Archive for the ‘News’ Category

In a move aimed at bolstering foreign direct investments (FDI), the Philippines officially launched its “green lanes” for significant strategic investments. The initiative, intended to attract capital inflow into the country, will streamline the process for obtaining necessary documents to establish businesses within the nation, according to the Department of Trade and Industry (DTI).   […]

The International Trade Council hereby acknowledges the recent adoption by Luxembourg’s Chamber of Deputies of bill of law n °7885 on 13 June 2023. This bill puts into practice Regulation (EU) 2019/452, introducing a framework for screening foreign direct investments (FDI) into the EU. The law will be operative from 1 September 2023, joining Luxembourg […]

Supply Chain

July 12, 2023

Canada’s Modern Slavery Act, passed quietly in 2018, began to show its sharper teeth in 2023. For the first time, Canadian courts issued orders compelling companies—some large, some perhaps caught off guard—to produce modern slavery statements. This development, anticipated by some and surprising to others, signals that the enforcement phase of the legislation is no […]

The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]

The International Trade Council observes recent developments in the foreign direct investment (FDI) landscape in the Middle East and North Africa (MENA) region. As reported by the United Nations Conference on Trade and Development’s (UNCTAD) 2023 World Investment Report, the United Arab Emirates (UAE) has achieved a historic milestone in FDI inflow, while Saudi Arabia […]

News, Trade Finance

July 5, 2023

Toronto, Canada, 4 July 2023 –  Surecomp ® today announced that it has been placed in the Leaders Category of the  IDC MarketScape: Worldwide Trade Finance Systems 2023 Vendor Assessment  (doc #US49436622, 28 June 2023).   The result of a rigorous and independent evaluation of eleven trade finance vendors, the IDC MarketScape states that “Surecomp […]

Supply Chain

June 28, 2023

When the US-Egypt Free Trade Agreement was first signed back in 2004, few could have predicted how radically the conversation around supply chain transparency would shift over the following two decades. The agreement was functional, if somewhat conventional, focusing largely on tariff reductions and basic market access provisions. But the 2022 renegotiation of the FTA—finalized […]

Economic Development, Japan, News

June 23, 2023

The International Trade Council (ITC) acknowledges the latest findings by Nikkei that Japanese companies are on track to set a new record in capital investment, reaching 31.6 trillion yen ($223 billion) in the 2023 fiscal year. This represents an increase of 16.9% from the previous fiscal year across all industries. Based on the survey encompassing […]

Economic Development, News, Turkey

June 22, 2023

The International Trade Council (ITC) recognizes the substantial interest rate hike enacted by the Turkish Central Bank as an important move towards more traditional economic strategies to tackle persistent high inflation. The 6.5 percentage points increase to 15% signifies a shift in monetary policy and could be an early indicator of economic recovery. Despite the […]

The International Trade Council is thrilled to announce the release of its insightful publication, “Going Abroad: Foreign Direct Investment for Businesses Looking to Expand Internationally”.   The contents of the book include: An Introduction to Foreign Direct Investment (FDI) The Advantages of FDI for Global Enterprises Market Analysis and Spotting FDI Opportunities Governmental Support for […]

Supply Chain

June 14, 2023

When the EU Conflict Minerals Regulation came into force in 2017, the electronics sector was among the industries most directly affected. It’s perhaps no surprise. The very components that power our modern devices—tiny yet critical—are often the ones most entangled in complex, opaque supply chains. From 2017 through 2022, regulators, companies, and civil society groups […]

Financial Innovation, News

June 13, 2023

Proudly hosted by InternetShine Corporation for the second time in Dubai, the FiNext 2023 conference is the 5th edition globally and continues to uphold its mission to highlight and celebrate exceptional achievements in both traditional finance and FinTech sectors.   This distinguished event facilitates innovative dialogue, fostering networking opportunities, and serves as a stage for […]