Archive for the ‘Trade Agreements’ Category

Europe, News, Trade Agreements

October 31, 2023

In a joint statement made during the 11th EU-Korea Trade Committee meeting, both parties announced the commencement of negotiations for a digital trade agreement between the European Union (EU) and Korea. This milestone decision aims to establish a legal framework that ensures certainty for businesses and consumers engaged in digital trade, enhances their protection in […]

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested â‚ ¬12.5 billion (approximately $13.2 billion) in financial assistance from the European Union, as per a document seen by Reuters. The request aims to secure support to mitigate the potential challenges posed […]

Malaysia, News, Trade Agreements

October 20, 2023

At the ASEAN-GCC Summit held in Saudi Arabia, Malaysia’s Prime Minister, Anwar Ibrahim, unveiled a groundbreaking proposal for the creation of a free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC). This visionary agreement, if realized, would mark a historic first between ASEAN nations and the […]

Canada, News, Trade Agreements

October 18, 2023

  Recent developments in the relationship between ASEAN (the Association of Southeast Asian Nations) and Canada are paving the way for a promising future marked by strengthened economic cooperation. During the ASEAN Summit held in late September, Canada achieved official recognition as a strategic partner, a significant milestone in the growing alliance between the two […]

News, South Korea, Trade Agreements

October 15, 2023

In a positive development, Britain and South Korea have agreed to extend the period of low or zero tariffs on bilateral trade, particularly on products with components originating from the European Union (EU). This extension, confirmed by the British government, is a welcomed boost for various industries, notably the automotive sector.   The extension of […]

In an unexpected move, Christian Lindner, the German Finance Minister and leader of the German liberals, has extended an invitation to the United Kingdom to explore “new steps” in their post-Brexit trade relations with the European Union (EU). Lindner’s gesture, made during a BBC interview, has raised the prospect of reducing trade barriers and addressing […]

In a significant stride for global trade, the United Arab Emirates and South Korea announced the culmination of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) this Saturday. This pivotal accord underscores the robust and burgeoning economic partnership between the two nations, set against a backdrop of sustained growth in non-oil bilateral trade, which touched […]

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 […]

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’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, […]

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 […]

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 […]

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 […]

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 […]

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 Â¥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 […]