Since its launch in 2021, India’s National Green Hydrogen Mission has generated a mixture of anticipation and uncertainty across the clean-tech sector. The mission, designed to position India as a leading producer and exporter of green hydrogen, places heavy emphasis on building transparent, resilient supply chains for the technologies that underpin this emerging industry. Electrolyzer […]
U.S. President Joe Biden has signaled strong support for an economic initiative comprising two primary corridors aimed at enhancing connectivity between India, the Middle East, and Europe. This significant announcement took place on the sidelines of the G20 Leaders’ Summit held in New Delhi. Highlights: The two corridors: An eastern corridor connecting India to […]
Officials Urge WTO Members to Lower Tariffs on Green Goods and Emphasize the Role of Trade in Climate Solutions Delegates at the recent World Trade Organization (WTO) Public Forum noted that while international trade is a contributor to greenhouse gas emissions, it also offers significant solutions to the climate crisis. The emphasis was on […]
Recent data indicates that UK manufacturers are revising their hiring intentions amidst a notable decrease in order inflow. Based on the most recent quarterly findings from Make UK, the body representing UK manufacturers, and global business consultancy BDO, there has been a discernible contraction in manufacturing activity. This trend marks the most significant dip […]
Key Highlights: European Commission concludes no extension of prior grain ban. Poland, Slovakia, and Hungary decide on specific regulations pertaining to Ukrainian grain. Ukraine remains a pivotal player in global grain markets despite logistic challenges post-Russian conflict. Following a decision by the European Commission not to extend its earlier ban on Ukrainian grain imports, […]
Trade Realignment Could Elevate Costs, Risks, and Geopolitical Tensions, Says WTO Annual Report As geopolitical pressures reshape international alliances, the World Trade Organization (WTO) warns that countries are increasingly favoring trade with allied nations over more efficient exporters. This shift is raising concerns about the future of a global economy founded on open and […]
Geneva  â€” The European Central Bank (ECB) has surprised markets by announcing its 10th consecutive interest rate increase, signaling its commitment to addressing persistently high inflation and its concerns about a potential economic slowdown. While some analysts expected a pause in the rate-hiking campaign, the ECB’s decision underscores the central bank’s determination to combat inflationary […]
Cambodian Trade Experiences a 14.5% Decline Compared to Last Year Despite Minor Gains in Exports The International Trade Council reports that Cambodia’s total trade volume for the first eight months of 2023 stands at nearly $32 billion, showing a 14.5% drop compared to the same timeframe last year. This decline comes despite a modest […]
United Kingdom and Gulf Cooperation Council (GCC) representatives convened at a top ministerial meeting in Salalah, Oman, to discuss bolstering their trade relationship and paving the way for a comprehensive free trade agreement. This development has the potential to offer British firms expanded access to burgeoning Gulf markets, while also opening doors for GCC nations […]
London, United Kingdom  â€” September 14, 2023 — Today marks the official release of the much-anticipated book, “Going Abroad: Foreign Direct Investment for Businesses Looking to Expand Internationally.” Authored by James S. York, the CEO of the International Centre for Trade Transparency, the book serves as an essential guide for businesses planning to engage in […]
Geneva  â€” In a resolute display of unity, France and Germany have reaffirmed their commitment to bolstering cooperation on industrial transformation and defending the European Union (EU) against unlawful trade practices. In response to the EU Commission’s announcement of an investigation into Chinese state support for electric vehicles (EVs), the Economy Ministers of both countries, […]
Geneva  â€” In a compelling address at the WTO Public Forum, former British Prime Minister Gordon Brown called for a transformative era of international cooperation and renewed commitment to multilateralism. The event, attended by a diverse audience, including WTO ambassadors, Swiss authorities, leaders of intergovernmental organizations, representatives of non-governmental organizations, business leaders, and academics, was […]
In an effort to safeguard their markets, Hungary, in cooperation with neighboring countries Romania, Slovakia, and Bulgaria, has signaled its intent to impose a national ban on Ukrainian grain imports should the European Union (EU) fail to extend the existing ban set to expire on September 15, as announced by Hungary’s Farm Minister. The […]
Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters. The […]
The International Trade Council applauds the deepening partnership between Tà¼rkiye 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 […]
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 […]