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Archive for the ‘News’ Category

The EU Adopts 5 Billion-Euro Brexit Reserve to Support Businesses

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 […]

Press Release from the International Trade Council – Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

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, […]

India’s Responsible Minerals Sourcing Guidelines (Aug 2021) – Early Supply Chain Impact

September 15, 2021

India’s Responsible Minerals Sourcing Guidelines (Aug 2021) – Early Supply Chain Impact

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 […]

U.S. Executive Order 14017 (Feb 2021) – Semiconductor Supply Chain Transparency

September 1, 2021

U.S. Executive Order 14017 (Feb 2021) – Semiconductor Supply Chain Transparency

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 […]

EU Taxonomy Regulation (June 2020) – Supply Chain Environmental Reporting (2021)

August 15, 2021

EU Taxonomy Regulation (June 2020) – Supply Chain Environmental Reporting (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 […]

Australia’s National Waste Policy Action Plan (Dec 2019) – Circular Supply Chain Initiatives (2021)

August 1, 2021

Australia’s National Waste Policy Action Plan (Dec 2019) – Circular Supply Chain Initiatives (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 […]

U.S. Uyghur Forced Labor Prevention Act (Passage Feb 2021) – Preliminary Implementation Strategies

July 15, 2021

U.S. Uyghur Forced Labor Prevention Act (Passage Feb 2021) – Preliminary Implementation Strategies

The passage of the U.S. Uyghur Forced Labor Prevention Act (UFLPA) in February 2021 represented a decisive escalation in legislative efforts to eliminate forced labor from U.S.-bound supply chains. With an effective date of June 17, 2022, the Act established a rebuttable presumption that any goods produced wholly or in part in the Xinjiang Uyghur […]

EU Directive on Single-Use Plastics (July 2021) – Enhancing Packaging Supply Chains

July 1, 2021

EU Directive on Single-Use Plastics (July 2021) – Enhancing Packaging Supply Chains

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 […]

U.S. Farm Bill 2020 (Passage Dec 2020) – Supply Chain Traceability for Dairy and Soy (2021)

July 1, 2021

U.S. Farm Bill 2020 (Passage Dec 2020) – Supply Chain Traceability for Dairy and Soy (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 […]

2021 Go Global Awards Judging Panel Announced

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 […]

India’s Draft National Logistics Policy (Dec 2020) – Strengthening Supply Chain Transparency (2021)

June 15, 2021

India’s Draft National Logistics Policy (Dec 2020) – Strengthening Supply Chain Transparency (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 […]

International Trade Council welcomes UK’s trade deal with Norway, Iceland, and Liechtenstein

News, Trade Agreements, United Kingdom

June 4, 2021

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 Ã‚Â£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 […]

President Biden expands US investment ban on Chinese firms

International Trade, News, United States

June 3, 2021

Washington, DC – US President Joe Biden has signed an executive order banning Americans from investing in 59 Chinese tech and defence firms, including communications giant Huawei. This expands the previous list of 31 firms to include surveillance companies, ensuring that US persons are not financing the military industrial complex of the People’s Republic of […]

International Trade Council commends the ‘candid and pragmatic’ meeting between US and China trade officials

International Trade, News, United States

May 27, 2021

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 […]

EU Renovation Wave Strategy (Oct 2020) – Building Material Supply Chain Transparency (2021)

May 15, 2021

EU Renovation Wave Strategy (Oct 2020) – Building Material Supply Chain Transparency (2021)

The European Union’s Renovation Wave Strategy, announced in October 2020, set out a highly ambitious vision for transforming the region’s building stock. At its core lies the intention not just to improve the energy performance of homes, offices, and public buildings, but to do so in a manner that aligns with the broader objectives of […]

International Trade Council Calls for Resolution in China-Taiwan Pineapple Dispute

China, News, Taiwan, Trade Relations

May 6, 2021

The International Trade Council (ITC) expresses concern over the recent ban imposed by China on Taiwanese pineapple imports, which has led to a significant economic dispute between the two countries. Taiwan, one of the largest producers of pineapples in the world, has been exporting almost all of its pineapples to China. The move by China […]

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