🎄 Season's Greetings from the International Trade Council! 🎄

Please note that our offices will be closed from 20th December 2024 and will reopen on 6th January 2025.

We wish you a joyful holiday season and a prosperous New Year! Thank you for your continued support, and we look forward to assisting you in 2025.

Warm regards,
The International Trade Council Team

Archive for the ‘News’ Category

India, International Trade, News

October 28, 2024

As India embarks on an ambitious journey toward renewable energy, the country is strategically positioning itself to enhance its trade in critical minerals essential for this transition. The Institute for Energy Economics and Financial Analysis (IEEFA) has identified a tremendous opportunity for growth, highlighting the need for India to develop a well-formulated strategy to meet […]

Thailand’s export sector continues to show promising growth, with a 1.1% year-on-year increase in September, totaling $25.98 billion. The country’s Trade Policy and Strategy Office (TPSO) forecasts a 2% annual growth, fueled by a favorable global economic landscape, rising demand for Thai products, and easing inflation in key markets like Europe and the United States. […]

Swiss companies are accelerating their investments in India, spurred by a new $100 billion regional trade deal that promises to strengthen ties and open new avenues for growth in the dynamic Indian market. The anticipated Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) is set to simplify access […]

Vietnam and the United Arab Emirates (UAE) have embarked on a new chapter in their trade relationship, finalizing a Comprehensive Economic Partnership Agreement (CEPA) that paves the way for increased cooperation and mutual growth. Signed by Vietnamese Prime Minister Pham Minh Chinh in Dubai, this agreement is Vietnam’s first free-trade agreement with a Middle Eastern […]

Agricultural Trade, News, Turkey

October 27, 2024

Turkey is celebrating a remarkable achievement in its hazelnut industry, solidifying its status as a leading exporter to China. According to reports, the 2023/24 hazelnut production season has yielded impressive results, with exports reaching 303,458 metric tons. This outstanding performance has resulted in an export value of $2.349 billion, reflecting a robust increase of 30.9% […]

The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is excited to announce an anticipated 5% growth in semiconductor exports for 2025. This positive projection comes despite current challenges, highlighting the resilience of the sector and its critical role in global trade. SEIPI President Danilo C. Lachica shared insights during the 13th Arangkada […]

China, International Trade, News

October 25, 2024

The European Union and China are taking significant steps toward enhancing their trading relationship through continued technical negotiations on electric vehicles (EVs). Both parties are exploring innovative alternatives to the tariffs set to be imposed on China-made EVs, with the aim of fostering a more cooperative and beneficial trade environment.   In a recent video […]

British Finance Minister Rachel Reeves recently highlighted the enduring strength of the U.S.-UK trade relationship, emphasizing its importance for both nations. In an interview with Reuters during the International Monetary Fund (IMF) and World Bank annual meetings in Washington, Reeves expressed optimism about the future of trade between the two countries.   “The U.S. remains […]

Agricultural Exports, News, Turkey

October 24, 2024

In an exciting development for Turkey’s agricultural sector, the country has achieved a significant milestone by exporting fruits valued at over $1 billion to 114 countries in just the first nine months of 2024. This impressive achievement not only showcases the quality and competitiveness of Turkish fruits but also underscores the sector’s pivotal role in […]

Economic Development, Germany, News

October 24, 2024

Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

Agricultural Exports, Kazakhstan, News

October 24, 2024

Kazakhstan is poised to bolster its grain and wheat exports after an outstanding harvest this year. With over 16.7 million hectares of cereals sown, the country has completed 99.7% of its harvesting, yielding an impressive 26.5 million tons of grain. This achievement not only highlights Kazakhstan’s agricultural capabilities but also sets the stage for increased […]

Brazil, News, Trade Relations

October 24, 2024

G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

News, Switzerland, Trade Policy

October 24, 2024

An exciting opportunity is unfolding in Geneva, where 27 government officials from developing and least-developed countries are participating in the Advanced Trade Policy Course from October 14 to December 6. This eight-week program, organized by the WTO, aims to empower participants with essential knowledge of international trade and enhance their understanding of WTO agreements and […]

Agricultural Exports, Chile, News

October 22, 2024

Chilean grape exports are gearing up for a successful season, with the Chilean Table Grape Committee forecasting an impressive export crop of 66 million cartons for the 2024/25 season, reflecting a 2.4% increase compared to the previous year. This growth showcases the resilience and adaptability of Chile’s agricultural sector, with estimates based on approximately 85% […]