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Archive for the ‘News’ Category

Mexico and US Seek Continued Dialogue on Trade Disputes

Mexico, News, Trade Relations, United States

December 2, 2022

The International Trade Council (ITC) acknowledges the recent proposal by Mexico’s economy secretary for further talks with the United States regarding the ongoing dispute over Mexico’s energy sector. The ITC supports the commitment of both nations to engage in dialogue to resolve their differences and avoid a full-fledged trade complaint under the U.S.-Mexico-Canada trade agreement. […]

International Trade Council Commends President Biden and President Macron’s Commitment to Unity and Trade Discussions

News, Trade Relations

December 2, 2022

The International Trade Council (ITC) acknowledges the recent meeting between President Joe Biden and President Emmanuel Macron, where they reaffirmed their shared commitment to unity against Russia and engaged in discussions regarding trade concerns.   During their meeting, the leaders emphasized the importance of standing together against Russian aggression in Ukraine. President Biden reiterated the […]

International Trade Council Welcomes German Parliament’s Approval of EU-Canada Trade Pact

Canada, Europe, News, Trade Agreements

December 1, 2022

The International Trade Council (ITC) applauds the decision of the German parliament to approve the free-trade agreement between the European Union (EU) and Canada, taking an important step towards the full implementation of the Comprehensive Economic and Trade Agreement (CETA).   The CETA, signed in 2016, has been provisionally applied since 2017, with most of […]

UK Strikes Digital Trade Deal With Ukraine

Digital Trade, News, Ukrain, United Kingdom

November 30, 2022

International Trade Council announces the UK-Ukraine digital trade agreement, in a move to boost Ukraine’s economy amid challenges from the war and infrastructure damages. The deal was struck at a London meeting between the UK Trade Secretary Kemi Badenoch and Ukraine’s Minister for Trade and Economy Yulia Svyrydenko. The agreement aims to facilitate cross-border flows […]

International Trade Council Urges Dialogue to Resolve Mexico-US Dispute over GM Corn

Agricultural Trade, Mexico, News, United States

November 30, 2022

The International Trade Council (ITC) acknowledges the ongoing commercial dispute between Mexico and the United States concerning Mexico’s ban on imports of genetically modified (GM) yellow corn. The ITC urges both parties to engage in constructive dialogue to find a mutually beneficial resolution to the issue. Mexico’s President, AndrÁ ©s Manuel LÁ ³pez Obrador, has […]

Canada’s Women’s Empowerment Principles (WEPs, 2017) – Supply Chain Gender Transparency (2022)

Supply Chain

November 30, 2022

Canada’s Women’s Empowerment Principles (WEPs, 2017) – Supply Chain Gender Transparency (2022)

When Canada’s Procurement Strategy for Aboriginal Business and the wider federal supplier diversity framework incorporated enforcement of the Women’s Empowerment Principles (WEPs) reporting requirements in 2022, it represented a quiet but significant shift in the landscape of supply-chain accountability. These principles, adopted back in 2017 and often seen as aspirational guidelines, took on a more […]

Australia Ratifies Free Trade Agreements with India and Britain

Australia, News, Trade Agreements

November 22, 2022

The International Trade Council is delighted to announce that the Australian Parliament has passed bilateral free trade agreements with India and Britain. This important step will enable both Australia and its partner nations to diversify their trade relations, as Australia seeks alternatives to the Chinese market and Britain continues to establish new bilateral trade partnerships […]

Continued Support for Ukraine’s Grain Export: Extension of the Black Sea Grain Initiative

Agricultural Trade, News, Ukrain

November 17, 2022

The International Trade Council is pleased to announce that the agreement enabling safe and secure export of grain, foodstuff, and fertilisers from Ukraine has been extended for an additional four months.   The Black Sea Grain Initiative, a cooperative venture involving Ukraine, Russia, Turkey, and the United Nations, has proven crucial in curbing the global […]

US Chip Shortage Executive Order (EO 14017, Feb 2021) – Semiconductors Supply Chain Mapping (2022)

Supply Chain

November 16, 2022

US Chip Shortage Executive Order (EO 14017, Feb 2021) – Semiconductors Supply Chain Mapping (2022)

The Biden Administration’s Executive Order 14017, issued in February 2021, came at a moment of acute concern over the resilience of the United States’ semiconductor supply chain. It was not just a reaction to the visible disruptions that dogged the auto sector, consumer electronics, and even defense contractors as the pandemic rippled through global manufacturing. […]

ITC Acknowledges Australian Prime Minister’s Efforts to Address Trade “Blockages” with China

China, News, Trade Policy

November 15, 2022

The International Trade Council (ITC) commends the Australian Prime Minister, Anthony Albanese, for raising concerns about trade “blockages” with Chinese President Xi Jinping during their recent face-to-face meeting on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia.   The bilateral meeting between the leaders of Australia and China marks an important step […]

EU Directive on Corporate Governance (Non-Financial Reporting, 2013) – 2022 Compliance Update

Supply Chain

November 2, 2022

EU Directive on Corporate Governance (Non-Financial Reporting, 2013) – 2022 Compliance Update

The EU’s Non-Financial Reporting Directive (NFRD), in force since 2013, has been something of a slow-burn regulatory force. For much of its early existence, companies affected by it—large public-interest entities mainly—treated the obligation as a disclosure exercise that could be satisfied by assembling environmental, social, and governance (ESG) information in a fairly general way. There […]

Australia’s National Plastics Plan (2021) – Data Transparency Pilot (2022)

Supply Chain

October 19, 2022

Australia’s National Plastics Plan (2021) – Data Transparency Pilot (2022)

Australia’s National Plastics Plan, first introduced in 2021, has always had an ambitious edge, though some would argue its ambition has at times outpaced the practical tools available to those on the front lines of implementation. The 2022 open-data pilot, launched quietly but with considerable significance, marked the government’s first real push to operationalize transparency […]

US Tariff Act Amendments (2021) – Expanding Section 301 Supply Chain Disclosures (2022)

Supply Chain

October 5, 2022

US Tariff Act Amendments (2021) – Expanding Section 301 Supply Chain Disclosures (2022)

The 2021 amendments to the US Tariff Act didn’t exactly make headlines the way that sweeping trade agreements or high-profile tariff battles do. Yet, for economists, policymakers, and—critically—supply chain professionals, these changes have quietly reshaped how firms are expected to document and disclose the knock-on effects of Section 301 tariffs. The amendments introduced a novel […]

Canada’s Bill C-9 (Labour Mobility, 2018) – Temporary Foreign Worker Supply Chains (2021–2022)

Supply Chain

September 7, 2022

Canada’s Bill C-9 (Labour Mobility, 2018) – Temporary Foreign Worker Supply Chains (2021–2022)

Canada’s Bill C-9, enacted in June 2018, quietly but decisively reshaped how the country approaches labour mobility, particularly in relation to the Temporary Foreign Worker (TFW) Program. It’s a piece of legislation that, while perhaps lacking the headline-grabbing profile of more contentious policy changes, has had a deep impact on the agricultural and technology sectors. […]

US Executive Order 14067 (Feb 2022) – Crypto Asset Supply Chain Transparency (2022)

Supply Chain

August 24, 2022

US Executive Order 14067 (Feb 2022) – Crypto Asset Supply Chain Transparency (2022)

In February 2022, Executive Order 14067 was signed, marking a significant pivot in how the United States government approaches digital assets and the ecosystems that underpin them. Much of the immediate media focus fell, understandably, on its implications for consumer protection, financial stability, and the potential development of a central bank digital currency. But tucked […]

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