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Archive for the ‘International Trade’ Category

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 Ã‚Â – 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 […]

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 ChinaÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢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 Ã‚Â 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 […]

ITC Announces Government Partners for 2023 Go Global Awards

International Trade, News

June 8, 2023

The International Trade Council is delighted to declare the addition of several partners to the 2023 Go Global Awards set to take place in Providence, Rhode Island, from November 6-8, 2023. Building on the success of last year’s event in Estonia, held in association with Enterprise Estonia, we are eagerly preparing for this year’s grand […]

Prime Minister Rishi Sunak to Discuss Trade Topics with President Joe Biden in the United States

International Trade, News, United States

June 7, 2023

The International Trade Council is delighted to announce that Prime Minister Rishi Sunak is embarking on a significant visit to the United States where he is anticipated to discuss various trade-related subjects with President Joe Biden, among them, the President’s landmark green industry investment package. On his journey to Washington DC, Mr. Sunak expressed reservations […]

ITC welcomes 51 new corporate members

International Trade, News

June 3, 2023

The International Trade Council (ITC) proudly announces a significant expansion to its influential network with the addition of 51 new corporate members during the week ending on June 2, 2023. Our new affiliates represent a broad spectrum of industries and come from 21 diverse countries including Australia, Bangladesh, Canada, Chile, China, Egypt, Finland, Germany, India, […]

International Trade Council Expresses Concern Over Russian PM’s Visit to China

China, International Trade, News

May 23, 2023

The International Trade Council (ITC) is carefully monitoring the visit of Russian Prime Minister Mikhail Mishustin to China this week, where he is set to meet with Chinese President Xi Jinping and participate in a series of infrastructure and trade agreements. This meeting comes amid increasing global concerns over Russia’s ongoing aggression in Ukraine. Mishustin’s […]

International Trade Council Responds to Us President’s Veto on Solar Panel Tariffs

International Trade, News, United States

May 17, 2023

The International Trade Council (ITC) acknowledges US President Joe Biden’s recent decision to veto a resolution by Congress seeking to re-establish tariffs on solar panel imports from Southeast Asia. This decision puts to rest an ongoing dispute about whether to penalize China for possible trade violations that circumvent US rules restricting imports of inexpensive Asian-made […]

International Trade Council Welcomes New Members in Pursuit of Global Business Excellence

International Trade, News

May 7, 2023

Singapore, 8th May 2023 Ã‚Â ÃƒÂ¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬” The International Trade Council (ITC) is delighted to announce the addition of Ã‚Â 135 Ã‚Â new members who have joined the esteemed organization within the last seven days. These forward-thinking businesses have taken a significant step towards fostering international trade, expanding their global footprint, and leveraging the numerous benefits offered by the […]

Advocating for Resilience and Integration in Sub-Saharan Africa

Africa, International Trade, News

May 2, 2023

The International Trade Council (ITC) has today highlighted concerns over potential economic implications for Sub-Saharan Africa amid escalating geopolitical tensions. In a scenario of global bifurcation into two isolated trading blocs centered around the United States/European Union and China, Sub-Saharan Africa could experience a permanent decline of up to 4% of real GDP after a […]

Hungary Implements Temporary Import Ban on Select Ukrainian Agricultural Products

Europe, International Trade, News, Ukrain

April 19, 2023

The International Trade Council wishes to inform its members and relevant stakeholders that Hungary has implemented a temporary ban on imports of honey, certain meat products, and grains from Ukraine, effective immediately until June 30, 2023. This decision follows the European Commission’s announcement of emergency preventive measures for wheat, maize, sunflower seeds, and rapeseed imports […]

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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.