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Archive for the ‘News’ Category

International Trade Council calls for swift resolution to EU-US data transfer dispute

Digital Trade, Europe, News, United States

July 16, 2020

The International Trade Council (ITC) is concerned by the decision of the European Court of Justice (ECJ) to strike down the EU-US Privacy Shield, which governed the transfer of EU citizens’ data to the United States. The ITC recognizes the potential negative consequences of this decision on transatlantic trade worth $7.1 trillion ( £5.6tn), and […]

Canada’s Modern Slavery Act Consultation (Jan 2020) – Preliminary Corporate Feedback (2020)

Supply Chain

July 15, 2020

Canada’s Modern Slavery Act Consultation (Jan 2020) – Preliminary Corporate Feedback (2020)

When Canada’s federal government launched its consultation on the proposed Modern Slavery Act in January 2020, few expected the volume—or the complexity—of feedback that would pour in from corporate actors, industry groups, and civil society. The submissions portal, opened with the goal of soliciting practical views on due-diligence thresholds and reporting requirements, quickly became a […]

EU Taxonomy Delegated Acts (June 2020) – Biodiversity Implications for Supply Chains

Supply Chain

July 15, 2020

EU Taxonomy Delegated Acts (June 2020) – Biodiversity Implications for Supply Chains

The June 2020 adoption of the EU Taxonomy Delegated Acts marked a subtle but decisive shift in how biodiversity considerations are expected to integrate into supply-chain management across sectors. For many agribusinesses in particular, this new regulatory architecture introduces complexities that go beyond carbon footprints or energy efficiency metrics. The biodiversity objective now requires firms […]

U.S. Section 301 Tariffs Phase 3 (Sept 2019) – Supply Chain Reconfiguration Case Studies (2020)

Supply Chain

July 1, 2020

U.S. Section 301 Tariffs Phase 3 (Sept 2019) – Supply Chain Reconfiguration Case Studies (2020)

The imposition of Section 301 Phase 3 tariffs on $200 billion worth of Chinese imports, which took effect in September 2019, triggered what can only be described as one of the most dramatic—and, in some cases, hasty—supply chain reconfigurations in recent history. Electronics manufacturers and apparel brands, already grappling with thin margins and competitive pressures, […]

EU Conflict Minerals Regulation (Effective Jan 1, 2021) – Pre-Implementation Roadmap (2020)

Supply Chain

May 15, 2020

EU Conflict Minerals Regulation (Effective Jan 1, 2021) – Pre-Implementation Roadmap (2020)

With the EU Conflict Minerals Regulation set to take effect on January 1, 2021, the preparatory period leading up to that date became a critical phase for electronics original equipment manufacturers (OEMs) and their supply-chain compliance teams. This was not the first time manufacturers had faced such regulatory obligations, of course, but the EU’s approach—with […]

Trump Signs US Mexico Canada Agreement (USMCA)

Mexico, News, Trade Agreements, United States

January 29, 2020

The International Trade Council announces that US President Donald Trump has officially signed the US Mexico Canada Agreement (USMCA), which is set to replace the 1994 North American Free Trade Agreement (NAFTA). This new trade pact brings Trump’s campaign promise to replace the existing deal between the three countries closer to reality. The USMCA aims […]

US and China Sign Deal Hopes to Ease Trade War

China, News, Trade Relations, United States

January 15, 2020

The International Trade Council announces that the United States and China have signed an agreement to ease the trade war that has impacted global markets and the world economy. US President Donald Trump called the pact “transformative” for the US economy, while Chinese leaders described it as a “win-win” deal that would foster better relations […]

China’s Economic Growth Hits 30-Year Low

China, News, Trade Agreements

January 7, 2020

The International Trade Council announces that the United States and China have signed an agreement to ease the trade war that has impacted global markets and the world economy. US President Donald Trump called the pact “transformative” for the US economy, while Chinese leaders described it as a “win-win” deal that would foster better relations […]

USMCA: Agreement Reached on NAFTA Trade Deal Replacement

News, Trade Agreements

November 10, 2019

The International Trade Council is pleased to announce that the US, Mexico, and Canada have finalized a trade deal to replace the 25-year-old North American Free Trade Agreement (NAFTA). Representatives from the three countries signed the pact in Mexico, marking a significant milestone in the renegotiation process. The agreement was reached after Democrats in the […]

The EU-Japan Trade Deal: Unveiling New Horizons for Small Businesses

Europe, Japan, News, Trade Agreements

November 4, 2019

The International Trade Council commends the remarkable progress that has been achieved through the EU-Japan Economic Partnership Agreement (EPA), often referred to as the ‘cars-for-cheese’ deal, and spotlights the significant opportunities it opens up for small and medium-sized enterprises (SMEs).   The EPA, which came into effect earlier this year, represents nearly 30% of global […]

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