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International Trade Council reports $9.6bn of goods is held up each day due to the Suez Canal blockage

March 26, 2021

Daisy

News, Transport and Logistics

0

The International Trade Council has reported that an estimated $9.6bn ( £7bn) worth of goods are held up every day due to the stranded Ever Given mega-container ship in the Suez Canal. The canal is a vital passageway between the East and West, with approximately 12% of total global trade moving through it. Shipping expert […]

Abu Dhabi investment fund has agreed to pay £800m into the UK life sciences sector

March 24, 2021

Daisy

Foreign Investments, News, United Kingdom

0

Abu Dhabi Investment Fund Mubadala has committed to investing £800 million in the UK’s life sciences sector over five years, marking the first of what could be several billion pounds of investments in the UK. Abu Dhabi is also reportedly planning to invest heavily in British health, tech, green energy, and infrastructure. The exact size […]

British Exports to Ireland Suffer Significant Decline as Post-Brexit Trading Kicks Off

March 18, 2021

Daisy

Economic Relations, Ireland, News

0

The Republic of Ireland recorded a 65% decrease in British imports, resulting in almost â‚ ¬1bn ( £856m) less of British goods in January 2021, in contrast to the same period last year, according to the Central Statistics Office of Ireland. The decline was even steeper for food imports, which plummeted by 75%, marking a […]

Leveraging NAICS vs. ISIC: Comparative Insights for Global Analysts

March 10, 2021

Kristan

ISIC

0

Leveraging NAICS vs. ISIC: Comparative Insights for Global Analysts

For anyone who has worked with international economic data, the peculiarities of classification systems are all too familiar. Most analysts have, at some point, encountered the tangle of industry codes that form the backbone of any rigorous study of sectoral growth, trade flows, or productivity. At the global level, the International Standard Industrial Classification (ISIC) […]

International Trade Council celebrates as US and EU agree to suspend tariffs in Boeing-Airbus trade dispute

March 5, 2021

Daisy

Europe, News, Trade Policy, United States

0

The International Trade Council (ITC) welcomes the decision by the United States and the European Union to temporarily suspend the tariffs on each other’s goods, which were imposed as retaliation over subsidies provided to Airbus and Boeing, respectively. The four-month suspension, which affects billions of dollars’ worth of goods, including wine, cheese, and tractors, comes […]

International Trade Council Expresses Concern over Plummeting Chinese Investment in Australia

March 1, 2021

Daisy

Australia, China, Foreign Investments, News

0

Sydney, 1 March 2021 – The International Trade Council (ITC) expresses its concern over the recent 61% drop in Chinese investment in Australia in 2020, marking a six-year low. The drop comes amid growing diplomatic tensions between the two countries, and signals a major challenge to Australia’s economy, which has long benefited from Chinese investment. […]

International Trade Council welcomes Biden’s 100-day review amid supply chain strains

February 24, 2021

Daisy

News, Supply Chain

0

Washington, D.C. – The International Trade Council has welcomed President Joe Biden’s order for officials to find ways to bolster supply chains amidst the global shortage of computer chips that has hit car manufacturers around the world. The initial review is focused on computer chips, pharmaceuticals, rare earth minerals, and large batteries, such as those […]

International Trade Council Reacts to US Blacklisting of Companies with Possible Military Ties

December 22, 2020

Daisy

News, Trade Policy, United States

0

The International Trade Council is closely monitoring the recent move by the United States to blacklist more than 100 Chinese and Russian companies with alleged military ties. The US government has placed export restrictions on these companies and US exporters will be required to obtain a license before they transfer “designated items” to companies on […]

International Trade Council celebrates the signing of the UK-Japan Free Trade Agreement

October 23, 2020

Daisy

Bilateral Trade Relation, Japan, News, United Kingdom

0

The International Trade Council is pleased to announce the signing of the UK-Japan Free Trade Agreement, which marks the United Kingdom’s first major trade pact after Brexit. The deal is expected to strengthen the trade relationship between the two nations, bringing significant benefits to both countries.   Under the agreement, nearly all exports from the […]

Using ISIC Data to Combat Financial Crime and Money Laundering

August 28, 2020

Kristan

ISIC

0

Using ISIC Data to Combat Financial Crime and Money Laundering

Financial crime, and money laundering in particular, remains one of the more persistent and elusive threats to economic stability. It’s a world where obfuscation is the rule, not the exception. Criminals are inventive; they learn, they adapt. Law enforcement and regulators, meanwhile, must continuously refine their tools and methods just to keep pace. Amid this […]

Sector-Specific Growth Forecasting Using ISIC Trends

August 25, 2020

Kristan

ISIC

0

Sector-Specific Growth Forecasting Using ISIC Trends

Forecasting sectoral growth remains both an art and a science, even in our era of vast databases and advanced analytics. While aggregate macroeconomic forecasts—GDP, inflation, labor participation—tend to capture headlines, a great deal of economic dynamism actually plays out at the level of individual sectors. For this reason, longitudinal data organized by International Standard Industrial […]

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

August 21, 2020

Daisy

Europe, News, Trade Agreements, United States

0

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 […]

Tourism Economics: Measuring Visitor Impact Using ISIC Services Codes

August 18, 2020

Kristan

ISIC

0

Tourism Economics: Measuring Visitor Impact Using ISIC Services Codes

Tourism is a powerful force in modern economies—fueling job creation, entrepreneurship, and regional development. But the real impact of visitor spending is often hard to measure. Too frequently, analysis focuses on headline arrivals or hotel occupancy, missing the broader ripple effects across restaurants, transport, entertainment, and retail. To address this gap, economists have turned to […]

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Important Disclaimer: The International Trade Council is not affiliated in any way with the International Trade Centre. The International Trade Centre is a joint subsidiary organ of the United Nations (acting through UNCTAD) and the World Trade Organization. The International Trade Council is an independent peak-body chamber of commerce acting on behalf of its member businesses and governments. If you are looking for the International Trade Centre, please visit www.intracen.org.