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Archive for the ‘News’ Category

WTO Grants Extension to China in Trade Dispute with Japan

China, International Trade, Japan, News

November 1, 2023

In a recent development highlighting the ongoing negotiations in International trade, the World Trade Organization (WTO) has announced an extension of the deadline for China to conform to its rules. This decision, pertaining to a dispute with Japan over anti-dumping measures concerning stainless steel products, now gives China until May 8, 2024, to align its […]

Ukraine Enhances Oversight on Food Exports to Safeguard Economic Interests

International Trade, News, Ukrain

November 1, 2023

In a move to bolster transparency and safeguard its economic interests, Ukraine has announced new regulations governing food exports. These measures, aimed at curbing potential abuses like tax evasion in the export of crucial agricultural products, were outlined in a government resolution released on Wednesday. Ukraine stands as one of the globe’s leading food […]

New Import Licensing Notification Portal Enhances Transparency and Efficiency in Global Trade

International Trade, News

November 1, 2023

In a significant development, the Committee on Import Licensing Procedures unveiled the Import Licensing Notification Portal on October 31st. This innovative digital platform marks a pivotal step towards enhancing transparency and streamlining the import licensing process within the World Trade Organization (WTO). Members of the committee can now draft and submit import notifications online, ushering […]

French President Macron Strengthens Ties with Kazakhstan Amid Evolving Geopolitical Landscape

International Relations, Kazakhstan, News

November 1, 2023

French President Emmanuel Macron embarked on a visit to Kazakhstan, marking the initial leg of his Central Asia tour. This region, traditionally considered Russia’s sphere of influence, has gained renewed Western attention in light of the Ukraine conflict. Kazakhstan, an oil-rich nation, has assumed a crucial role as a substitute crude oil supplier for […]

AGOA Forum Set to Shape Future of U.S.-Africa Trade Relations

Africa, News, Trade Relations, United States

November 1, 2023

The African Growth and Opportunity Act (AGOA), a cornerstone of U.S.-Africa trade relations since 2000, will be the focal point of discussions at the upcoming AGOA Forum in Johannesburg. This year’s event is critical as it precedes the 2025 expiration of the program, sparking debates on its renewal, reform, and impact. Established under former […]

WTO Director-General Urges Member States to Forge Concrete Outcomes Ahead of MC13

International Trade, News

November 1, 2023

Director-General Ngozi Okonjo-Iweala of the World Trade Organization (WTO) stressed the need for concerted efforts among WTO members to reach common ground and deliver tangible results at the 13th Ministerial Conference (MC13) scheduled for February in Abu Dhabi. Speaking in her role as Chair of the Trade Negotiations Committee, she welcomed the outcomes of the […]

African Nations Seek Extension of Duty-Free Access to US Markets Amid AGOA Trade Forum

Africa, International Trade

November 1, 2023

In a gathering set to commence in South Africa, the extension of the U.S. program providing sub-Saharan African nations with duty-free access to American markets is poised to take center stage at the U.S. Africa Growth and Opportunity Act (AGOA) trade forum. The forum, scheduled for the next three days, will bring together officials including […]

China to Develop Xinjiang Free Trade Zone as Part of Belt and Road Initiative

China, Geopolitics, News

October 31, 2023

In a move that aligns with President Xi Jinping’s expansive Belt and Road Initiative, China has unveiled plans to establish a free trade zone in the northwestern region of Xinjiang. This development comes amid ongoing controversies and Western sanctions related to alleged human rights abuses against the Uyghur population in the area. Xinjiang, a […]

International Trade Council Reports Affirmative ITC Decision on Paper File Folder Imports

News, Trade Policy

October 31, 2023

In a recent development, the U.S. International Trade Commission (ITC) has unanimously voted in favor of addressing concerns related to paper file folder imports from China, India, and Vietnam, acknowledging their impact on domestic file folder manufacturers in the United States. This decision aligns with the determinations made by the U.S. Department of Commerce in […]

EU and Korea Initiate Talks on Digital Trade Agreement

Europe, News, Trade Agreements

October 31, 2023

In a joint statement made during the 11th EU-Korea Trade Committee meeting, both parties announced the commencement of negotiations for a digital trade agreement between the European Union (EU) and Korea. This milestone decision aims to establish a legal framework that ensures certainty for businesses and consumers engaged in digital trade, enhances their protection in […]

Opportunity Arises for the Resumption of Power-Sharing Government in Northern Ireland

Geopolitics, Ireland, News

October 31, 2023

In a development with potential implications for Northern Ireland’s political landscape, the International Trade Council reports that there may be an opportunity to reinstate political power-sharing in the region in the coming weeks. This optimism stems, in part, from the possibility of substantial investments in Northern Ireland, as highlighted by the U.S. Ambassador to London. […]

Rhode Island Set to Welcome 300+ Businesses and 35+ Economic Development Agencies as State Plays Host to 2023 Go Global Awards

International Trade and Economic, News, United States

October 31, 2023

Rhode Island Set to Welcome 300+ Businesses and 35+ Economic Development Agencies as State Plays Host to 2023 Go Global Awards

Three-day event set for November 6-8 at the Omni Providence PROVIDENCE, R.I. – Rhode Island Commerce, in partnership with the International Trade Council, is set to welcome hundreds of business and economic development leaders from around the world at next week’s 2023 Go Global Awards. Scheduled for Monday, November 6 – Wednesday, November 8, […]

South Korea’s Exports Poised for Growth in October After Year-Long Decline

International Trade, News, South Korea

October 30, 2023

South Korea, a significant barometer of global trade, is expected to break a year-long trend of declining exports and report growth in October, driven by strong demand from the United States and increased chip shipments. However, softer exports to China have been a drag on this recovery, according to a Reuters survey. Export figures […]

U.S. Military Initiates Purchases of Japanese Seafood in Response to China’s Ban

China, Japan, News, United States

October 30, 2023

In a response to China’s ban on Japanese seafood products following Tokyo’s release of treated water from the Fukushima nuclear plant into the sea, the United States has initiated purchases of Japanese seafood to supply its military stationed in Japan. U.S. Ambassador to Japan Rahm Emanuel unveiled this initiative in a Reuters interview, suggesting that […]

German Chancellor Olaf Scholz Focuses on Trade and Investment Opportunities During West Africa Visit

Africa, Germany, International Trade, News

October 30, 2023

German Chancellor Olaf Scholz held discussions with Nigerian President Bola Tinubu during his West Africa tour, emphasizing trade and investment prospects. This visit reflects Germany’s interest in diversifying its trade partners and expanding economic collaborations in the resource-rich West African region. During their meeting in the capital city of Abuja, Scholz emphasized the need […]

New WTO Training Program Focused on Empowering African Trade

Africa, International Trade, News

October 30, 2023

In a significant step towards enhancing Africa’s role in global trade, the World Trade Organization (WTO) has launched a comprehensive regional course. This initiative, primarily focused on deepening the understanding of WTO agreements within the African trade policy context, marks a notable advancement in integrating the continent more effectively into the global trading system. […]

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