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Archive for the ‘News’ Category

International Trade Council Welcomes the Historic ‘atlantic Declaration’ Between US and Uk

International Trade Agreements, News, United Kingdom, United States

June 9, 2023

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, […]

ITC Extends Support for Ukraine’s Recovery at the Ukraine Recovery Conference 2023

News, Trade Relations, Ukrain

June 9, 2023

The International Trade Council (ITC) is honored to announce its participation in the Ukraine Recovery Conference (URC) 2023, slated to take place in London from June 21-22. This esteemed conference, co-hosted by the UK and Ukraine, marks an essential step in rallying international support for Ukraine’s post-conflict recovery. Continuing the cycle of annual events, this […]

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 […]

European Commission Initiates Legal Proceedings Against Poland over “Russian Influence” Law

Europe, News, Political Affairs

June 7, 2023

The International Trade Council brings to light the European Commission’s launch of legal proceedings against Poland concerning a contentious law centered around a unique committee set up to probe alleged “Russian influence” within Poland. “This law could potentially be utilized to target opposition politicians during the run-up to Poland’s forthcoming general elections,” said Valdis Dombrovskis, […]

International Trade Council Addresses Cbp’s Enforcement Shift to Type 86 Entries

News, Trade Compliance

June 6, 2023

The International Trade Council (ITC) has noted the U.S. Customs and Border Protection’s (CBP) decision to prioritize enforcement measures on Type 86 entries. The shift comes in response to the escalating usage of this relatively new entry type for de minimis shipments and the corresponding rise in related violations. According to CBP’s James Moore, speaking […]

Honduran President to Visit China to Strengthen Economic Ties

China, International Relations, News

June 5, 2023

The International Trade Council (ITC) acknowledges the upcoming visit of Honduran President Xiomara Castro to China, as part of Honduras’s efforts to enhance its relations with Beijing and pursue economic opportunities.   President Castro’s visit, scheduled from June 9 to 13, comes at the invitation of President Xi Jinping and signifies the growing cooperation between […]

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, […]

New Foreign Direct Investment Screening Regime Implemented in the Netherlands

Foreign Direct Investment, News

June 1, 2023

The Netherlands has enacted a comprehensive foreign direct investment (FDI) screening mechanism through the Security Screening of Investment, Mergers and Acquisitions Act (Wet Veiligheidstoets investeringen, fusies en overnames) (“the FDI Act”), effective since June 1, 2023. This new regime introduces mandatory notifications for investments in target undertakings operating in designated vital sectors and sensitive technologies […]

Armenia’s Role in the Iran-EEU Free Trade Agreement

Iran, News, Trade Agreements

May 31, 2023

The International Trade Council (ITC) notes with interest the upcoming implementation of the free trade agreement between Iran and the Eurasian Economic Union (EEU). This agreement is anticipated to bring significant privileges to Armenia for various products, particularly food commodities, as mentioned by Armenia’s Minister of Economy, Vahan Kerobyan.   While challenges persist in exporting […]

International Trade Council Applauds Implementation of UK’s Post-Brexit Trade Deals with Australia and New Zealand

Australia, New Zealand, News

May 31, 2023

The International Trade Council (ITC) enthusiastically welcomes the entry into force of the UK’s post-Brexit trade agreements with Australia and New Zealand. These treaties, while garnering diverse views, signify a significant move for the UK as an independent trading nation, as they represent the first deals to come into force following Britain’s exit from the […]

Australia’s Modern Slavery Act (2018) – First Auditor General’s Report (2022)

Supply Chain

May 31, 2023

Australia’s Modern Slavery Act (2018) – First Auditor General’s Report (2022)

When Australia’s Modern Slavery Act came into force in 2018, it was heralded as a major step toward eradicating forced labor and exploitation from corporate supply chains. Yet, as with many such regulatory frameworks, the real test came later—when companies began filing statements and regulators assessed whether those statements amounted to more than just well-meaning […]

International Trade Council Observes Significant Developments at South America Summit

News, Trade Agreements

May 30, 2023

The International Trade Council (ITC) is closely following the South American Summit held in Brasilia, Brazil. The summit, led by Brazilian President Luiz Inacio Lula da Silva, marks a historic gathering of leaders and representatives from twelve South American nations. The main focus of this significant gathering appears to be the revival and strengthening of […]

ITC welcomes 136 new corporate members

Economic Development, News

May 27, 2023

May 27, 2023 – The International Trade Council (ITC) enthusiastically welcomes the addition of 136 new corporate members during the week ending on 26th May, marking a significant milestone in the expansion of its global network. Our latest entrants come from an array of industries and a truly global footprint, originating from 43 diverse countries […]

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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.