Archive for the ‘News’ Category

Europe, News, Trade Agreements

September 29, 2021

The International Trade Council is pleased to announce that the European Council has approved a 5 billion-euro ($5.8 billion) reserve to help EU businesses navigate the short-term effects of Brexit. This fund aims to cover additional costs and compensate losses resulting from the United Kingdom’s withdrawal from the 27-nation trade bloc.   Brexit has significantly […]

News, Trade Agreements

September 17, 2021

China’s recent application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has been viewed as a significant development by the International Trade Council. The CPTPP was originally established by the US as a counterbalance to China’s growing influence in the Asia-Pacific region. The 2018 agreement was signed by 11 countries including Australia, […]

Supply Chain

September 15, 2021

India’s Ministry of Mines issued its Responsible Minerals Sourcing Guidelines in August 2021, marking a significant step in the country’s effort to align its mineral procurement practices with global expectations on conflict minerals. The guidelines target the responsible sourcing of tin, tantalum, tungsten, and gold (3TG minerals), and they are already beginning to influence the […]

Supply Chain

September 1, 2021

The issuance of U.S. Executive Order 14017 in February 2021 signaled a pivotal moment in national industrial policy, mandating a comprehensive review of the semiconductor supply chain to identify and mitigate vulnerabilities. In the months following the Executive Order, both foundries and original equipment manufacturers (OEMs) have been under increasing pressure to map their supplier […]

Supply Chain

August 15, 2021

The EU Taxonomy Regulation, effective as of June 2020, introduced a transformative shift in how large corporations must categorize their economic activities with respect to sustainability. By 2021, as companies began grappling with the operational realities of compliance, supply-chain managers found themselves facing an increasingly complex landscape. The Regulation’s scope, though framed around environmental objectives […]

Supply Chain

August 1, 2021

Australia’s National Waste Policy Action Plan, published in December 2019, marked a significant turning point in the country’s approach to waste reduction and resource recovery. As part of its strategic objectives, the Plan established a clear mandate for consumer-goods companies to engage with circular economy principles, with a strong focus on reducing packaging waste, increasing […]

Supply Chain

July 1, 2021

The enforcement of the EU Directive on single-use plastics from July 3, 2021 marked a turning point in the regulation of packaging materials and their environmental footprint across the bloc. For retailers, the Directive introduced both compliance challenges and opportunities to enhance packaging supply-chain transparency through systematic tracking and disclosure. Retailers were called upon to […]

Supply Chain

July 1, 2021

The passage of the 2020 U.S. Farm Bill in December 2020 introduced significant measures to enhance supply chain traceability for critical agricultural commodities, particularly dairy and soybean products. Among the reforms was a strengthened mandate for transparency in crop insurance data, which aimed to provide greater visibility into indemnity payments, yield trends, and farm-level production […]

International Trade, News

June 17, 2021

2021 Go Global Awards Judging Panel Announced   For Immediate Distribution Washington, DC (USA). The International Trade Council (www.tradecouncil.org) is pleased to announce the 2021 panel of judges for the upcoming Go Global Awards. The annual awards program, officially taking place from late July onwards, will see fourteen new judges this year, reviewing applications from […]

Supply Chain

June 15, 2021

The release of India’s Draft National Logistics Policy in December 2020 signaled a significant shift in the country’s approach to modernizing its supply chains, with a strong emphasis on digital integration and transparency. A core feature of the policy was the advancement of open freight data initiatives, aimed at streamlining containerized cargo movements and enhancing […]

The International Trade Council (ITC) welcomes the recent post-Brexit trade agreement between the UK, Norway, Iceland, and Liechtenstein, which will greatly benefit trade between the four non-EU nations, already valued at £21.6bn. The UK’s international trade secretary, Liz Truss, said the deal would be “a major boost for our trade…while supporting jobs and prosperity in […]

The International Trade Council (ITC) welcomes the recent virtual meeting between the top trade negotiators of the United States and China. Katherine Tai, the US Trade Representative, and Chinese Vice Premier Liu He had “candid, pragmatic, and constructive exchanges with an attitude of equality and mutual respect” according to a statement released by the Chinese […]