products with plastic that is difficult to […]

International Trade Council Highlights Key Issues at WTO’s High-Level Meeting

International Trade, News

June 12, 2022

The International Trade Council acknowledges the importance of the ongoing high-level meeting held by the World Trade Organization (WTO) – the first in 4-1/2 years – which brings together over 120 ministers from the organization’s 164 member countries. The meeting is set to address significant issues such as pandemic preparedness, food insecurity, and overfishing.   […]

Taiwan and US Purportedly Working on Trade Deal

Bilateral Trade Relation, News, Taiwan, United States

May 31, 2022

International Trade Council (ITC) announced that the United States and Taiwan are working on a deal to boost economic cooperation, particularly in the areas of trade, agriculture, and supply chains. The move comes after Taiwan was excluded from the US President Joe Biden’s Indo-Pacific Economic Framework (IPEF). According to sources cited by Bloomberg, the proposed […]

International Trade Council explores India-Russia Rupee-Rouble payment scheme

Bilateral Trade Relation, India, News, Russia

May 31, 2022

Mumbai, India – India is actively exploring the use of dedicated payment mechanisms for trade with Russia, including a potential Rupee-Rouble payment scheme, to enable existing trade obligations in the wake of sanctions imposed on the Kremlin. This move could also open up opportunities for Indian exporters to ramp up sales to Russia, according to […]

International Trade Council Commends UK’s First Trade Agreement with Indiana

Bilateral Trade Relation, India, News, United Kingdom

May 27, 2022

London, UK – The International Trade Council has lauded the UK’s first trade agreement with an individual US state, Indiana, as a significant move towards post-Brexit progress. The Memorandum of Understanding (MoU) seeks to enhance the £1.1bn ($1.4bn) worth of goods that Indiana already purchases from the UK. The agreement was signed by UK Trade […]

Biden Pledges $150M to ASEAN to Strengthen Regional Cooperation

Economic Development, News

May 13, 2022

The International Trade Council reports that US President Joe Biden has committed to investing $150 million in Southeast Asia, supporting infrastructure, security, and anti-pandemic efforts. This announcement comes during the two-day summit held in Washington between the US and the 10-nation Association of Southeast Asian Nations (ASEAN). The goal is to counterbalance China’s increasing influence […]

The ITC’s Global Economic Impact Forum on Ukraine to be Held in Istanbul, July 21-22, 2022

Economic Development, News, Ukrain

May 11, 2022

Istanbul, Turkey – The Global Economic Impact Forum on Ukraine (TGEIF) will be held on July 21-22, 2022, in Istanbul. This invitation-only event will bring together high-level political, public sector, and business leaders from Fortune 500 companies from across the globe to look at rebuilding Ukraine, discuss investment and trade opportunities, and address the challenges […]

International Trade Council Urges Full Embargo on Russian Energy to Support Ukraine

Economic Sanctions, News, Russia, Ukrain

May 10, 2022

The International Trade Council is urging for a full embargo on Russian energy imports, in order to support Ukraine amidst the ongoing conflict with Russia. Ukraine’s Finance Minister, Sergeii Marchenko, stated that the embargo would make it harder for Russia to finance their military needs, whilst also levelling the playing field between the two countries. […]

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