🎄 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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Automakers Look to U.S. Investment and Expanded Production Amid Potential New Tariff Policies

Automotive Industry, News, United States

November 6, 2024

Automakers are positioning for new growth opportunities within the U.S. market, with potential policy adjustments on the horizon that could impact trade and production strategies. As the sector assesses upcoming tariff policies, industry leaders are considering enhanced domestic manufacturing and increased U.S.-based investments to drive innovation and meet shifting market demands.   Recent discussions around […]

U.S. Retailers Strategically Adjust Christmas Imports in Anticipation of Holiday Trends

News, Trade and Commerce, United States

November 5, 2024

As the holiday season approaches, U.S. retailers, including industry giant Walmart, are strategically adjusting their import strategies for Christmas goods. Recent data reveals a thoughtful decrease in holiday product imports, reflecting retailers’ proactive approach to align with evolving consumer preferences and market trends.   Walmart has reported importing around 340,000 kilos of Christmas-related products in […]

Korean Agricultural Exports Hit Record High, Showcasing Growing Demand and Trade Opportunities

Agricultural Exports, News, South Korea

November 5, 2024

Korea’s agricultural exports reached a new milestone through October 2024, underscoring the country’s increasing role in global trade. With a surge in demand for both fresh and processed food items, total agricultural exports rose to $8.18 billion, marking an impressive 8.7% year-over-year growth, according to the Ministry of Agriculture, Food and Rural Affairs.   The […]

Deputy Director-General Johanna Hill Highlights the Power of Trade to Drive Global Prosperity at Import Expo

China, International Trade, News

November 5, 2024

At the Hongqiao International Economic Forum in Shanghai on November 5, World Trade Organization Deputy Director-General Johanna Hill underscored the transformative potential of international trade in promoting global prosperity and resilience. Speaking at a session titled “China and 30 Years of the World Trade Organization: History and Evolution,” Hill praised the critical role of trade […]

Nepal Imports $403K Worth of Bananas from India Amid Rising Demand

Agricultural Trade, Nepal, News

November 4, 2024

In an exciting development for international trade, Nepal has imported bananas valued at approximately $403,225 (50 million rupees) from India. This strategic import decision reflects the increasing demand for bananas in the Nepali market, which has outpaced local production capabilities.   Bishweshwar Yadav, President of the Janakpur Fruits and Vegetables Traders Committee, highlighted the significant […]

Bangladesh Leverages Maldives as Strategic Hub for Textile Exports

Bangladesh, International Trade, News

November 4, 2024

In a proactive move to enhance its textile export capabilities, Bangladesh has started rerouting its shipments through the Maldives, marking a significant development in its trade strategy. This initiative aims to streamline logistics, better manage supply chains, and ensure timely delivery of products to global markets.   As the world’s second-largest garment producer, Bangladesh plays […]

Indonesia Set to Boost Global Trade with Electric Vehicle Battery Precursor Exports

Automotive Industry, Indonesia, News

November 4, 2024

Indonesia is on the verge of making significant strides in the global electric vehicle (EV) supply chain, as it prepares to export battery precursor materials to major manufacturers, including Tesla Inc. Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that exports are expected to begin by January 1, 2025, marking a promising development for […]

India’s Manufacturing Sector Experiences Robust Growth in October, Signaling Trade Opportunities

India, Manufacturing, News

November 4, 2024

India’s manufacturing sector is showcasing strong momentum, as indicated by the latest Purchasing Managers’ Index (PMI) report. In October, the manufacturing PMI surged to 57.5, up from an eight-month low of 56.5 in September. This significant increase reflects a resurgence in demand, leading to job creation and a promising outlook for businesses engaged in both […]

United States Eases Import Regulations for Chilean Table Grapes, Enhancing Trade Opportunities

Agricultural Trade, News, United States

November 4, 2024

In a strategic boost for the agricultural trade sector, the United States government has introduced a progressive update to its import regulations that promises to advance Chile’s table grape exports. Effective July 2024, the new guidelines permit specific regions in Chile, recognized for their minimal presence of the European grapevine moth, to export table grapes […]

Thailand’s Export Sector Poised for Record-Breaking Growth, Shippers’ Group Confirms

News, Thailand, Trade and Export

November 4, 2024

Thailand’s export sector is on track to reach an impressive 2% growth this year, according to the Thai National Shippers’ Council. With a targeted export value of $290 billion, Thailand’s trade outlook reflects the country’s strategic efforts to strengthen its role in the global market. Exports, which are a key contributor to Thailand’s economic health, […]

Afghanistan Expands Trade Horizons with Pomegranate Exports to China and Regional Markets

Afghanistan, Agricultural Exports, News

November 4, 2024

Afghanistan’s renowned pomegranates are set to reach new markets as the country’s Chamber of Commerce and Investment accelerates efforts to expand exports to China and strengthen regional trade partnerships. With a growing global demand for Afghan pomegranates, recent discussions with Chinese traders signal promising trade opportunities that could elevate Afghanistan’s agricultural exports on the world […]

Chinese EV Maker to Launch Hybrid Vehicle Exclusively for International Markets

China, International Trade and Economic Relations, News

November 3, 2024

In an exciting development for the automotive trade landscape, a prominent Chinese electric vehicle manufacturer is preparing to launch its first hybrid vehicle, set to debut in 2026, exclusively in international markets. This strategic move is designed to enhance global market presence and respond to increasing demand for versatile vehicle options, while navigating the complexities […]

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