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Archive for the ‘International Trade’ Category

France and Germany Unite to Enhance Industrial Transformation and Support EU Probe into Chinese EVs

Europe, International Trade, News

September 14, 2023

Geneva — In a resolute display of unity, France and Germany have reaffirmed their commitment to bolstering cooperation on industrial transformation and defending the European Union (EU) against unlawful trade practices. In response to the EU Commission’s announcement of an investigation into Chinese state support for electric vehicles (EVs), the Economy Ministers of both countries, Robert […]

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 […]

Hungary, in Coordination with Neighboring Countries, Signals National Ban on Ukrainian Grain Imports Beyond September 15

Europe, International Trade, News

September 14, 2023

In an effort to safeguard their markets, Hungary, in cooperation with neighboring countries Romania, Slovakia, and Bulgaria, has signaled its intent to impose a national ban on Ukrainian grain imports should the European Union (EU) fail to extend the existing ban set to expire on September 15, as announced by Hungary’s Farm Minister. The […]

Istanbul Hosts 12th Meeting of OTS Ministers of Economy and Trade, Uniting Turkic Nations for Economic Cooperation

International Trade, News, Turkey

September 14, 2023

Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters. The […]

Canada Affirms Commitment to Deepen Trade Ties with Taiwan, Pursuing FIPA Agreement

Canada, International Trade, News, Taiwan

September 12, 2023

The International Trade Council acknowledges Canada’s unwavering commitment to strengthening trade relations with Taiwan, as expressed by Ed Jager, Director of Trade and Investment at the Taipei Canadian Trade Office. Mr. Jager’s remarks underscore Canada’s dedication to fostering economic collaboration and enhancing trade ties with Taiwan, reinforcing the belief that partnership and cooperation are vital […]

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, […]

Boosting India-ASEAN Economic Collaboration: Prime Minister Modi Unveils 12-Point Proposal

India, International Trade, News

September 10, 2023

The International Trade Council is pleased to report on the groundbreaking developments arising from India’s Prime Minister Narendra Modi’s participation in the 20th annual ASEAN-India summit and the 18th East Asia summit, both held in Jakarta on September 7, 2023. The Prime Minister, during his visit, introduced an extensive 12-point proposal aimed at fostering deeper […]

International Trade Council Releases Statement on Nepal’s Inaugural Import Through China Transit Arrangement

International Trade, News, South Asia

September 9, 2023

The International Trade Council recognizes Nepal’s accomplishment in successfully importing its first batch of goods via a transit arrangement with China. The transaction took place on September 7, 2023, in Kathmandu, Nepal, and marks a significant development in Nepal-China trade relations. The imported shipment consisted of 15 tons of turmeric powder from Vietnam. The […]

International Trade Council Statement on Recent BRICS Expansion

International Trade, News

September 7, 2023

The International Trade Council acknowledges the recent expansion of the BRICS group to potentially include Saudi Arabia, the United Arab Emirates, Iran, Egypt, Argentina, and Ethiopia. According to a note from S&P Global Ratings, the near-term economic impact for member countries is anticipated to be limited. S&P Global Ratings explains that their current sovereign […]

International Trade Council Participates in GTR Asia 2023; Calls for More Companies to Seize the Opportunity

International Trade, News

August 30, 2023

SINGAPORE, August 30, 2023 – The International Trade Council (ITC) proudly announces its participation in the prestigious GTR Asia 2023 event, set to be held in Singapore on September 5-6. As Asia’s leading event for the trade, treasury, commodities, and fintech sectors, this is a golden opportunity for companies worldwide to delve deep into the dynamics […]

U.S. Establishes New Investment Restrictions in China

China, International Trade, News, United States

August 29, 2023

In a recent announcement from the Biden administration, the U.S. has unveiled a new set of investment restrictions targeting certain sectors in China, Hong Kong, and Macau. Aimed primarily at safeguarding national security, these measures do not seek to hinder economic competition. The executive order comes as a result of concerns over potential transfers […]

India Explores Rupee as a Potential Instrument in International Trade

India, International Trade, News

August 23, 2023

Recent transactions have highlighted India’s exploration of the Rupee as an instrument for international trade. Notably, India has initiated trade with the United Arab Emirates (UAE) using the Rupee for oil purchases. In a key transaction, Indian Oil Corp procured one million barrels of oil from the Abu Dhabi National Oil Company using Indian […]

International Trade Council Observes US Ban on New Investments in China’s Sensitive High-Tech Industries

China, International Trade, News, United States

August 18, 2023

The International Trade Council is taking note of the recent development concerning a ban issued by President Joe Biden in August, restricting new US investments in China’s high-tech sectors, specifically targeting artificial intelligence (AI), advanced semiconductors, and quantum information technologies. This policy encompasses various forms of investment, such as indirect investments, private equity, venture capital, […]

East African Wheat Supply Influenced by Global Trade Shifts, States WFP

Africa, International Trade, News

August 16, 2023

The International Trade Council acknowledges the recent data shared by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The figures presented indicate that the United States’ trade deficit in goods and services stood at $65.5 billion in June, marking a decrease of $2.8 billion from the revised $68.3 billion reported in May. […]

India and UAE Opt to Settle Crude Oil Transactions in National Currencies

India, International Trade, News, United Arab Emirates

August 15, 2023

India and the United Arab Emirates (UAE) have decided to settle crude oil transactions using their national currencies: the Indian rupee and the UAE dirham. This move follows the Memorandum of Understanding (MoU) that was signed when Prime Minister Narendra Modi visited the UAE on July 15. This MoU led to the establishment of […]

34 International Trade and Investment Agencies Confirmed for the 2023 Go Global Awards: A Collaborative Summit for Global Business Expansion

International Trade, News

July 31, 2023

The International Trade Council (www.tradecouncil.org) is pleased to announce that, as of now, 34 foreign government trade and investment agency partners have confirmed their participation in the 2023 Go Global Awards. The event will be held in Providence, Rhode Island, on the 6-8th November 2023, in partnership with the Rhode Island Commerce Corporation. The participating agencies […]

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