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Archive for the ‘Europe’ Category

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 […]

International Trade Council Welcomes German Parliament’s Approval of EU-Canada Trade Pact

Canada, Europe, News, Trade Agreements

December 1, 2022

The International Trade Council (ITC) applauds the decision of the German parliament to approve the free-trade agreement between the European Union (EU) and Canada, taking an important step towards the full implementation of the Comprehensive Economic and Trade Agreement (CETA). The CETA, signed in 2016, has been provisionally applied since 2017, with most of […]

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 […]

The EU Adopts 5 Billion-Euro Brexit Reserve to Support Businesses

Europe, News, Trade Agreements

September 29, 2021

The International Trade Council is pleased to announce that the European Council has approved a 5 billion-euro ($5.8 billion) reserve to help EU businesses navigate the short-term effects of Brexit. This fund aims to cover additional costs and compensate losses resulting from the United Kingdom’s withdrawal from the 27-nation trade bloc. Brexit has significantly […]

International Trade Council Hails Ratification of EU-UK Trade Deal

Europe, News, Trade Agreements, United Kingdom

April 28, 2021

The International Trade Council has hailed the European Parliament’s decision to ratify the post-Brexit EU-UK Trade and Cooperation Agreement (TCA) as a key move to ensure tariff- and quota-free trade continues between the two sides. MEPs voted overwhelmingly in favour of the deal by 660 votes to 5, while 32 abstained. The TCA has been […]

Potential Months-Long Disruption at European Ports Due to Suez Canal Blockage

Europe, News, Supply Chain

March 31, 2021

The International Trade Council announces potential long-term disruptions at European ports resulting from the recent six-day blockage in the Suez Canal by the Ever Given vessel. Despite the successful freeing of the ship, there may be months of residual impact on shipments arriving in the EU. According to the Port of Antwerp, Europe’s second busiest […]

International Trade Council celebrates as US and EU agree to suspend tariffs in Boeing-Airbus trade dispute

Europe, News, Trade Policy, United States

March 5, 2021

The International Trade Council (ITC) welcomes the decision by the United States and the European Union to temporarily suspend the tariffs on each other’s goods, which were imposed as retaliation over subsidies provided to Airbus and Boeing, respectively. The four-month suspension, which affects billions of dollars’ worth of goods, including wine, cheese, and tractors, comes […]

EU Ambassadors Approve EU-UK Trade Deal

Europe, News, Trade Relations, United Kingdom

December 28, 2020

Brussels, 28 December 2020 – Ambassadors from the 27 EU member states have given their unanimous approval to the EU-UK post-Brexit trade deal, paving the way for it to come into force on 1 January. The UK Parliament is expected to approve it on 30 December. Under EU rules, it can take effect provisionally, […]

International Trade Council welcomes US-EU agreement to eliminate lobster tariffs

Europe, News, Trade Agreements, United States

August 21, 2020

The International Trade Council (ITC) welcomes the news that the European Union has agreed to eliminate tariffs on US lobster, a key priority of President Donald Trump, in exchange for the US halving import taxes on some $160m worth of European goods, including cigarette lighters and certain crystal glassware. The agreement is the first tariff […]

Modification of Trade Status: Cambodia’s Exclusion from the European Union’s EBA Initiative

Cambodia, Europe, News, Sanctions

August 13, 2020

The International Trade Council announces that the European Union has formally adjusted its trade relationship with Cambodia, moving away from its preferential trade programme, the Everything but Arms (EBA) agreement. The decision, resulting from Cambodia’s persisting systemic human rights violations, reinstates custom duties on a significant proportion of Cambodia’s exports to the EU. Under the […]

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