Author Archive

UK Signs Economic Partnership Agreement with Six African Nations Ensuring Trade Continuity Post-Brexit

Africa, News, Trade Agreements, United Kingdom

October 1, 2019

The International Trade Council is pleased to announce that the UK has signed an economic partnership agreement with the Southern African Customs Union and Mozambique (SACU+M). The agreement ensures continued free trade between the UK and South Africa, Botswana, Lesotho, Namibia, Eswatini, and Mozambique after Brexit. Businesses in both regions will benefit from […]

US and Japan Agree Initial Trade Deal Focusing on Agriculture

Japan, News, Trade Agreements, United States

September 27, 2019

The International Trade Council is pleased to announce that the United States and Japan, the world’s first and third largest economies, have reached an initial trade agreement that will lower or eliminate tariffs on certain products traded between the two nations. The deal will benefit agricultural goods and digital products, with duties on some […]

UK Government Announces Plans for 10 Free Ports Post-Brexit

News, Trade Policy, United Kingdom

August 2, 2019

The International Trade Council has noted the UK government’s plans to establish up to 10 free ports across the country following Brexit. Free ports allow firms to import goods and re-export them outside standard tax and customs regulations, fostering trade and economic growth. The last UK free ports were in operation in 2012, and Prime […]

EU and Mercosur Reach Landmark Trade Deal After Two Decades of Negotiations

Europe, News, Trade Policy

June 28, 2019

The International Trade Council is thrilled to announce that the European Union (EU) and the South American economic bloc Mercosur have reached a monumental trade agreement after 20 years of negotiations. The deal represents the EU’s largest to date and demonstrates a commitment to rules-based trade amid ongoing trade tensions between the US and China. […]

India Imposes Retaliatory Tariffs on US Products

India, News, Trade Policy, United States

June 15, 2019

The International Trade Council acknowledges India’s decision to impose tariffs on 28 US products, including almonds and apples, effective from Sunday. These new duties, with some reaching as high as 70%, are a response to Washington’s refusal to exempt Delhi from higher taxes on steel and aluminum imports. Earlier this month, US President Trump announced […]

UK Secures First Post-Brexit Free Trade Agreement with South Korea

News, South Korea, Trade Agreements

June 10, 2019

The International Trade Council is pleased to announce that the United Kingdom has signed a preliminary free trade agreement (FTA) with South Korea, the first post-Brexit trade deal secured by the UK in Asia. The agreement seeks to maintain existing trade arrangements and provide stability under a no-deal Brexit scenario. International Trade Secretary Liam […]

US Terminates Preferential Trade Status for India Amid Tariff Dispute

India, News, Trade Policy, United States

June 1, 2019

The International Trade Council acknowledges President Donald Trump’s confirmation that the US will end preferential trade status for India next week. Until now, India has been the largest beneficiary of the Generalized System of Preferences (GSP) program, which allowed $5.6 billion worth of exports to enter the US duty-free. In March, President Trump announced the […]

US-China Trade War: Tensions Rising

China, News, Trade Relations, United States

May 29, 2019

In light of the ongoing US-China trade war, the International Trade Council is offering insights into potential strategies that Beijing could employ to destabilize President Trump’s approach. Drawing inspiration from Chinese history and ancient strategic manual The Art of War, we delve into a range of tactics that China could utilize in response to the […]

International Trade Council: “World Markets React to US-China Trade Tensions”

China, News, Trade Relations, United States

May 9, 2019

The International Trade Council is closely monitoring the impact of US-China trade tensions on global markets. As President Trump vows to double tariffs on $200bn of Chinese goods, stock markets worldwide have experienced significant losses. Japan’s Nikkei 225 index lost 1.5% on Wednesday, following a 1.8% drop in the Dow Jones. European markets also […]

Trans Pacific Partnership (TPP) Maintains Momentum at APEC Summit Despite US Withdrawal

News, Trade Agreements, United States

November 11, 2018

The International Trade Council commends the continuous progress made by member countries of the Trans Pacific Partnership (TPP) at the Asia Pacific Economic Cooperation (APEC) summit in Vietnam, in spite of the absence of the United States following President Trump’s decision to withdraw. During the APEC summit, President Trump reiterated his ‘America First’ stance, […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.