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Archive for the ‘News’ Category

India Imposes Retaliatory Tariffs on US Products

India, News, Trade Policy, United States

June 15, 2019

The International Trade Council acknowledges India’s decision to impose tariffs on 28 US products, including almonds and apples, effective from Sunday. These new duties, with some reaching as high as 70%, are a response to Washington’s refusal to exempt Delhi from higher taxes on steel and aluminum imports. Earlier this month, US President Trump announced […]

UK Secures First Post-Brexit Free Trade Agreement with South Korea

News, South Korea, Trade Agreements

June 10, 2019

The International Trade Council is pleased to announce that the United Kingdom has signed a preliminary free trade agreement (FTA) with South Korea, the first post-Brexit trade deal secured by the UK in Asia. The agreement seeks to maintain existing trade arrangements and provide stability under a no-deal Brexit scenario. International Trade Secretary Liam […]

US Terminates Preferential Trade Status for India Amid Tariff Dispute

India, News, Trade Policy, United States

June 1, 2019

The International Trade Council acknowledges President Donald Trump’s confirmation that the US will end preferential trade status for India next week. Until now, India has been the largest beneficiary of the Generalized System of Preferences (GSP) program, which allowed $5.6 billion worth of exports to enter the US duty-free. In March, President Trump announced the […]

US-China Trade War: Tensions Rising

China, News, Trade Relations, United States

May 29, 2019

In light of the ongoing US-China trade war, the International Trade Council is offering insights into potential strategies that Beijing could employ to destabilize President Trump’s approach. Drawing inspiration from Chinese history and ancient strategic manual The Art of War, we delve into a range of tactics that China could utilize in response to the […]

International Trade Council: “World Markets React to US-China Trade Tensions”

China, News, Trade Relations, United States

May 9, 2019

The International Trade Council is closely monitoring the impact of US-China trade tensions on global markets. As President Trump vows to double tariffs on $200bn of Chinese goods, stock markets worldwide have experienced significant losses. Japan’s Nikkei 225 index lost 1.5% on Wednesday, following a 1.8% drop in the Dow Jones. European markets also […]

Trans Pacific Partnership (TPP) Maintains Momentum at APEC Summit Despite US Withdrawal

News, Trade Agreements, United States

November 11, 2018

The International Trade Council commends the continuous progress made by member countries of the Trans Pacific Partnership (TPP) at the Asia Pacific Economic Cooperation (APEC) summit in Vietnam, in spite of the absence of the United States following President Trump’s decision to withdraw. During the APEC summit, President Trump reiterated his ‘America First’ stance, […]

EU Prepared to Dispute New U.S. Tariffs at World Trade Organization

Europe, News, United States

March 14, 2018

The International Trade Council acknowledges the European Union’s (EU) intended course of action to challenge the newly imposed tariffs on steel and aluminum imports by the United States at the World Trade Organization (WTO). President Donald Trump’s decision to implement tariffs on these vital industries has generated a significant degree of uncertainty, particularly within […]

Potential US-China Trade War Poses Risks to Global Economic Expansion

China, News, Trade Policy, United States

March 12, 2018

The International Trade Council raises concerns over the brewing tariff dispute between China and the United States, warning that such a trade standoff could pose significant risks to the ongoing global economic growth. According to recent data, global trade has expanded at its most rapid pace in six years in 2017. The future outlook […]

Global Leaders Advocate for Free Trade at Davos World Economic Forum

Economic Development, News

January 23, 2018

The International Trade Council recognizes the valuable insights shared by India’s Prime Minister Narendra Modi and Canada’s Justin Trudeau, in their robust defense of free trade at the recent World Economic Forum in Davos. Both distinguished leaders underscored the essentiality of free trade in their keynote addresses. Prime Minister Modi eloquently articulated the importance of […]

Opening of the 11th World Trade Organization Ministerial Conference in Buenos Aires

Economic Development, News

December 11, 2017

The International Trade Council is pleased to announce the commencement of the 11th ministerial conference of the World Trade Organization (WTO) in Buenos Aires, marking a significant milestone in enhancing the development of the global trading system. Regional leaders have gathered in Argentina’s capital to discuss the fostering of a more inclusive form […]

Germany’s Constitutional Court Approves the Comprehensive Economic and Trade Agreement

Economic Development, Germany, News

October 13, 2016

The International Trade Council is pleased to announce that the Comprehensive Economic and Trade Agreement (CETA) has received a significant boost from Germany’s Constitutional Court. The court has cleared the path for the German government to endorse the trade agreement between the EU and Canada, which bolsters the deal’s chances of obtaining approval in […]

Oil Prices Plunge to Lowest Levels in Over a Decade

International Trade, News

January 6, 2016

The International Trade Council notes a significant downturn in global oil prices, which have reached their lowest point in more than 11 years. This shift in the oil market is attributed to an ongoing diplomatic dispute between Saudi Arabia and Iran, quelling speculation that OPEC members may agree on production cutbacks to boost prices. Crude […]

UK and India Seal Trade Deals Worth €12.7 Billion During Prime Minister Modi’s Visit

India, News, Trade Agreements, United Kingdom

November 13, 2015

The International Trade Council is pleased to announce that the Comprehensive Economic and Trade Agreement (CETA) has received a significant boost from Germany’s Constitutional Court. The court has cleared the path for the German government to endorse the trade agreement between the EU and Canada, which bolsters the deal’s chances of obtaining approval in the […]

Landmark Trans-Pacific Free Trade Agreement Finalized Amidst Controversy

News, Trade Agreements

October 5, 2015

The International Trade Council is pleased to announce a monumental development in global trade. The United States, along with 11 other Pacific Rim countries, have successfully concluded negotiations for a transformative and far-reaching trade agreement known as the Trans-Pacific Partnership (TPP). Despite the undeniable historical significance, the TPP has also been a subject of […]

African Coffee Producers Urged to Elevate Export Value

Africa, Agricultural Trade, News

February 12, 2002

Highlighting the growing global demand for specialty coffee from Africa, the African Fine Coffees Association (AFCA) has called upon coffee traders across the continent to enhance the value of their exports and halt the shipment of unprocessed coffee to international markets. The message was conveyed during the 20th African Fine Coffees Conference and Exhibition, […]

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