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Archive for the ‘Trade Agreements’ Category

Italy Enthusiastic about Latin American Exports, Eyes Mercosur Pact for Trade Boost

Italy, Trade Agreements

October 13, 2023

Italy is looking forward to a surge in its exports to Latin America’s largest economies, with an estimated growth of about 5% in 2024, according to the Italian export credit agency, SACE. This optimistic outlook comes as Italy actively pursues a landmark European Union trade agreement with various South American nations, a pact that holds […]

EU Trade Commissioner Encourages Balanced Trade Relations with China Amid Concerns Over Ukraine Conflict

Europe, News, Trade Agreements, Ukrain

September 25, 2023

The European Union’s trade commissioner, Valdis Dombrovskis, has emphasized the need for a more balanced economic relationship with China while highlighting the EU’s substantial trade deficit with the country, which amounted to nearly 400 billion euros ($425 billion). Speaking at China’s Tsinghua University, Dombrovskis also expressed concerns about how China’s stance on the war in […]

International Trade Council Welcomes U.S.-Bahrain Comprehensive Security Integration and Prosperity Agreement

Bahrain, News, Trade Agreements

September 13, 2023

The International Trade Council is pleased to announce the signing of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) between the United States and Bahrain, ushering in a new era of cooperation and partnership across various domains, including defense, security, science, technology, trade, and investment. The historic agreement was formalized during a ceremony at […]

Pakistan and UAE to Potentially Sign Free Trade Agreement by Month’s End

News, Pakistan, Trade Agreements, United Arab Emirates

September 8, 2023

Pakistan’s interim commerce minister, Dr. Gohar Ejaz, has announced that the South Asian nation is expected to finalize a free trade agreement (FTA) with the United Arab Emirates (UAE) during the forthcoming visit of a UAE delegation scheduled for the last week of September. The UAE holds the position of being Pakistan’s third-largest trading partner, […]

International Trade Council Takes Note of Canada’s Anticipation to Conclude Free Trade Agreement with ASEAN

Canada, News, Trade Agreements

September 6, 2023

The International Trade Council acknowledges Canada’s Prime Minister, Justin Trudeau’s announcement regarding the expectation to finalize a free trade agreement with the Association of Southeast Asian Nations (ASEAN). This development follows the formal launch of the Canada-ASEAN strategic partnership, which was a focal point of discussion during the ASEAN-Canada summit held in Jakarta. Prime […]

President Wickremesinghe Proposes Nationwide Industrialization Modeled After Biyagama Free Trade Zone

News, Trade Agreements

September 6, 2023

President Ranil Wickremesinghe’s recent address at the centenary celebration of Al Mubarak Central College in Malwana has unveiled an ambitious economic vision for Sri Lanka’s future. President Wickremesinghe outlined a strategy to replicate the successful Biyagama Free Trade Zone model on a national scale, with the goal of fostering rapid development over the next […]

International Trade Council Applauds UK-Australia Free Trade Agreement for Accelerating Fintech Collaboration

Australia, News, Trade Agreements, United Kingdom

September 6, 2023

The International Trade Council warmly welcomes the Free Trade Agreement (FTA) between the United Kingdom and Australia, a landmark deal set to boost fintech sectors in both nations by removing over 99% of tariffs and enhancing labor mobility. Signed in December 2021, this comprehensive agreement will not only facilitate work and travel opportunities but […]

International Trade Council Applauds the Revival of Tariff-Free Sugar Trade Between Australia and the UK

Australia, News, Trade Agreements, United Kingdom

September 5, 2023

The International Trade Council welcomes the significant milestone of the first shipment of raw sugar from Australia to the United Kingdom under the newly established free trade agreement between the two nations. This historic trade event marks the reopening of a valuable market for Australian sugar suppliers and underscores the positive impact of international trade […]

China’s Multilateral Trade with BRICS and Africa Demonstrates Significant Growth in the First 7 Months of 2023

Africa, China, News, Trade Agreements

September 5, 2023

In recent data released by the Chinese General Administration of Customs, it has been revealed that China’s imports and exports with fellow BRICS members experienced notable growth of 19.1% year-on-year, reaching ¥2.38 trillion (approximately US$330.62 billion) between January and July 2023. The BRICS, comprised of Brazil, Russia, India, China, and South Africa, have collectively strengthened […]

International Trade Council Takes Note of Israel’s Exploration of a Free Trade Agreement with Bahrain

Bahrain, Middle East, News, Trade Agreements

September 4, 2023

Israeli Foreign Minister, Eli Cohen, recently visited Bahrain and explored the possibility of signing a free trade agreement with the Gulf nation. The International Trade Council acknowledges these diplomatic discussions, aimed at fostering economic cooperation and enhancing regional stability. During his official visit to Bahrain, Minister Cohen was accompanied by a business delegation representing […]

International Trade Council Welcomes Canada’s Forthcoming Strategic Partnership with ASEAN

News, Southeast Asia, Trade Agreements

September 4, 2023

The International Trade Council warmly acknowledges the impending strategic partnership between Canada and the Association of Southeast Asian Nations (ASEAN). This significant move is set to be formalized during Prime Minister Justin Trudeau’s upcoming visit to Indonesia, where he will meet with Indonesian President Joko Widodo among other dignitaries. The forthcoming partnership underscores Canada’s increasingly […]

Hungary’s Prime Minister Rejects Ukraine’s NATO Membership and Advocates for Dialogue

News, Trade Agreements, Ukrain

August 31, 2023

Budapest, August 30, 2023 – Viktor Orban, the Prime Minister of Hungary, has expressed his opposition to the potential integration of Ukraine into the North Atlantic Treaty Organization (NATO). The statement was made today, according to reports published by Prensa Latina. Prime Minister Orban also emphasized the importance of pursuing dialogue with Russia in addressing the […]

International Trade Council Celebrates the Initiation of Scoping Exercise for EU-Philippines Free Trade Agreement

Europe, News, Philippines, Trade Agreements

July 31, 2023

The International Trade Council warmly welcomes the announcement by the EU and the Philippines about their commitment to delve into the potential relaunch of negotiations for a holistic, contemporary, and balanced Free Trade Agreement (FTA), underpinned by sustainability. Both entities will soon initiate a bilateral ‘scoping process’ to gauge the mutual understanding they share concerning […]

International Trade Council Announces Signing of Free Trade Agreement Between Vietnam and Israel

Middle East, News, Trade Agreements, Vietnam

July 25, 2023

The International Trade Council heralds the successful signing of a free trade agreement between Vietnam and Israel, culminating in seven years of detailed negotiations. Signed by the respective trade ministers, the agreement was marked with great optimism this Tuesday. Predicted to rapidly increase annual bilateral trade by close to 50%, the deal is poised […]

New Zealand Prepares for EU Free Trade Agreement to Boost Seafood Sector

Europe, New Zealand, News, Trade Agreements

July 10, 2023

New Zealand’s seafood industry is set to receive a significant boost with the signing of a free trade agreement (FTA) with the European Union on 9th July. The agreement, signed a year after the conclusion of negotiations in June 2022, is expected to eliminate most export tariffs, enhance market access, and reduce compliance requirements, fostering […]

Armenia’s Role in the Iran-EEU Free Trade Agreement

Iran, News, Trade Agreements

May 31, 2023

The International Trade Council (ITC) notes with interest the upcoming implementation of the free trade agreement between Iran and the Eurasian Economic Union (EEU). This agreement is anticipated to bring significant privileges to Armenia for various products, particularly food commodities, as mentioned by Armenia’s Minister of Economy, Vahan Kerobyan. While challenges persist in exporting […]

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