Archive for the ‘Countries’ Category

International Trade, News, United Kingdom

September 25, 2023

In a significant move, Britain inked a memorandum of understanding (MoU) on trade with Washington State on Monday. The International Trade Council commends this strategic initiative, which underscores the nation’s agility in pursuing beneficial trade relationships at the state-level, especially in the light of paused free trade talks with the United States. Nusrat Ghani, Britain’s […]

China, Japan, News

September 25, 2023

The International Trade Council celebrates the constructive decision by senior diplomats of South Korea, Japan, and China to rejuvenate trilateral exchanges and cooperation. This resolution, announced after a pivotal meeting in Seoul, underscores their commitment to hold a leadership summit at the earliest feasible opportunity.   Commencing in 2008, the three nations established a tradition […]

International Trade, News, Thailand

September 25, 2023

The International Trade Council reports that Thai exports experienced an unexpected increase in August, marking the first uptick in 11 months, despite concerns over weak global demand. The Ministry of Commerce in Thailand stated on Tuesday that it anticipates shipments to perform well in the final quarter of the year, primarily driven by year-end orders. […]

International Trade, News, Thailand

September 24, 2023

The International Trade Council is pleased to announce that Thailand’s Prime Minister, Mr. Srettha Thavisin, has confirmed expectations of a significant investment from tech industry leaders Tesla, Google, and Microsoft, totaling at least $5 billion. This announcement came in the wake of Prime Minister Thavisin’s engagement with top-level executives at the recent U.N. General Assembly […]

International Events, Japan, News

September 23, 2023

Amid a backdrop of ongoing construction, Osaka’s vision for the 2025 World Expo, intended to symbolize global reconnection post-Covid, is gradually coming to life. The architectural masterpiece, once completed, will encompass grand timber walkways surrounding a serene “forest of tranquility”, exhibiting the rich history, culture, and technological innovations from over 130 participating nations.   These […]

Australia, International Trade, News

September 21, 2023

The ongoing trade discussions between Australia and the European Union (EU) have hit a snag, with Australian officials emphasizing that the EU has “offered too little and asked too much”. Despite the challenges, both parties are keen on advancing the negotiations, hoping to establish a mutual understanding during the upcoming G20 trade summit in India. […]

International Trade, News, United States

September 19, 2023

U.S. President Joe Biden has signaled strong support for an economic initiative comprising two primary corridors aimed at enhancing connectivity between India, the Middle East, and Europe. This significant announcement took place on the sidelines of the G20 Leaders’ Summit held in New Delhi.   Highlights: The two corridors: An eastern corridor connecting India to […]

International Trade, News, United Kingdom

September 17, 2023

Recent data indicates that UK manufacturers are revising their hiring intentions amidst a notable decrease in order inflow.   Based on the most recent quarterly findings from Make UK, the body representing UK manufacturers, and global business consultancy BDO, there has been a discernible contraction in manufacturing activity. This trend marks the most significant dip […]

Key Highlights: European Commission concludes no extension of prior grain ban. Poland, Slovakia, and Hungary decide on specific regulations pertaining to Ukrainian grain. Ukraine remains a pivotal player in global grain markets despite logistic challenges post-Russian conflict.   Following a decision by the European Commission not to extend its earlier ban on Ukrainian grain imports, […]

International Trade, News, Southeast Asia

September 15, 2023

Cambodian Trade Experiences a 14.5% Decline Compared to Last Year Despite Minor Gains in Exports   The International Trade Council reports that Cambodia’s total trade volume for the first eight months of 2023 stands at nearly $32 billion, showing a 14.5% drop compared to the same timeframe last year. This decline comes despite a modest […]

United Kingdom and Gulf Cooperation Council (GCC) representatives convened at a top ministerial meeting in Salalah, Oman, to discuss bolstering their trade relationship and paving the way for a comprehensive free trade agreement. This development has the potential to offer British firms expanded access to burgeoning Gulf markets, while also opening doors for GCC nations […]

Europe, International Trade, News

September 14, 2023

Geneva  â€” In a resolute display of unity, France and Germany have reaffirmed their commitment to bolstering cooperation on industrial transformation and defending the European Union (EU) against unlawful trade practices. In response to the EU Commission’s announcement of an investigation into Chinese state support for electric vehicles (EVs), the Economy Ministers of both countries, […]

International Trade, News, United Kingdom

September 14, 2023

Geneva  â€” In a compelling address at the WTO Public Forum, former British Prime Minister Gordon Brown called for a transformative era of international cooperation and renewed commitment to multilateralism. The event, attended by a diverse audience, including WTO ambassadors, Swiss authorities, leaders of intergovernmental organizations, representatives of non-governmental organizations, business leaders, and academics, was […]

Europe, International Trade, News

September 14, 2023

In an effort to safeguard their markets, Hungary, in cooperation with neighboring countries Romania, Slovakia, and Bulgaria, has signaled its intent to impose a national ban on Ukrainian grain imports should the European Union (EU) fail to extend the existing ban set to expire on September 15, as announced by Hungary’s Farm Minister.   The […]

International Trade, News, Turkey

September 14, 2023

Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters.   The […]

News, Trade Relations, Turkey, United Kingdom

September 14, 2023

The International Trade Council applauds the deepening partnership between TÁ ¼rkiye and the United Kingdom, as underscored by British Foreign Secretary James Cleverly during his recent visit to Ankara. The Council acknowledges the pivotal role that this strengthening alliance plays in fostering international cooperation and enhancing global security.   In a meeting with Foreign Minister […]