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Archive for the ‘News’ Category

Malaysia Seeks Foreign Investment in Thriving EV and Semiconductor Sectors

Foreign Direct Investment, Malaysia, News

November 2, 2023

In a bid to enhance its position as a global manufacturing hub, Malaysia is actively pursuing foreign investments in high-value sectors like electric vehicles (EVs), semiconductors, and carbon capture, according to the country’s Trade and Investment Minister, Tengku Zafrul Aziz.   With a well-established reputation in manufacturing, Malaysia now seeks to ascend the value chain […]

Biden Aims to Enhance U.S.-Africa Trade Program, Beyond Renewal

Africa, News, Trade Relations, United States

November 2, 2023

U.S. Secretary of State Antony Blinken has highlighted the Biden administration’s intention to not only renew but also improve the African Growth and Opportunity Act (AGOA), a pivotal trade program with Africa. AGOA, initially launched in 2000, offers qualifying African countries duty-free access to the U.S. market, the largest consumer market globally. With its expiration […]

U.S. Agricultural Delegation Strengthens Trade Ties with China Amid Diplomatic Challenges

China, International Trade, News, United States

November 2, 2023

A delegation of U.S. agricultural industry leaders convened in Beijing to engage with their Chinese counterparts, underscoring the importance of agricultural trade between the two nations despite ongoing political tensions. The gathering included representatives from 11 organizations, including the U.S. Soybean Export Council, U.S. Grains Council, and U.S. Wheat Associates, who met in the wake […]

Dutch Semiconductor Firms Explore Chip Manufacturing Opportunities in Vietnam Amid China Trade Tensions

China, International Trade, News

November 2, 2023

A delegation of Dutch semiconductor companies and suppliers is considering investment opportunities in Vietnam as part of efforts to diversify their manufacturing base and reduce reliance on China amidst growing trade tensions between China and Western countries. The delegation, led by outgoing Dutch Prime Minister Mark Rutte during a business mission to Hanoi, included representatives […]

African Union Calls for a 10-Year Extension of AGOA Trade Program, Urges Postponement of Modifications

Africa, International Trade, News

November 2, 2023

The African Union (AU) is advocating for a minimum 10-year extension of the African Growth and Opportunity Act (AGOA), emphasizing the need for stability and predictability in trade relations between Africa and the United States. Speaking at a series of meetings between African trade ministers and U.S. officials, AU Trade Commissioner Albert Muchanga urged that […]

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 […]

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 […]

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. […]

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