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Archive for the ‘International Trade’ Category

U.S. Deputy Secretary of Commerce Concludes Successful Cybersecurity Trade Mission to East Asia

International Trade, News, United States

October 4, 2023

From September 20 to 26, U.S. Deputy Secretary of Commerce Don Graves led a delegation of 15 American companies on a Cybersecurity Trade Mission to the Republic of Korea and Japan. This mission followed President Biden’s Trilateral Summit with President Yoon of Korea and Prime Minister Kishida of Japan. During his visit to Seoul, Deputy […]

Global Health Equity and Trade Discussed at John Snow Society Lecture

International Trade, News

October 3, 2023

In a recent address at the John Snow Society’s Pumphandle Lecture, Dr. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), highlighted the critical intersection of global health equity and international trade. Dr. Okonjo-Iweala discussed the role of trade in addressing health challenges and emphasized the need for a collaborative approach to ensure equitable […]

Japan Implements Restrictions on Used Car Exports to Russia, Impacting a Significant Trade

International Trade, Japan, News, Russia

October 1, 2023

TOKYO (International Trade Council) – Japan has recently taken measures to limit the export of used cars to Russia, significantly impacting an industry worth nearly $2 billion annually. This trade had thrived amidst the backdrop of ongoing international sanctions related to the Ukraine conflict, as evidenced by trade data and market participants.   In early […]

Thailand’s Prime Minister Envisions Expanding Free Trade Agreements to Boost Foreign Investments

International Trade, News, Thailand

September 28, 2023

Thailand’s newly-appointed Prime Minister, Srettha Thavisin, announced a series of forward-looking measures aimed at solidifying Thailand’s position as a leading destination for foreign investments. This includes the ambitious endeavor of expanding the nation’s existing Free Trade Agreements (FTAs) portfolio.   Addressing a key forum today, Prime Minister Srettha shed light on his vision to upgrade […]

China Appeals to U.S. to Reevaluate Restrictions on Tech Sector Investments

China, International Trade, News, United States

September 28, 2023

The International Trade Council reports that China’s chief trade body has made a formal appeal to the United States, urging a thoughtful reevaluation of recent restrictions targeting investments in China’s technological domain.   Last month, U.S. President Joe Biden ratified an executive order barring or curbing investments into Chinese ventures, notably in pivotal sectors such […]

WTO Members Engage in Informal Talks on Trade and Industrial Policy

International Trade, News

September 26, 2023

In a dedicated effort towards the reform of the World Trade Organization (WTO), members convened for an informal retreat at the organization’s headquarters on September 25-26. This retreat served as a platform for focused discussions on trade and industrial policy, aiming to facilitate deliberations on the intersection between trade and industrial policy and to identify […]

German Export Sentiment Records Three-Year Low

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’s President Lula Explores Trade Opportunities with Vietnam

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 […]

UK Forges Trade Understanding with Washington State, Sets Sights on Florida, Signaling Robust State-Level Trade Engagement

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 […]

Philippines and South Korea Forge Transformative Free Trade Agreement

International Trade, News, Philippines, South Korea

September 25, 2023

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 […]

Paraguay Sets December Deadline for Mercosur-EU Trade Talks

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 […]

Britain Forges Trade Agreement with Washington State, Gears Up for Florida

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 […]

Thailand’s August Exports Show Unexpected Increase Amid Global Demand Concerns

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. […]

Mexican Auto Industry Calls for Swift Border Crisis Resolution Amid Trade Concerns

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 […]

Thailand Anticipates Major Investment from Leading Tech Giants Tesla, Google, and Microsoft

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 […]

Reformation Urged for World Trade Organization’s Handling of Non-Market Practices and Dispute Settlement

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 […]

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Important Disclaimer: The International Trade Council is not affiliated in any way with the International Trade Centre. The International Trade Centre is a joint subsidiary organ of the United Nations (acting through UNCTAD) and the World Trade Organization. The International Trade Council is an independent peak-body chamber of commerce acting on behalf of its member businesses and governments. If you are looking for the International Trade Centre, please visit www.intracen.org.