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Archive for the ‘News’ Category

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 […]

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. […]

ITC Applauds Biden’s $2.3bn Climate Change Initiative

Economic Development, News

July 21, 2022

The International Trade Council (ITC) commends US President Joe Biden’s commitment to address the climate crisis, as exemplified by the announcement of a $2.3bn ( £1.9bn) investment plan to enhance infrastructure resilience against extreme weather and natural disasters.   As an organization deeply invested in fostering international trade that aligns with sustainability, the ITC supports […]

International Trade Council Applauds EU-New Zealand Free Trade Agreement

Economic Development, Europe, New Zealand, News

July 1, 2022

The International Trade Council is pleased to announce that the Go Global Awards will be held in Tallinn, Estonia in October 2022 in partnership with Enterprise Estonia. The Go Global Awards celebrate companies that drive the global economy forward through their innovative technologies and strategies. Enterprise Estonia, which won last year’s gold award for Best […]

International Trade Council Announces Canada’s Ban on Single-use Plastics as a ‘historic Step’ Towards Reducing Plastic Pollution

Canada, News

June 20, 2022

The International Trade Council (ITC) welcomes the decision of the Canadian government to ban the manufacturing and import of “harmful” single-use plastics. The new regulations, announced on 20 June 2022, will be effective from December 2023 and will prohibit the sale and import of checkout bags, utensils, food-service products with plastic that is difficult to […]

International Trade Council Highlights Key Issues at WTO’s High-Level Meeting

International Trade, News

June 12, 2022

The International Trade Council acknowledges the importance of the ongoing high-level meeting held by the World Trade Organization (WTO) — the first in 4-1/2 years — which brings together over 120 ministers from the organization’s 164 member countries. The meeting is set to address significant issues such as pandemic preparedness, food insecurity, and overfishing.   […]

US Tariff Accountability Act (2021) – Early Industry Responses (2022)

Supply Chain

June 1, 2022

US Tariff Accountability Act (2021) – Early Industry Responses (2022)

When the Tariff Accountability Act was signed into law in December 2021, it was, in many respects, a formal acknowledgment of something industry participants and economists had been pointing out for years: that tariffs, though often wielded as blunt instruments of trade policy, generate complex and sometimes unintended ripple effects throughout supply chains. The Act […]

Taiwan and US Purportedly Working on Trade Deal

Bilateral Trade Relation, News, Taiwan, United States

May 31, 2022

International Trade Council (ITC) announced that the United States and Taiwan are working on a deal to boost economic cooperation, particularly in the areas of trade, agriculture, and supply chains. The move comes after Taiwan was excluded from the US President Joe Biden’s Indo-Pacific Economic Framework (IPEF). According to sources cited by Bloomberg, the proposed […]

International Trade Council explores India-Russia Rupee-Rouble payment scheme

Bilateral Trade Relation, India, News, Russia

May 31, 2022

Mumbai, India — India is actively exploring the use of dedicated payment mechanisms for trade with Russia, including a potential Rupee-Rouble payment scheme, to enable existing trade obligations in the wake of sanctions imposed on the Kremlin. This move could also open up opportunities for Indian exporters to ramp up sales to Russia, according to […]

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