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Archive for the ‘News’ Category

Observations on the Shift in Foreign Direct Investment in Portugal

Foreign Direct Investment, News, Portugal

August 28, 2023

The International Trade Council wishes to highlight recent data concerning Foreign Direct Investment (FDI) in Portugal for the first half of the year. According to figures released by the Bank of Portugal, FDI in Portugal totaled €2 billion, reflecting a 57% decline when juxtaposed with the corresponding period in 2022. The predominant avenue for […]

Mexico’s Auto Assembly Sector Sees Unprecedented Growth in Foreign Direct Investment

Foreign Direct Investment, Mexico, News

August 25, 2023

The International Trade Council is thrilled to spotlight Mexico’s automotive sector, which has registered a record-breaking foreign direct investment (FDI) of US$5,024 million in the first half of 2023. This milestone is not just an all-time high for a six-month span but also surpasses the previous annual record of $4,281 million achieved in 2019. Mexico’s […]

Türkiye Records $4.8 Billion in Foreign Direct Investments During H1 2023

Foreign Investments, News, Turkey

August 24, 2023

The International Trade Council acknowledges the recent announcement that Türkiye received foreign direct investments (FDI) totaling $4.8 billion (TL 125.9 billion) in the first half of 2023, as reported by Engin Aksoy, Chairperson of Türkiye’s International Investors Association (YASED). Of this FDI inflow, $2.5 billion was attributed to mergers, acquisitions, or direct capital inflows, as […]

PM Modi Highlights India’s Efforts to Foster Trade and Investment at G20 Meeting

India, News, Trade and Investments

August 24, 2023

The International Trade Council takes note of Prime Minister Narendra Modi’s address at the G20 Trade and Investment ministerial meeting, where he underscored India’s transition from “red tape” to a more favorable investment climate, emphasizing a shift towards liberalized Foreign Direct Investment (FDI) flows over the past nine years. During the virtual address to the […]

Foreign Direct Tourism Investment in Mexico Surpasses US$1.4 Billion, Reflecting Confidence in the Nation’s Appeal

Foreign Direct Investment, Mexico, News

August 24, 2023

The International Trade Council is pleased to highlight the significant strides in Foreign Direct Investment in Tourism (FDIT) in Mexico, which reached an impressive milestone of US$1.4 billion during the first half of 2023. This noteworthy achievement constitutes approximately 4.9% of the total National Foreign Direct Investment, as revealed by the Ministry of Tourism. […]

India Explores Rupee as a Potential Instrument in International Trade

India, International Trade, News

August 23, 2023

Recent transactions have highlighted India’s exploration of the Rupee as an instrument for international trade. Notably, India has initiated trade with the United Arab Emirates (UAE) using the Rupee for oil purchases. In a key transaction, Indian Oil Corp procured one million barrels of oil from the Abu Dhabi National Oil Company using Indian […]

Bidenomics Sparks Surge in Foreign Investment in U.S. Manufacturing, Indicating Strong Growth Potential

Foreign Direct Investment, News, United States

August 23, 2023

The International Trade Council is observing a notable trend in foreign investment within the U.S. manufacturing sector, raising questions about potential impacts stemming from economic policies, including those of the Biden administration. Recent data highlights an increase in construction spending for manufacturing facilities in the United States, with real manufacturing construction witnessing a doubling since […]

China Unveils 24 New Initiatives to Propel Foreign Investment Growth, Reinforcing Commitment to International Trade

China, Foreign Direct Investment, News

August 23, 2023

The International Trade Council welcomes China’s resolute drive to fortify its foreign investment landscape and foster increased global investment inflow. In a landmark directive issued by the State Council on Sunday, China underscores its dedication to enhancing the climate for foreign investment, amplifying its appeal as a prime investment destination. The comprehensive set of 24 […]

Malaysia Prioritizes Domestic Direct Investment (DDI) as Key Performance Indicator to Drive National Investment

Economic Development, Malaysia, News

August 22, 2023

KUALA LUMPUR – Following the conclusion of the second National Investment Council Meeting (NICM), the government has emphasized the pivotal role of Domestic Direct Investment (DDI) as a primary benchmark in determining the overall national investment strategy. Prime Minister Datuk Seri Anwar Ibrahim highlighted the potential of strategic DDI to lure more Foreign Direct […]

Landmark Australia-UK Free Trade Agreement

Australia, News, United Kingdom

August 22, 2023

Melbourne, August 22, 2023 – The International Trade Council is pleased to acknowledge the successful implementation of the Australia-United Kingdom Free Trade Agreement (FTA). This milestone was celebrated today during the Australian British Chamber of Commerce business lunch in Melbourne. The recent activation of this gold-standard trade agreement marks a significant shift in the economic relationship […]

ASEAN and WIPO Strengthen Ties with New Memorandum of Understanding

Intellectual Property, News

August 21, 2023

SEMARANG – In a significant move to fortify intellectual property (IP) collaboration, the ASEAN Member States and the World Intellectual Property Organization (WIPO) inked a Memorandum of Understanding (MOU) on August 20, 2023. The signing, which took place during the 55th ASEAN Economic Ministers Meeting (AEM), was executed by Dr. Kao Kim Hourn, Secretary-General of […]

EU Deforestation Rules Raise Concerns About Global Trade Impact, Says ITC Chief

Environmental Trade Regulations, Europe, News

August 20, 2023

The European Union’s (EU) new rules aimed at curbing deforestation have raised concerns over their potential “catastrophic” impact on global trade if not implemented with consideration for small producers and developing nations, according to the head of the International Trade Centre (ITC). Pamela Coke-Hamilton, the Executive Director of the ITC, a collaborative agency of […]

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines

News, Philippines, Trade Relations, United Kingdom

August 19, 2023

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines The International Trade Council reports that the United Kingdom (UK) and the Philippines are in discussions regarding the potential formation of a Joint Trade and Economic Committee (JETCO). The aim of the JETCO would be to strengthen economic connections between the two nations. […]

International Financial System Reforms Discussed to Enhance Investment in Africa

Africa, Investment and Trade Reform, News

August 18, 2023

NAIROBI – During the recent United Nations Conference on Trade and Development (UNCTAD) presidential dialogue in Nairobi, Kenyan President William Ruto emphasized the need for reforms in the international financial system. Such reforms, he highlighted, would strengthen investor trust in the African continent. President Ruto advocated for improved risk assessments for Africa, emphasizing that a […]

International Trade Council Observes US Ban on New Investments in China’s Sensitive High-Tech Industries

China, International Trade, News, United States

August 18, 2023

The International Trade Council is taking note of the recent development concerning a ban issued by President Joe Biden in August, restricting new US investments in China’s high-tech sectors, specifically targeting artificial intelligence (AI), advanced semiconductors, and quantum information technologies. This policy encompasses various forms of investment, such as indirect investments, private equity, venture capital, […]

U.S. International Trade Deficit Narrows in June

News, Trade Deficit Analysis, United States

August 16, 2023

The International Trade Council acknowledges the recent data shared by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The figures presented indicate that the United States’ trade deficit in goods and services stood at $65.5 billion in June, marking a decrease of $2.8 billion from the revised $68.3 billion reported in May. […]

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