Archive for the ‘International Relations’ Category

The International Trade Council (ITC) expresses deep concern over the increasing use of exit bans by Chinese authorities, impacting both Chinese nationals and foreigners attempting to leave the country. Recent reports and research highlight a surge in cases involving exit bans, sending a troubling message amidst China’s claims of openness for business.   The ITC […]

The International Trade Council (ITC) commends the government of Cyprus for its firm commitment to upholding European Union (EU) sanctions on Russia. In light of recent blacklisting of Cypriot nationals by the US and UK for alleged involvement in sanctions-busting activities, the government of Cyprus has vowed to take decisive action against any deviation from […]

International Relations, News

April 3, 2023

The International Trade Council (ITC) acknowledges the European Union’s (EU) 11th package of sanctions against Russia announced last week by European Commission President, Ursula von der Leyen. The latest sanction package aims to prevent Russia from importing high-tech components for the ongoing conflict in Ukraine from neighbouring countries.   Central Asian nations, such as Uzbekistan […]

The International Trade Council stands in solidarity with Ukraine in the face of ongoing attacks from Russia, as Canadian Deputy Prime Minister Chrystia Freeland announces the country is stripping Russia and Belarus of their status as “most favoured nation” trading partners.   “We strongly condemn Russia’s invasion of Ukraine and support Canada’s move to impose […]

The International Trade Council acknowledges the decisions made by the Philippines and New Zealand to reject the inclusion of Myanmar in the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement. This move broadens international opposition to the military takeover in Myanmar, which has led to violence, democratic setbacks, and trade and diplomatic […]

China, International Relations, News

February 11, 2022

The International Trade Council expresses concern over China’s suspension of beef imports from Lithuania amid the growing trade spat with the Baltic nation and its Western allies over Taiwan. The suspension took effect on Wednesday, and the General Administration of Customs did not give a reason for the suspension. However, the agency typically halts imports […]