Archive for the ‘News’ Category

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 […]

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 […]

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 […]

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 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 […]

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 […]

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 […]

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 […]

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. […]

  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, […]

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 […]