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 […]
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 […]
The International Trade Council has expressed concern over China’s decision to “indefinitely” suspend key economic dialogue with Australia, calling it the latest in a growing diplomatic rift between both countries. This move has escalated tensions between Australia and China, which have been on the decline since Australia called for a probe into the origins of […]
The U.K. Future Generations Bill, introduced in draft form in November 2020, aims to weave long-term sustainability into the fabric of public policy. Although the bill was still making its way through Parliament during 2021, its draft guidance was already shaping how public procurement frameworks were evolving and how businesses, especially SMEs, were positioning themselves […]
The International Trade Council has hailed the European Parliament’s decision to ratify the post-Brexit EU-UK Trade and Cooperation Agreement (TCA) as a key move to ensure tariff- and quota-free trade continues between the two sides. MEPs voted overwhelmingly in favour of the deal by 660 votes to 5, while 32 abstained. The TCA has been […]
The 2021 National Defense Authorization Act marked another step in the ongoing attempt to untangle U.S. defense supply chains from strategic dependencies that could compromise national security. Nowhere is this more visible than in the field of rare earth elements (REEs). These critical minerals underpin everything from missile guidance systems to communications gear. And yet, […]
The International Trade Council is pleased to report the clearance of all remaining vessels stranded as a result of the Ever Given grounding incident in the Suez Canal. The Suez Canal Authority has confirmed that the last of the 61 ships caught in the aftermath of the grounding were able to pass the canal on […]
The adoption of the EU Taxonomy Regulation’s delegated acts in April 2021 represented a turning point in how financial institutions are expected to engage with sustainability within their portfolios. While the taxonomy itself had been in force since mid-2020, these delegated acts added the critical operational detail necessary for firms to begin aligning their lending […]
The International Trade Council announces potential long-term disruptions at European ports resulting from the recent six-day blockage in the Suez Canal by the Ever Given vessel. Despite the successful freeing of the ship, there may be months of residual impact on shipments arriving in the EU. According to the Port of Antwerp, Europe’s second busiest […]
The International Trade Council has reported that an estimated $9.6bn ( £7bn) worth of goods are held up every day due to the stranded Ever Given mega-container ship in the Suez Canal. The canal is a vital passageway between the East and West, with approximately 12% of total global trade moving through it. Shipping expert […]
Abu Dhabi Investment Fund Mubadala has committed to investing £800 million in the UK’s life sciences sector over five years, marking the first of what could be several billion pounds of investments in the UK. Abu Dhabi is also reportedly planning to invest heavily in British health, tech, green energy, and infrastructure. The exact size […]
The Republic of Ireland recorded a 65% decrease in British imports, resulting in almost â‚ ¬1bn ( £856m) less of British goods in January 2021, in contrast to the same period last year, according to the Central Statistics Office of Ireland. The decline was even steeper for food imports, which plummeted by 75%, marking a […]
The introduction of Canada’s Sustainable Jobs Act, known as Bill C-12, back in June 2020 set the stage for a legislative framework that aims to guide the country through the complexities of a just transition toward a low-carbon economy. While the bill is still pending passage, the expectations it has already generated are shaping decisions […]
The International Trade Council (ITC) welcomes the decision by the United States and the European Union to temporarily suspend the tariffs on each other’s goods, which were imposed as retaliation over subsidies provided to Airbus and Boeing, respectively. The four-month suspension, which affects billions of dollars’ worth of goods, including wine, cheese, and tractors, comes […]
Sydney, 1 March 2021 – The International Trade Council (ITC) expresses its concern over the recent 61% drop in Chinese investment in Australia in 2020, marking a six-year low. The drop comes amid growing diplomatic tensions between the two countries, and signals a major challenge to Australia’s economy, which has long benefited from Chinese investment. […]
With the Royal Assent of the U.K. Environment Bill on November 9, 2020, attention has turned swiftly to the practicalities of implementation. The bill represents one of the most significant overhauls of environmental governance in the United Kingdom in decades. While much of the public focus has been on biodiversity, air quality, and water management, […]