Archive for the ‘Countries’ Category

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 […]

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 […]

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 […]

Economic Development, News, Turkey

June 22, 2023

The International Trade Council (ITC) recognizes the substantial interest rate hike enacted by the Turkish Central Bank as an important move towards more traditional economic strategies to tackle persistent high inflation. The 6.5 percentage points increase to 15% signifies a shift in monetary policy and could be an early indicator of economic recovery. Despite the […]

The International Trade Council (ITC) applauds the signing of the landmark ‘Atlantic Declaration,’ a multifaceted agreement between US President Joe Biden and UK Prime Minister Rishi Sunak. This agreement, announced at a joint press conference held at the White House on June 8, 2023, bolsters international cooperation in areas such as artificial intelligence, critical minerals, […]

News, Trade Relations, Ukrain

June 9, 2023

The International Trade Council (ITC) is honored to announce its participation in the Ukraine Recovery Conference (URC) 2023, slated to take place in London from June 21-22. This esteemed conference, co-hosted by the UK and Ukraine, marks an essential step in rallying international support for Ukraine’s post-conflict recovery. Continuing the cycle of annual events, this […]

The International Trade Council is delighted to announce that Prime Minister Rishi Sunak is embarking on a significant visit to the United States where he is anticipated to discuss various trade-related subjects with President Joe Biden, among them, the President’s landmark green industry investment package. On his journey to Washington DC, Mr. Sunak expressed reservations […]

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 (ITC) acknowledges the upcoming visit of Honduran President Xiomara Castro to China, as part of Honduras’s efforts to enhance its relations with Beijing and pursue economic opportunities.   President Castro’s visit, scheduled from June 9 to 13, comes at the invitation of President Xi Jinping and signifies the growing cooperation between […]

Iran, News, Trade Agreements

May 31, 2023

The International Trade Council (ITC) notes with interest the upcoming implementation of the free trade agreement between Iran and the Eurasian Economic Union (EEU). This agreement is anticipated to bring significant privileges to Armenia for various products, particularly food commodities, as mentioned by Armenia’s Minister of Economy, Vahan Kerobyan.   While challenges persist in exporting […]

Australia, New Zealand, News

May 31, 2023

The International Trade Council (ITC) enthusiastically welcomes the entry into force of the UK’s post-Brexit trade agreements with Australia and New Zealand. These treaties, while garnering diverse views, signify a significant move for the UK as an independent trading nation, as they represent the first deals to come into force following Britain’s exit from the […]

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 […]