🎄 Season's Greetings from the International Trade Council! 🎄

Please note that our offices will be closed from 20th December 2024 and will reopen on 6th January 2025.

We wish you a joyful holiday season and a prosperous New Year! Thank you for your continued support, and we look forward to assisting you in 2025.

Warm regards,
The International Trade Council Team

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Turkey Strengthens Position in Global Hazelnut Trade with China

Agricultural Trade, News, Turkey

October 27, 2024

Turkey is celebrating a remarkable achievement in its hazelnut industry, solidifying its status as a leading exporter to China. According to reports, the 2023/24 hazelnut production season has yielded impressive results, with exports reaching 303,458 metric tons. This outstanding performance has resulted in an export value of $2.349 billion, reflecting a robust increase of 30.9% […]

EU and China Advance Collaborative Talks on Electric Vehicle Trade

China, International Trade, News

October 25, 2024

The European Union and China are taking significant steps toward enhancing their trading relationship through continued technical negotiations on electric vehicles (EVs). Both parties are exploring innovative alternatives to the tariffs set to be imposed on China-made EVs, with the aim of fostering a more cooperative and beneficial trade environment.   In a recent video […]

Strong U.S.-UK Trade Relationship Poised for Continued Growth, Says British Finance Minister

International Trade and Economic Relations, News, United Kingdom

October 25, 2024

British Finance Minister Rachel Reeves recently highlighted the enduring strength of the U.S.-UK trade relationship, emphasizing its importance for both nations. In an interview with Reuters during the International Monetary Fund (IMF) and World Bank annual meetings in Washington, Reeves expressed optimism about the future of trade between the two countries.   “The U.S. remains […]

Turkey’s Fruit Exports Reach $1 Billion, Strengthening Global Trade Position

Agricultural Exports, News, Turkey

October 24, 2024

In an exciting development for Turkey’s agricultural sector, the country has achieved a significant milestone by exporting fruits valued at over $1 billion to 114 countries in just the first nine months of 2024. This impressive achievement not only showcases the quality and competitiveness of Turkish fruits but also underscores the sector’s pivotal role in […]

Kazakhstan to Enhance Grain and Wheat Exports Following Record Harvest

Agricultural Exports, Kazakhstan, News

October 24, 2024

Kazakhstan is poised to bolster its grain and wheat exports after an outstanding harvest this year. With over 16.7 million hectares of cereals sown, the country has completed 99.7% of its harvesting, yielding an impressive 26.5 million tons of grain. This achievement not only highlights Kazakhstan’s agricultural capabilities but also sets the stage for increased […]

G20 Ministers Embrace Sustainable Trade and Women’s Empowerment in Global Economy

Brazil, News, Trade Relations

October 24, 2024

G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

WTO Advanced Trade Policy Course Underway in Geneva

News, Switzerland, Trade Policy

October 24, 2024

An exciting opportunity is unfolding in Geneva, where 27 government officials from developing and least-developed countries are participating in the Advanced Trade Policy Course from October 14 to December 6. This eight-week program, organized by the WTO, aims to empower participants with essential knowledge of international trade and enhance their understanding of WTO agreements and […]

Chilean Grape Exports Set for Success with Varietal Innovations

Agricultural Exports, Chile, News

October 22, 2024

Chilean grape exports are gearing up for a successful season, with the Chilean Table Grape Committee forecasting an impressive export crop of 66 million cartons for the 2024/25 season, reflecting a 2.4% increase compared to the previous year. This growth showcases the resilience and adaptability of Chile’s agricultural sector, with estimates based on approximately 85% […]

Positive Growth in Argentine Apple and Pear Exports Bolsters Trade Prospects

Agricultural Exports, Argentina, News

October 22, 2024

Argentina is witnessing a promising uptick in its apple and pear exports, reflecting the country’s strong agricultural trade performance in the first nine months of 2024. According to the national plant health authority, Senasa, pear shipments have surged by an impressive 6%, totaling 302,404 tonnes. This growth is particularly noteworthy as Brazil continues to be […]

Brazil Poised to Lead the Global Chicken Export Market

Agricultural Exports, Brazil, News

October 22, 2024

Brazil is set to solidify its position as a leader in global chicken exports, with projections indicating an increase of 100,000 tonnes (2%) in 2025. This growth comes as the global chicken export market is expected to rebound, reaching a record 13.8 million tonnes after two years of stagnation. The United States Department of Agriculture […]

Kuwait Advances Global Trade Sustainability by Accepting Fisheries Subsidies Agreement

Kuwait, News, Sustainable Trade

October 22, 2024

Kuwait has taken a significant step toward promoting sustainable global trade by officially accepting the Agreement on Fisheries Subsidies. On October 22, Ambassador to the WTO, Nasser Abdullah Al-Hayen, presented the instrument of acceptance to Director-General Ngozi Okonjo-Iweala. This important milestone increases the total number of World Trade Organization (WTO) members who have embraced the […]

Cambodia Expands Clean Power Imports from Neighboring Countries

Cambodia, Energy Trade, News

October 21, 2024

Cambodia is making significant strides in renewable energy by planning to import over 600 megawatts (MW) of clean power from its neighboring countries, including Laos, Vietnam, and Thailand. Energy Minister Keo Rottanak announced this exciting development, which represents a remarkable increase of more than 50% in the country’s contracted import capacity.   Starting in 2026, […]

Arif Esa Represents moneyIN Morocco for Founder of the Year Award at Global Startup Awards Africa 2024

Morocco, News

October 21, 2024

Arif Esa, Deputy Chairman of the International Trade Council Banking and Trade Finance, has been nominated to represent moneyIN Morocco in the prestigious Global Startup Awards Africa 2024 competition for the Founder of the Year Award. This recognition underscores Esa’s innovative contributions to the financial technology sector through moneyIN Morocco.   As moneyIN Morocco advances […]

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