Archive for the ‘Europe’ Category

New Zealand Prepares for EU Free Trade Agreement to Boost Seafood Sector

Europe, New Zealand, News, Trade Agreements

July 10, 2023

New Zealand’s seafood industry is set to receive a significant boost with the signing of a free trade agreement (FTA) with the European Union on 9th July. The agreement, signed a year after the conclusion of negotiations in June 2022, is expected to eliminate most export tariffs, enhance market access, and reduce compliance requirements, fostering […]

International Trade Council Comments On European Inflation Rate Drop

Economic Trends, Europe, News

June 22, 2023

The International Trade Council (ITC) has noted a significant easing of inflation across Europe, with rates falling to 6.1% from 7% in April 2023, as reported by Eurostat. Despite this decline, the ITC recognizes the ongoing strain on consumers, who are still grappling with high prices for food and other essential goods. Europe’s largest […]

European Commission Initiates Legal Proceedings Against Poland over “Russian Influence” Law

Europe, News, Political Affairs

June 7, 2023

The International Trade Council brings to light the European Commission’s launch of legal proceedings against Poland concerning a contentious law centered around a unique committee set up to probe alleged “Russian influence” within Poland. “This law could potentially be utilized to target opposition politicians during the run-up to Poland’s forthcoming general elections,” said Valdis Dombrovskis, […]

The International Trade Council Addresses EU’s Trade Agreement ‘Fatigue’: A Call for Renewed Engagement and Strategy

Europe, News, Trade Agreements

May 25, 2023

The International Trade Council recognizes the challenges currently faced by the European Union (EU) regarding the slow progress of trade agreement ratifications, as nations grapple with what’s been described as ‘trade agreement fatigue’. As per our latest records, the EU currently maintains 41 trade agreements with 72 countries. Yet, the prolonged discussions and complex […]

International Trade Council Engages in Discussions Regarding Australian-EU Trade Negotiations

Australia, Europe, News, Trade Agreements

May 23, 2023

The International Trade Council (ITC) acknowledges the ongoing trade negotiations between Australia and the European Union (EU) and the concerns raised by Australian dairy farmers and wine producers regarding the potential impact on naming rights. The ITC recognizes the importance of these negotiations for both parties and encourages open dialogue and constructive engagement to […]

EU Passes Groundbreaking Law for ‘Deforestation-Free’ Trade

Environmental Trade Regulations, Europe, News

May 16, 2023

The International Trade Council (ITC) welcomes the European Union’s new landmark law obligating EU-based companies to ensure their imports and exports are “deforestation-free” and respectful of human rights. The newly adopted European Union Deforestation-Free Products Regulation places the responsibility on companies registered in EU member states to confirm that seven key agricultural commodities – […]

Hungary Implements Temporary Import Ban on Select Ukrainian Agricultural Products

Europe, International Trade, News, Ukrain

April 19, 2023

The International Trade Council wishes to inform its members and relevant stakeholders that Hungary has implemented a temporary ban on imports of honey, certain meat products, and grains from Ukraine, effective immediately until June 30, 2023. This decision follows the European Commission’s announcement of emergency preventive measures for wheat, maize, sunflower seeds, and rapeseed imports […]

International Trade Council Responds to Cyprus’ Commitment to Uphold EU Sanctions on Russia

Europe, International Relations, News, Russia

April 18, 2023

The International Trade Council (ITC) commends the government of Cyprus for its firm commitment to upholding European Union (EU) sanctions on Russia. In light of recent blacklisting of Cypriot nationals by the US and UK for alleged involvement in sanctions-busting activities, the government of Cyprus has vowed to take decisive action against any deviation from […]

Addressing Green Subsidies Concerns at EU-US Tech Summit: A Step Towards Global Trade Harmony

Economic Policy, Europe, News, United States

December 6, 2022

The International Trade Council acknowledges the persistent discussions surrounding green subsidies between the European Union and the United States at the latest Trade and Technology Council (TTC) meeting. The summit, held at the University of Maryland, marked an important step in the progression of international cooperation on economic and technological matters. EU representatives, Vice Presidents […]

US-EU Dialogue Reinforces Commitment to Collaboration on Trade and Technology Issues

Europe, News, Technology Trade Policy, United States

December 5, 2022

The International Trade Council is pleased to acknowledge the ongoing efforts between the United States and the European Union to align on key issues of trade and technology. In a recent meeting of the bilateral Trade and Technology Council (TTC) near Washington DC, representatives from the two largest economies in the world reiterated their commitment […]

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.