🎄 Season's Greetings from the International Trade Council! 🎄

Please note that our offices will be closed from 20th December 2024 and will reopen on 6th January 2025.

We wish you a joyful holiday season and a prosperous New Year! Thank you for your continued support, and we look forward to assisting you in 2025.

Warm regards,
The International Trade Council Team

Archive for the ‘International Trade’ Category

Germany, International Trade, News

September 26, 2023

A recent survey conducted by the Ifo economic institute revealed that sentiment among German exporters has deteriorated significantly in September, reaching its lowest level since May 2020.   The Ifo institute’s export expectations indicator, in its fifth consecutive month of decline, dropped to minus 11.3 points in September, down from minus 6.5 points in August. […]

Brazil, International Trade, News, Vietnam

September 25, 2023

Brazilian President Luiz Inacio Lula da Silva announced on Monday that Vietnam has shown interest in establishing a trade deal with the Mercosur bloc, consisting of Brazil, Argentina, Paraguay, and Uruguay. Lula, who is currently chairing the Mercosur group, aims to foster closer relations between Mercosur members and Asian countries. He highlighted the potential for […]

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 […]

The International Trade Council is pleased to report on the signing of a significant Free Trade Agreement (FTA) between the Philippines and South Korea. This momentous occasion took place during the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, and is poised to strengthen economic ties and promote increased cooperation between the […]

International Trade, News, Paraguay

September 25, 2023

The International Trade Council wishes to inform stakeholders that President Santiago Pena of Paraguay has officially announced a stipulated deadline for the ongoing Mercosur-European Union trade negotiations. If an agreement is not reached by December 6th, Paraguay will cease participation in these talks once it assumes the bloc’s presidency from Brazil.   President Pena has […]

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 […]

International Trade, News, Thailand

September 25, 2023

The International Trade Council reports that Thai exports experienced an unexpected increase in August, marking the first uptick in 11 months, despite concerns over weak global demand. The Ministry of Commerce in Thailand stated on Tuesday that it anticipates shipments to perform well in the final quarter of the year, primarily driven by year-end orders. […]

International Trade, News

September 25, 2023

The International Trade Council reports that the prominent Mexican Automotive Industry Association (AMIA) has made an earnest appeal to the Mexican authorities. They are pressing for heightened collaboration with the United States to address the escalating “migration crisis” that the two nations are grappling with at their common border, which is now significantly impacting trade […]

International Trade, News, Thailand

September 24, 2023

The International Trade Council is pleased to announce that Thailand’s Prime Minister, Mr. Srettha Thavisin, has confirmed expectations of a significant investment from tech industry leaders Tesla, Google, and Microsoft, totaling at least $5 billion. This announcement came in the wake of Prime Minister Thavisin’s engagement with top-level executives at the recent U.N. General Assembly […]

International Trade, News

September 22, 2023

The International Trade Council acknowledges the recent remarks by U.S. Trade Representative, Ms. Katherine Tai, emphasizing the need for significant advancements within the World Trade Organization (WTO). The focal points are addressing ‘non-market’ practices and strengthening the dispute settlement mechanisms.   Ms. Tai has expressed the U.S. commitment to fostering a WTO that champions its […]

Australia, International Trade, News

September 21, 2023

The ongoing trade discussions between Australia and the European Union (EU) have hit a snag, with Australian officials emphasizing that the EU has “offered too little and asked too much”. Despite the challenges, both parties are keen on advancing the negotiations, hoping to establish a mutual understanding during the upcoming G20 trade summit in India. […]

International Trade, News, United States

September 19, 2023

U.S. President Joe Biden has signaled strong support for an economic initiative comprising two primary corridors aimed at enhancing connectivity between India, the Middle East, and Europe. This significant announcement took place on the sidelines of the G20 Leaders’ Summit held in New Delhi.   Highlights: The two corridors: An eastern corridor connecting India to […]

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 […]

International Trade, News, Southeast Asia

September 15, 2023

Cambodian Trade Experiences a 14.5% Decline Compared to Last Year Despite Minor Gains in Exports   The International Trade Council reports that Cambodia’s total trade volume for the first eight months of 2023 stands at nearly $32 billion, showing a 14.5% drop compared to the same timeframe last year. This decline comes despite a modest […]

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 […]