Archive for the ‘United Kingdom’ Category

U.S.-U.K. Energy Partnership Aims to Boost Energy Security and Drive Down Prices

Energy Security, News, United Kingdom, United States

December 7, 2022

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

UK Strikes Digital Trade Deal With Ukraine

Digital Trade, News, Ukrain, United Kingdom

November 30, 2022

International Trade Council announces the UK-Ukraine digital trade agreement, in a move to boost Ukraine’s economy amid challenges from the war and infrastructure damages. The deal was struck at a London meeting between the UK Trade Secretary Kemi Badenoch and Ukraine’s Minister for Trade and Economy Yulia Svyrydenko. The agreement aims to facilitate cross-border flows […]

International Trade Council Commends UK’s First Trade Agreement with Indiana

Bilateral Trade Relation, India, News, United Kingdom

May 27, 2022

London, UK – The International Trade Council has lauded the UK’s first trade agreement with an individual US state, Indiana, as a significant move towards post-Brexit progress. The Memorandum of Understanding (MoU) seeks to enhance the £1.1bn ($1.4bn) worth of goods that Indiana already purchases from the UK. The agreement was signed by UK Trade […]

India and the United Kingdom Launch Talks on Free Trade Deal

Bilateral Trade Relation, India, News, United Kingdom

January 14, 2022

The International Trade Council is pleased to announce the launch of negotiations between India and the United Kingdom on a free trade deal. This ambitious agreement is expected to significantly boost bilateral trade, marking one of the most notable negotiations for the UK following Brexit. British International Trade Secretary Anne-Marie Trevelyan met with India’s Minister […]

Australia and the United Kingdom Sign Comprehensive Free Trade Agreement

Australia, Bilateral Trade Relation, News, United Kingdom

December 20, 2021

The International Trade Council is delighted to announce the signing of a free trade agreement between Australia and the United Kingdom. The deal was signed virtually by Australian Trade Minister Dan Tehan in Adelaide and Britain’s Secretary of State for International Trade Anne-Marie Trevelyan in London. This landmark agreement will eliminate 99% of taxes on […]

International Trade Council welcomes UK’s trade deal with Norway, Iceland, and Liechtenstein

News, Trade Agreements, United Kingdom

June 4, 2021

The International Trade Council (ITC) welcomes the recent post-Brexit trade agreement between the UK, Norway, Iceland, and Liechtenstein, which will greatly benefit trade between the four non-EU nations, already valued at £21.6bn. The UK’s international trade secretary, Liz Truss, said the deal would be “a major boost for our trade…while supporting jobs and prosperity in […]

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 […]

Abu Dhabi investment fund has agreed to pay £800m into the UK life sciences sector

Foreign Investments, News, United Kingdom

March 24, 2021

Abu Dhabi Investment Fund Mubadala has committed to investing £800 million in the UK’s life sciences sector over five years, marking the first of what could be several billion pounds of investments in the UK. Abu Dhabi is also reportedly planning to invest heavily in British health, tech, green energy, and infrastructure. The exact size […]

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 celebrates the signing of the UK-Japan Free Trade Agreement

Bilateral Trade Relation, Japan, News, United Kingdom

October 23, 2020

The International Trade Council is pleased to announce the signing of the UK-Japan Free Trade Agreement, which marks the United Kingdom’s first major trade pact after Brexit. The deal is expected to strengthen the trade relationship between the two nations, bringing significant benefits to both countries. Under the agreement, nearly all exports from the […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.