🎄 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

Africa, Energy / Natural Gas, News

August 10, 2023

Nigeria is poised to receive a significant influx of foreign direct investments (FDI) ranging from $18 to $20 billion in its oil sector, as various oil companies show renewed interest in restarting previously abandoned projects and expediting the progress of delayed initiatives. Bala Wunti, the Group General Manager of Nigerian Upstream Investment Services (NUIS), recently […]

The International Trade Council notes the official enactment of the US-Taiwan trade agreement following US President Joe Biden’s endorsement. This legislation represents the first agreement under the US-Taiwan Initiative on 21st Century Trade, signaling a collaborative approach to bilateral trade ties. The agreement’s primary features include: Streamlining of customs procedures. Measures against corruption. Support mechanisms […]

China, Europe, News, Trade Relations

August 8, 2023

The International Trade Council addresses the escalating concerns pertaining to the European Union’s trade deficit with China, which approached a notable €400 billion last year.   EU Trade Commissioner, Valdis Dombrovskis, communicated to media outlets about the remarkable deficit, highlighting that it has magnified twofold in a mere span of two years. This accentuates the […]

Canada, Economic Relations, News

August 7, 2023

The International Trade Council acknowledges the evident implications of wildfires on Canada’s trading performance. As illustrated by the recent Donnie Creek wildfire and many others this year, there is a significant impact on Canadian exports.   The latest report from the Conference Board of Canada highlights a widening of Canada’s trade deficit for the second […]

The International Trade Council is thrilled to announce the successful signing of the Vietnam-Israel Free Trade Agreement (VIFTA) on July 25. This landmark agreement is projected to amplify bilateral trade by fifty percent within the next two years. The fruit of a rigorous seven-year negotiation period, the agreement saw its formal endorsement by the trade […]

Economic Relations, News

August 4, 2023

The International Trade Council notes the recent update by A.P. Moller-Maersk A/S on their projections for global container trade. Maersk, as an influential figure in the world shipping sector, has revised its estimates, indicating a possible contraction of global container trade by up to four percent this year. This marks a shift from their previous […]

China, Economic Relations, News

August 2, 2023

Trade experts have indicated that China is well-positioned to fulfill the standards set by the Comprehensive Progressive Trans-Pacific Partnership (CPTPP). This assessment brings into focus the political considerations that member nations must address regarding Beijing’s potential inclusion in the pact. Britain’s recent accession to the CPTPP has initiated a period of evaluation for other aspiring […]

Economic Relations, Europe, News

August 1, 2023

The International Trade Council acknowledges the recent decision by the Court of Justice of the European Union (CJEU) dated 13 July 2023 on the European Union Foreign Direct Investment Screening Regulation, in place since October 2020.   In the landmark case, Xella Magyarország, the CJEU has clarified that EU-based acquisitions, irrespective of the eventual ownership […]

International Trade, News

July 31, 2023

The International Trade Council (www.tradecouncil.org) is pleased to announce that, as of now, 34 foreign government trade and investment agency partners have confirmed their participation in the 2023 Go Global Awards. The event will be held in Providence, Rhode Island, on the 6-8th November 2023, in partnership with the Rhode Island Commerce Corporation. The participating agencies […]

The International Trade Council warmly welcomes the announcement by the EU and the Philippines about their commitment to delve into the potential relaunch of negotiations for a holistic, contemporary, and balanced Free Trade Agreement (FTA), underpinned by sustainability. Both entities will soon initiate a bilateral ‘scoping process’ to gauge the mutual understanding they share concerning […]

Fraud Alerts, News

July 30, 2023

The International Trade Council wishes to alert the public to fraudulent “membership” certificates being distributed by a company known as Speedway Invest (https://speedwayinvest.net/). It must be clearly understood that the International Trade Council neither promotes nor endorses cryptocurrency investments, and specifically excludes members from the cryptocurrency sector. Any association between the International Trade Council and […]

India’s Trade Minister, Piyush Goyal, announced on Thursday that the country has requested Japan and South Korea to reconsider their existing free-trade agreements (FTAs) with India to ensure a more “balanced and equitable” trade relationship. The move comes in response to the widening trade gap between India and the two Asian nations. During an event […]

Egypt, News, Trade Relations

July 27, 2023

The International Trade Council is pleased to announce the recent meeting between Egypt’s Minister of Trade and Industry, Ahmed Samir, and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirovic. The meeting focused on the development of commercial, industrial, and investment cooperation relations between the two nations and discussed the current global economic situation. Negotiations […]