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Archive for the ‘News’ Category

International Trade Council Urges Dialogue to Resolve Mexico-US Dispute over GM Corn

Agricultural Trade, Mexico, News, United States

November 30, 2022

The International Trade Council (ITC) acknowledges the ongoing commercial dispute between Mexico and the United States concerning Mexico’s ban on imports of genetically modified (GM) yellow corn. The ITC urges both parties to engage in constructive dialogue to find a mutually beneficial resolution to the issue. Mexico’s President, AndrÁ ©s Manuel LÁ ³pez Obrador, has […]

Canada’s Women’s Empowerment Principles (WEPs, 2017) – Supply Chain Gender Transparency (2022)

Supply Chain

November 30, 2022

Canada’s Women’s Empowerment Principles (WEPs, 2017) – Supply Chain Gender Transparency (2022)

When Canada’s Procurement Strategy for Aboriginal Business and the wider federal supplier diversity framework incorporated enforcement of the Women’s Empowerment Principles (WEPs) reporting requirements in 2022, it represented a quiet but significant shift in the landscape of supply-chain accountability. These principles, adopted back in 2017 and often seen as aspirational guidelines, took on a more […]

Australia Ratifies Free Trade Agreements with India and Britain

Australia, News, Trade Agreements

November 22, 2022

The International Trade Council is delighted to announce that the Australian Parliament has passed bilateral free trade agreements with India and Britain. This important step will enable both Australia and its partner nations to diversify their trade relations, as Australia seeks alternatives to the Chinese market and Britain continues to establish new bilateral trade partnerships […]

Continued Support for Ukraine’s Grain Export: Extension of the Black Sea Grain Initiative

Agricultural Trade, News, Ukrain

November 17, 2022

The International Trade Council is pleased to announce that the agreement enabling safe and secure export of grain, foodstuff, and fertilisers from Ukraine has been extended for an additional four months.   The Black Sea Grain Initiative, a cooperative venture involving Ukraine, Russia, Turkey, and the United Nations, has proven crucial in curbing the global […]

US Chip Shortage Executive Order (EO 14017, Feb 2021) – Semiconductors Supply Chain Mapping (2022)

Supply Chain

November 16, 2022

US Chip Shortage Executive Order (EO 14017, Feb 2021) – Semiconductors Supply Chain Mapping (2022)

The Biden Administration’s Executive Order 14017, issued in February 2021, came at a moment of acute concern over the resilience of the United States’ semiconductor supply chain. It was not just a reaction to the visible disruptions that dogged the auto sector, consumer electronics, and even defense contractors as the pandemic rippled through global manufacturing. […]

ITC Acknowledges Australian Prime Minister’s Efforts to Address Trade “Blockages” with China

China, News, Trade Policy

November 15, 2022

The International Trade Council (ITC) commends the Australian Prime Minister, Anthony Albanese, for raising concerns about trade “blockages” with Chinese President Xi Jinping during their recent face-to-face meeting on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia.   The bilateral meeting between the leaders of Australia and China marks an important step […]

EU Directive on Corporate Governance (Non-Financial Reporting, 2013) – 2022 Compliance Update

Supply Chain

November 2, 2022

EU Directive on Corporate Governance (Non-Financial Reporting, 2013) – 2022 Compliance Update

The EU’s Non-Financial Reporting Directive (NFRD), in force since 2013, has been something of a slow-burn regulatory force. For much of its early existence, companies affected by it—large public-interest entities mainly—treated the obligation as a disclosure exercise that could be satisfied by assembling environmental, social, and governance (ESG) information in a fairly general way. There […]

Australia’s National Plastics Plan (2021) – Data Transparency Pilot (2022)

Supply Chain

October 19, 2022

Australia’s National Plastics Plan (2021) – Data Transparency Pilot (2022)

Australia’s National Plastics Plan, first introduced in 2021, has always had an ambitious edge, though some would argue its ambition has at times outpaced the practical tools available to those on the front lines of implementation. The 2022 open-data pilot, launched quietly but with considerable significance, marked the government’s first real push to operationalize transparency […]

US Tariff Act Amendments (2021) – Expanding Section 301 Supply Chain Disclosures (2022)

Supply Chain

October 5, 2022

US Tariff Act Amendments (2021) – Expanding Section 301 Supply Chain Disclosures (2022)

The 2021 amendments to the US Tariff Act didn’t exactly make headlines the way that sweeping trade agreements or high-profile tariff battles do. Yet, for economists, policymakers, and—critically—supply chain professionals, these changes have quietly reshaped how firms are expected to document and disclose the knock-on effects of Section 301 tariffs. The amendments introduced a novel […]

Canada’s Bill C-9 (Labour Mobility, 2018) – Temporary Foreign Worker Supply Chains (2021–2022)

Supply Chain

September 7, 2022

Canada’s Bill C-9 (Labour Mobility, 2018) – Temporary Foreign Worker Supply Chains (2021–2022)

Canada’s Bill C-9, enacted in June 2018, quietly but decisively reshaped how the country approaches labour mobility, particularly in relation to the Temporary Foreign Worker (TFW) Program. It’s a piece of legislation that, while perhaps lacking the headline-grabbing profile of more contentious policy changes, has had a deep impact on the agricultural and technology sectors. […]

US Executive Order 14067 (Feb 2022) – Crypto Asset Supply Chain Transparency (2022)

Supply Chain

August 24, 2022

US Executive Order 14067 (Feb 2022) – Crypto Asset Supply Chain Transparency (2022)

In February 2022, Executive Order 14067 was signed, marking a significant pivot in how the United States government approaches digital assets and the ecosystems that underpin them. Much of the immediate media focus fell, understandably, on its implications for consumer protection, financial stability, and the potential development of a central bank digital currency. But tucked […]

EU Conflict Minerals Regulation (2021) – First Amendment Impact (2022)

Supply Chain

August 10, 2022

EU Conflict Minerals Regulation (2021) – First Amendment Impact (2022)

The European Union’s Conflict Minerals Regulation, which came into force in January 2021, was already considered by many to be a landmark in the global effort to reduce the trade in minerals that fund violence and human rights abuses. But as with so many regulatory frameworks, the first year of implementation revealed gaps—practical ambiguities that […]

US Senate Passes Comprehensive Climate, Tax, and Healthcare Legislation

News, Trade Policy, United States

August 8, 2022

The International Trade Council (ITC) recognizes the recent approval of a $700bn ( £577bn) economic package by the US Senate, encompassing major legislation on healthcare, tax, and climate change. This comprehensive bill seeks to decrease the cost of certain medications, elevate corporate taxes, and reduce carbon emissions. The passage of the bill, a cornerstone of […]

International Trade Council Addresses China’s Trade Restrictions Against Taiwan

China, News, Trade Policy

August 3, 2022

The International Trade Council is concerned about the recent trade restrictions imposed by China on Taiwan. In response to Nancy Pelosi’s visit to Taiwan, Chinese commerce and customs authorities announced on Wednesday that they would halt exports of sand, imports of Taiwanese citrus fruit, and some types of fish.   The Council recognizes China’s status […]

US Cybersecurity Disclosure Act (2022) – Supply Chain Risk Reporting (2022)

Supply Chain

July 27, 2022

US Cybersecurity Disclosure Act (2022) – Supply Chain Risk Reporting (2022)

When the US Cybersecurity Disclosure Act was signed into law in March 2022, many in the policy and business communities welcomed it as both overdue and, frankly, daunting. The Act’s core requirement—that companies report significant supply-chain-related cybersecurity incidents—was born of growing concern over vulnerabilities that ripple outward from seemingly minor nodes in complex vendor networks. […]

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