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Archive for the ‘United Kingdom’ Category

UK Forges Trade Understanding with Washington State, Sets Sights on Florida, Signaling Robust State-Level Trade Engagement

International Trade, United Kingdom

September 25, 2023

In an innovative move showcasing adaptability and strategic foresight, the United Kingdom marked a significant milestone in international trade relations on Monday by finalizing a memorandum of understanding (MoU) focused on trade with the U.S. state of Washington. This development, a commendable pivot in the UK’s post-Brexit strategy, comes amidst a pause in negotiations for […]

Britain Forges Trade Agreement with Washington State, Gears Up for Florida

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 […]

UK Manufacturing Sector Faces Recruitment and Growth Challenges

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 […]

GCC and UK Aim to Strengthen Trade Ties at High-Level Meeting in Oman

International Trade, News, Oman, United Kingdom

September 15, 2023

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 […]

Former UK PM Gordon Brown Advocates for a New Era of International Cooperation and Multilateralism

International Trade, News, United Kingdom

September 14, 2023

Geneva — 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 launched […]

Türkiye and the United Kingdom Cement “Indispensable” Partnership, Paving the Way for Bilateral Prosperity

News, Trade Relations, Turkey, United Kingdom

September 14, 2023

The International Trade Council applauds the deepening partnership between Türkiye 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 Hakan […]

UK Signs New Strategic Partnership with Singapore to Boost Economy and Strengthen Security

International Trade, News, Singapore, United Kingdom

September 10, 2023

In a significant move to advance economic growth and mutual security, the Prime Minister of the United Kingdom has formally entered into a Strategic Partnership with Singapore. This partnership, signed on September 9, is expected to foster collaboration between the two nations in various domains, particularly in cutting-edge technologies like artificial intelligence (AI) and cybersecurity, […]

Industry Outlook Towards UK’s Electronic Trade Documents Act

Digital Trade, News, United Kingdom

September 8, 2023

A recent webinar conducted by the Institute of Export & International Trade (IOE&IT) has revealed that approximately 75% of businesses believe the forthcoming UK Electronic Trade Documents Act (ETDA) will positively impact their operations. The legislation is slated for implementation later this month. Digital Economy and Technology Minister Paul Scully has projected that the ETDA […]

International Trade Council Applauds UK-Australia Free Trade Agreement for Accelerating Fintech Collaboration

Australia, News, Trade Agreements, United Kingdom

September 6, 2023

The International Trade Council warmly welcomes the Free Trade Agreement (FTA) between the United Kingdom and Australia, a landmark deal set to boost fintech sectors in both nations by removing over 99% of tariffs and enhancing labor mobility.   Signed in December 2021, this comprehensive agreement will not only facilitate work and travel opportunities but […]

International Trade Council Applauds the Revival of Tariff-Free Sugar Trade Between Australia and the UK

Australia, News, Trade Agreements, United Kingdom

September 5, 2023

The International Trade Council welcomes the significant milestone of the first shipment of raw sugar from Australia to the United Kingdom under the newly established free trade agreement between the two nations. This historic trade event marks the reopening of a valuable market for Australian sugar suppliers and underscores the positive impact of international trade […]

Landmark Australia-UK Free Trade Agreement

Australia, News, United Kingdom

August 22, 2023

Melbourne, August 22, 2023 – The International Trade Council is pleased to acknowledge the successful implementation of the Australia-United Kingdom Free Trade Agreement (FTA). This milestone was celebrated today during the Australian British Chamber of Commerce business lunch in Melbourne. The recent activation of this gold-standard trade agreement marks a significant shift in the economic relationship […]

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines

News, Philippines, Trade Relations, United Kingdom

August 19, 2023

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines The International Trade Council reports that the United Kingdom (UK) and the Philippines are in discussions regarding the potential formation of a Joint Trade and Economic Committee (JETCO). The aim of the JETCO would be to strengthen economic connections between the two nations. […]

International Trade Council Welcomes the Historic ‘atlantic Declaration’ Between US and Uk

International Trade Agreements, News, United Kingdom, United States

June 9, 2023

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, […]

The ITC Supports UK’s Commitment to Strengthen Farming Sector

Agricultural Trade, News, United Kingdom

May 16, 2023

The International Trade Council (ITC) welcomes UK Prime Minister Rishi Sunak’s recently announced measures aimed at reinforcing the UK food supply chain and protecting farmers in future trade negotiations. This initiative is a proactive response to address inflation and highlights the pivotal role of the agricultural sector in the UK’s economy and trade.   The […]

International Trade Council Announces UK’s Joining of CPTPP, Boosting Trade with Asia and Pacific Nations

News, United Kingdom

March 31, 2023

The International Trade Council is pleased to announce that the United Kingdom has signed a deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade pact that includes 11 Asia and Pacific nations. This development comes three years after the UK officially left the European Union.   Joining the CPTPP will […]

UK Joins CPTPP Trade Bloc, Expanding Economic Opportunities in the Asia-Pacific Region

International Trade, News, United Kingdom

March 31, 2023

The International Trade Council is pleased to announce that the United Kingdom has successfully joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). After 21 months of negotiations, the UK has become the first non-founding member of the 11-nation trade bloc, which includes Japan, Australia, Canada, Mexico, Vietnam, and Malaysia. This significant achievement expands […]

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