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Archive for the ‘Trade Relations’ Category

G20 Ministers Embrace Sustainable Trade and Women’s Empowerment in Global Economy

Brazil, News, Trade Relations

October 24, 2024

G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

Türkiye and the United Kingdom Cement “Indispensable” Partnership, Paving the Way for Bilateral Prosperity

News, Trade Relations, Turkey, United Kingdom

September 14, 2023

The International Trade Council applauds the deepening partnership between Türkiye and the United Kingdom, as underscored by British Foreign Secretary James Cleverly during his recent visit to Ankara. The Council acknowledges the pivotal role that this strengthening alliance plays in fostering international cooperation and enhancing global security.   In a meeting with Foreign Minister Hakan […]

Ethiopia’s National Bank Introduces Offshore Accounts to Encourage Strategic Foreign Direct Investments

Africa, News, Trade Relations

September 14, 2023

The National Bank of Ethiopia (NBE) has taken a significant step to boost foreign direct investment (FDI) by permitting the establishment of offshore accounts. This new directive aims to facilitate easier fund deposits from both equity and loan financing for approved projects and attract foreign currency into the Ethiopian economy. Scope of the New Directive […]

Saudi and Omani Firms Collaborate to Advance 3D Printing in Real Estate

Middle East, News, Trade Relations

September 13, 2023

Riyadh — Saudi research and development firm, Forming Future Co., has embarked on a strategic partnership with two subsidiaries of Oman’s ITHCA Group to promote the utilization of 3D printing technology within the real estate sector.   The collaborative agreements involve InnoTech and Codeline, both entities operating under the umbrella of ITHCA Group, previously known as […]

Thai-EU FTA Negotiations Commence with Two-Year Timeline

Europe, News, Thailand, Trade Relations

September 13, 2023

Negotiations for a free-trade agreement (FTA) between Thailand and the European Union (EU), commonly referred to as the Thai-EU FTA, are set to commence next week with the aim of finalizing the agreement within a two-year timeframe. The Department of Trade Negotiations, operating under the Thai Commerce Ministry, will oversee these negotiations.   Auramon Supthaweethum, […]

South Korea Advances International Agreements in Minerals and Electric Vehicles, Fueling EV Battery Manufacturing Ambitions

News, South Korea, Trade Relations

September 11, 2023

The International Trade Council commends South Korea for its proactive engagement in international talks and the signing of multiple agreements related to minerals and electric vehicles (EVs). These agreements align with South Korea’s ambitious goals for EV battery manufacturing and underscore the nation’s commitment to pursuing strategic initiatives despite challenges in its manufacturing sector.   […]

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines

News, Philippines, Trade Relations, United Kingdom

August 19, 2023

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines The International Trade Council reports that the United Kingdom (UK) and the Philippines are in discussions regarding the potential formation of a Joint Trade and Economic Committee (JETCO). The aim of the JETCO would be to strengthen economic connections between the two nations. […]

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