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Archive for the ‘Countries’ Category

Foreign Direct Investments in Oman Show Positive Growth, Reaching OMR 21.270 Billion

Economic Relations, News, Oman

August 6, 2023

The volume of foreign direct investments (FDI) in Oman has demonstrated a notable increase, recording a growth of 23.3 percent by the end of the first quarter of this year. The total FDI volume reached OMR 21.270 billion, with a financial flow estimated at OMR 4.20 billion. This growth is in comparison to an FDI […]

International Trade Council Applauds Vietnam-Israel Free Trade Agreement

Economic Relations, Middle East, News, Vietnam

August 4, 2023

The International Trade Council is thrilled to announce the successful signing of the Vietnam-Israel Free Trade Agreement (VIFTA) on July 25. This landmark agreement is projected to amplify bilateral trade by fifty percent within the next two years. The fruit of a rigorous seven-year negotiation period, the agreement saw its formal endorsement by the trade […]

Analysis of China’s Bid to Join the Comprehensive Progressive Trans-Pacific Partnership

China, Economic Relations, News

August 2, 2023

Trade experts have indicated that China is well-positioned to fulfill the standards set by the Comprehensive Progressive Trans-Pacific Partnership (CPTPP). This assessment brings into focus the political considerations that member nations must address regarding Beijing’s potential inclusion in the pact. Britain’s recent accession to the CPTPP has initiated a period of evaluation for other aspiring […]

Judgment on EU Foreign Direct Investment Screening: A Milestone for European Investment

Economic Relations, Europe, News

August 1, 2023

The International Trade Council acknowledges the recent decision by the Court of Justice of the European Union (CJEU) dated 13 July 2023 on the European Union Foreign Direct Investment Screening Regulation, in place since October 2020. In the landmark case, Xella MagyarorszÁ ¡g, the CJEU has clarified that EU-based acquisitions, irrespective of the eventual […]

International Trade Council Celebrates the Initiation of Scoping Exercise for EU-Philippines Free Trade Agreement

Europe, News, Philippines, Trade Agreements

July 31, 2023

The International Trade Council warmly welcomes the announcement by the EU and the Philippines about their commitment to delve into the potential relaunch of negotiations for a holistic, contemporary, and balanced Free Trade Agreement (FTA), underpinned by sustainability. Both entities will soon initiate a bilateral ââ‚¬Ëoescoping processââ‚¬â„¢ to gauge the mutual understanding they share concerning […]

India Calls for Renegotiation of FTAs with Japan and South Korea to Address Trade Imbalance

India, Japan, News, South Korea, Trade Policy

July 27, 2023

India’s Trade Minister, Piyush Goyal, announced on Thursday that the country has requested Japan and South Korea to reconsider their existing free-trade agreements (FTAs) with India to ensure a more “balanced and equitable” trade relationship. The move comes in response to the widening trade gap between India and the two Asian nations. During an event […]

International Trade Council Announces Progress in Egypt-Serbia Free Trade Agreement Negotiations

Egypt, News, Trade Relations

July 27, 2023

The International Trade Council is pleased to announce the recent meeting between Egypt’s Minister of Trade and Industry, Ahmed Samir, and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirovic. The meeting focused on the development of commercial, industrial, and investment cooperation relations between the two nations and discussed the current global economic situation. Negotiations […]

Cambodia Adopts New Rules of Origin Law Aligning with World Trade Organization Standards

Cambodia, News, Trade Relations

July 26, 2023

The International Trade Council is pleased to announce that Cambodia has recently ratified a new Rules of Origin (ROO) law on July 5, 2023, in alignment with World Trade Organization (WTO) benchmarks. Key Highlights of the New Law: Uniform Criteria for Product Source Identification: This legislation furnishes businesses with a comprehensive and uniform criterion for […]

International Trade Council Announces Signing of Free Trade Agreement Between Vietnam and Israel

Middle East, News, Trade Agreements, Vietnam

July 25, 2023

The International Trade Council heralds the successful signing of a free trade agreement between Vietnam and Israel, culminating in seven years of detailed negotiations. Signed by the respective trade ministers, the agreement was marked with great optimism this Tuesday. Predicted to rapidly increase annual bilateral trade by close to 50%, the deal is poised […]

Globalstar and Owaka safeguard 15,000 participants in record year for adventure and extreme sports events

Event Management, New Zealand, News

July 19, 2023

Highlights: Specialist tracking solutions provider Owaka has had a record-breaking year, with ever more organisers of sporting competitions and automotive rallies choosing reliable SPOT Gen4 GPS messengers and Globalstar satellites for participant tracking, communications and emergency support Owakaââ‚¬â„¢s highly functional video and data platform helps race officials, as well as friends, family and sponsors, keep […]

Philippines Introduces “Green Lanes” to Attract Foreign Direct Investments

Foreign Direct Investment, News, Philippines

July 13, 2023

In a move aimed at bolstering foreign direct investments (FDI), the Philippines officially launched its “green lanes” for significant strategic investments. The initiative, intended to attract capital inflow into the country, will streamline the process for obtaining necessary documents to establish businesses within the nation, according to the Department of Trade and Industry (DTI). […]

Implementation of the Foreign Direct Investment (FDI) Regulation in Luxembourg

Foreign Direct Investment, Luxembourg, News

July 12, 2023

The International Trade Council hereby acknowledges the recent adoption by Luxembourg’s Chamber of Deputies of bill of law n °7885 on 13 June 2023. This bill puts into practice Regulation (EU) 2019/452, introducing a framework for screening foreign direct investments (FDI) into the EU. The law will be operative from 1 September 2023, joining Luxembourg […]

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 […]

Egypt Witnesses Growth in Foreign Direct Investment Inflow in 2022

Egypt, Foreign Direct Investment, News

July 8, 2023

The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]

United Arab Emirates Achieves Record Foreign Direct Investment Inflow; Saudi Arabia Experiences Dip

Foreign Direct Investment, News, Saudi Arabia, United Arab Emirates

July 7, 2023

The International Trade Council observes recent developments in the foreign direct investment (FDI) landscape in the Middle East and North Africa (MENA) region. As reported by the United Nations Conference on Trade and Development’s (UNCTAD) 2023 World Investment Report, the United Arab Emirates (UAE) has achieved a historic milestone in FDI inflow, while Saudi Arabia […]

International Trade Council Highlights Japan’s Record Investment Projections For Fiscal 2023

Economic Development, Japan, News

June 23, 2023

The International Trade Council (ITC) acknowledges the latest findings by Nikkei that Japanese companies are on track to set a new record in capital investment, reaching 31.6 trillion yen ($223 billion) in the 2023 fiscal year. This represents an increase of 16.9% from the previous fiscal year across all industries. Based on the survey encompassing […]

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