Archive for the ‘International Trade Agreements’ Category

Japan has taken a proactive step in strengthening its trade relationship with the United States by formally requesting an exemption from newly imposed tariffs on steel and aluminum. Minister of Economy, Trade, and Industry Yoji Muto announced the request on Wednesday, emphasizing Japan’s commitment to fostering open trade and economic collaboration.   The U.S. recently […]

Norway’s newly appointed Finance Minister, Jens Stoltenberg, has emphasized the importance of open dialogue with the U.S. to prevent potential trade disruptions and ensure continued economic cooperation. His appointment comes at a critical time as global trade discussions evolve, positioning Norway to take a proactive approach in strengthening its international trade relationships.   Stoltenberg, a […]

Mexican officials have expressed optimism about reaching an agreement with the United States before the newly extended tariff deadline, highlighting ongoing collaboration between the two nations to address shared economic and security concerns.   The U.S. had initially planned to impose 25% tariffs on imports from Mexico and Canada but postponed implementation by a month […]

China has proposed reviving the 2020 trade agreement with the United States, signaling a commitment to strengthening economic ties and fostering a more stable global trade environment. This initiative underscores the potential for renewed collaboration between the two major economies, benefiting industries and businesses worldwide.   The proposal includes efforts to stabilize currency policies, increase […]

Taiwan is taking proactive steps to support businesses looking to expand into the United States, reinforcing its role as a key player in global trade. In response to recent tariff adjustments, the Ministry of Economic Affairs announced a comprehensive plan to help Taiwanese companies explore new opportunities in the U.S. market.   This initiative will […]

Ecuador and Canada have successfully finalized a new trade agreement, paving the way for expanded economic opportunities and stronger bilateral trade relations. Ecuadorian President Daniel Noboa announced the deal, emphasizing its potential to drive local job creation and boost key export sectors.   The agreement, which follows six rounds of negotiations since March 2024, is […]

Indonesia and Canada have signed a landmark Comprehensive Economic Partnership Agreement (CEPA), signaling a commitment to deepen economic ties and foster sustainable trade growth. This milestone agreement, finalized after three years of negotiations, will take effect in 2026 and aims to create a more predictable and mutually beneficial trade relationship between the two G20 nations. […]

Peru and Japan have taken a significant step forward in strengthening their trade relations with the signing of key defense and mining cooperation agreements. The deals were officially signed by Peru’s President Dina Boluarte and Japan’s Prime Minister Shigeru Ishiba, following the Asia-Pacific Economic Cooperation (APEC) summit hosted in Lima.   These agreements focus on […]

The International Trade Council notes the official enactment of the US-Taiwan trade agreement following US President Joe Biden’s endorsement. This legislation represents the first agreement under the US-Taiwan Initiative on 21st Century Trade, signaling a collaborative approach to bilateral trade ties. The agreement’s primary features include: Streamlining of customs procedures. Measures against corruption. Support mechanisms […]

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, […]