When the US government imposed Section 232 tariffs on steel and aluminum imports back in 2018, the policy was framed, officially at least, as a national security measure. It was about preserving the integrity of critical domestic industries, or so the argument went. But nearly from the outset, economists, manufacturers, and policymakers began to debate—sometimes […]
The International Trade Council (ITC) acknowledges the European Union’s (EU) 11th package of sanctions against Russia announced last week by European Commission President, Ursula von der Leyen. The latest sanction package aims to prevent Russia from importing high-tech components for the ongoing conflict in Ukraine from neighboring countries. Central Asian nations, such as Uzbekistan […]
The International Trade Council (ITC) is optimistic about the commencement of talks on an enhanced free trade agreement between the United Kingdom and Switzerland, slated to begin on Monday. The British Trade Secretary, Kemi Badenoch, is set to meet Swiss Economy Minister, Guy Parmelin, in Bern, with an ambition to bolster exports in financial and […]
The International Trade Council (ITC) welcomes UK Prime Minister Rishi Sunak’s recently announced measures aimed at reinforcing the UK food supply chain and protecting farmers in future trade negotiations. This initiative is a proactive response to address inflation and highlights the pivotal role of the agricultural sector in the UK’s economy and trade. The […]
The International Trade Council (ITC) today underscores the importance of adhering to cosmetic regulation management rules, as a small trading firm in southwest China faces a significant fine of $420 million for suspected violations. The Chongqing-based company, Dezhao, was fined by the city’s market regulator for alleged breaches, including the failure to obtain necessary […]
The International Trade Council (ITC) welcomes the European Union’s new landmark law obligating EU-based companies to ensure their imports and exports are “deforestation-free” and respectful of human rights. The newly adopted European Union Deforestation-Free Products Regulation places the responsibility on companies registered in EU member states to confirm that seven key agricultural commodities – […]
The International Trade Council (ITC) acknowledges the signing of the Free Trade Agreement (FTA) between China and Ecuador, marking a significant strengthening of economic relations between the Andean nation and the world’s second-largest economy. This development comes despite concerns raised by the United States, which has been active in countering the expansion of China’s influence […]
The Government of Honduras announced on Friday its intentions to commence negotiations with China for a free trade agreement. This move follows the establishment of diplomatic relations between Honduras and China in March, subsequent to the cessation of its long-standing relationship with Taiwan. “We are on the cusp of a new era, with the […]
The International Trade Council (ITC) is pleased to announce the signing of a Free Trade Agreement (FTA) between China and Ecuador. This landmark agreement, facilitated by the Chinese Ministry of Commerce, is set to enhance bilateral trade and strengthen business ties between the two nations. As per the agreement, Ecuador joins the ranks as […]
The leading independent manufacturer of forklift truck attachments, KAUP GmbH & Co adds to its electrically operated material handling solutions, as part of its e-op (Electrically Operated) line. Following the launch of the world’s first electric fork positioner, in Stuttgart, over half a decade ago, KAUP has continued to develop and expand its electric […]
The International Trade Council (ITC) is pleased to announce the signing of a Free Trade Agreement (FTA) between China and Ecuador. This landmark agreement, facilitated by the Chinese Ministry of Commerce, is set to enhance bilateral trade and strengthen business ties between the two nations. As per the agreement, Ecuador joins the ranks as […]
The International Trade Council (ITC) acknowledges President Ferdinand “Bongbong” Marcos Jr.’s recent call for ASEAN member states to demonstrate their commitment to the principle of free trade. This call was made during the plenary session of the 42nd ASEAN Summit held in Labuan Bajo, Indonesia. The Philippine government has shown its commitment to this […]
Singapore, 8th May 2023  â€” The International Trade Council (ITC) is delighted to announce the addition of  135  new members who have joined the esteemed organization within the last seven days. These forward-thinking businesses have taken a significant step towards fostering international trade, expanding their global footprint, and leveraging the numerous benefits offered by the […]
When the European Union revised the Waste Framework Directive in 2018, the goals were ambitious. It wasn’t just about encouraging higher recycling rates or reducing landfill dependency—though those were part of it. The real push, or at least what became clearer over time, was toward supply chain transparency at the municipal level. By 2022, this […]
The International Trade Council (ITC) has today highlighted concerns over potential economic implications for Sub-Saharan Africa amid escalating geopolitical tensions. In a scenario of global bifurcation into two isolated trading blocs centered around the United States/European Union and China, Sub-Saharan Africa could experience a permanent decline of up to 4% of real GDP after a […]
Unleash Your Global Potential at the 2023 Go Global Awards! Shine Bright Among International Business Leaders. The 2023 Go Global Awards is the ultimate global platform for businesses seeking to extend their reach and establish a formidable presence in the international marketplace. This government-sponsored event, hosted this year in Rhode Island, USA, invites companies from […]