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Archive for the ‘Trade Agreements’ Category

The EU Adopts 5 Billion-Euro Brexit Reserve to Support Businesses

Europe, News, Trade Agreements

September 29, 2021

The International Trade Council is pleased to announce that the European Council has approved a 5 billion-euro ($5.8 billion) reserve to help EU businesses navigate the short-term effects of Brexit. This fund aims to cover additional costs and compensate losses resulting from the United Kingdom’s withdrawal from the 27-nation trade bloc.   Brexit has significantly […]

Press Release from the International Trade Council – Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

News, Trade Agreements

September 17, 2021

China’s recent application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has been viewed as a significant development by the International Trade Council. The CPTPP was originally established by the US as a counterbalance to China’s growing influence in the Asia-Pacific region. The 2018 agreement was signed by 11 countries including Australia, […]

International Trade Council welcomes UK’s trade deal with Norway, Iceland, and Liechtenstein

News, Trade Agreements, United Kingdom

June 4, 2021

The International Trade Council (ITC) welcomes the recent post-Brexit trade agreement between the UK, Norway, Iceland, and Liechtenstein, which will greatly benefit trade between the four non-EU nations, already valued at £21.6bn. The UK’s international trade secretary, Liz Truss, said the deal would be “a major boost for our trade…while supporting jobs and prosperity in […]

International Trade Council welcomes US-EU agreement to eliminate lobster tariffs

Europe, News, Trade Agreements, United States

August 21, 2020

The International Trade Council (ITC) welcomes the news that the European Union has agreed to eliminate tariffs on US lobster, a key priority of President Donald Trump, in exchange for the US halving import taxes on some $160m worth of European goods, including cigarette lighters and certain crystal glassware. The agreement is the first tariff […]

Trump Signs US Mexico Canada Agreement (USMCA)

Mexico, News, Trade Agreements, United States

January 29, 2020

The International Trade Council announces that US President Donald Trump has officially signed the US Mexico Canada Agreement (USMCA), which is set to replace the 1994 North American Free Trade Agreement (NAFTA). This new trade pact brings Trump’s campaign promise to replace the existing deal between the three countries closer to reality. The USMCA aims […]

China’s Economic Growth Hits 30-Year Low

China, News, Trade Agreements

January 7, 2020

The International Trade Council announces that the United States and China have signed an agreement to ease the trade war that has impacted global markets and the world economy. US President Donald Trump called the pact “transformative” for the US economy, while Chinese leaders described it as a “win-win” deal that would foster better relations […]

USMCA: Agreement Reached on NAFTA Trade Deal Replacement

News, Trade Agreements

November 10, 2019

The International Trade Council is pleased to announce that the US, Mexico, and Canada have finalized a trade deal to replace the 25-year-old North American Free Trade Agreement (NAFTA). Representatives from the three countries signed the pact in Mexico, marking a significant milestone in the renegotiation process. The agreement was reached after Democrats in the […]

The EU-Japan Trade Deal: Unveiling New Horizons for Small Businesses

Europe, Japan, News, Trade Agreements

November 4, 2019

The International Trade Council commends the remarkable progress that has been achieved through the EU-Japan Economic Partnership Agreement (EPA), often referred to as the ‘cars-for-cheese’ deal, and spotlights the significant opportunities it opens up for small and medium-sized enterprises (SMEs).   The EPA, which came into effect earlier this year, represents nearly 30% of global […]

UK Signs Economic Partnership Agreement with Six African Nations Ensuring Trade Continuity Post-Brexit

Africa, News, Trade Agreements, United Kingdom

October 1, 2019

The International Trade Council is pleased to announce that the UK has signed an economic partnership agreement with the Southern African Customs Union and Mozambique (SACU+M). The agreement ensures continued free trade between the UK and South Africa, Botswana, Lesotho, Namibia, Eswatini, and Mozambique after Brexit.     Businesses in both regions will benefit from […]

Trans Pacific Partnership (TPP) Maintains Momentum at APEC Summit Despite US Withdrawal

News, Trade Agreements, United States

November 11, 2018

The International Trade Council commends the continuous progress made by member countries of the Trans Pacific Partnership (TPP) at the Asia Pacific Economic Cooperation (APEC) summit in Vietnam, in spite of the absence of the United States following President Trump’s decision to withdraw.   During the APEC summit, President Trump reiterated his ‘America First’ stance, […]

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