Canada’s Modern Slavery Act, passed quietly in 2018, began to show its sharper teeth in 2023. For the first time, Canadian courts issued orders compelling companies—some large, some perhaps caught off guard—to produce modern slavery statements. This development, anticipated by some and surprising to others, signals that the enforcement phase of the legislation is no […]
New Zealand’s seafood industry is set to receive a significant boost with the signing of a free trade agreement (FTA) with the European Union on 9th July. The agreement, signed a year after the conclusion of negotiations in June 2022, is expected to eliminate most export tariffs, enhance market access, and reduce compliance requirements, fostering […]
E-government has become more than a vision of digital convenience. For many policymakers and businesses, it’s now a practical necessity—an answer to the growing demands for efficiency, transparency, and international integration. But as more economic activity spans borders, traditional administrative systems often become a bottleneck rather than a bridge. The International Standard Industrial Classification (ISIC) […]
The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]
The International Trade Council observes recent developments in the foreign direct investment (FDI) landscape in the Middle East and North Africa (MENA) region. As reported by the United Nations Conference on Trade and Development’s (UNCTAD) 2023 World Investment Report, the United Arab Emirates (UAE) has achieved a historic milestone in FDI inflow, while Saudi Arabia […]
Toronto, Canada, 4 July 2023 –  Surecomp ® today announced that it has been placed in the Leaders Category of the  IDC MarketScape: Worldwide Trade Finance Systems 2023 Vendor Assessment  (doc #US49436622, 28 June 2023). The result of a rigorous and independent evaluation of eleven trade finance vendors, the IDC MarketScape states that “Surecomp […]
When the US-Egypt Free Trade Agreement was first signed back in 2004, few could have predicted how radically the conversation around supply chain transparency would shift over the following two decades. The agreement was functional, if somewhat conventional, focusing largely on tariff reductions and basic market access provisions. But the 2022 renegotiation of the FTA—finalized […]
The International Trade Council (ITC) acknowledges the latest findings by Nikkei that Japanese companies are on track to set a new record in capital investment, reaching 31.6 trillion yen ($223 billion) in the 2023 fiscal year. This represents an increase of 16.9% from the previous fiscal year across all industries. Based on the survey encompassing […]
The International Trade Council (ITC) recognizes the substantial interest rate hike enacted by the Turkish Central Bank as an important move towards more traditional economic strategies to tackle persistent high inflation. The 6.5 percentage points increase to 15% signifies a shift in monetary policy and could be an early indicator of economic recovery. Despite the […]
The International Trade Council (ITC) has echoed the call made by the Swiss National Bank (SNB) for a thorough review of the ‘Too Big to Fail’ (TBTF) regulatory framework, following the recent crisis involving Credit Suisse. The Swiss lender, one of 30 large international banks subjected to intensified scrutiny due to its potential impact […]
The International Trade Council (ITC) has noted a significant easing of inflation across Europe, with rates falling to 6.1% from 7% in April 2023, as reported by Eurostat. Despite this decline, the ITC recognizes the ongoing strain on consumers, who are still grappling with high prices for food and other essential goods. Europe’s largest […]
The International Trade Council is thrilled to announce the release of its insightful publication, “Going Abroad: Foreign Direct Investment for Businesses Looking to Expand Internationally”. The contents of the book include: An Introduction to Foreign Direct Investment (FDI) The Advantages of FDI for Global Enterprises Market Analysis and Spotting FDI Opportunities Governmental Support for […]
June 15, 2023 – The International Center for Trade Transparency Limited is proud to announce the release of the comprehensive guide “Post-war Foreign Direct Investment in Ukraine,” authored by the Honorable Iain Evans, former S.A. Leader of the Liberal Party of Australia and former Minister of Trade. The book offers an insightful and detailed examination […]
When the EU Conflict Minerals Regulation came into force in 2017, the electronics sector was among the industries most directly affected. It’s perhaps no surprise. The very components that power our modern devices—tiny yet critical—are often the ones most entangled in complex, opaque supply chains. From 2017 through 2022, regulators, companies, and civil society groups […]
Proudly hosted by InternetShine Corporation for the second time in Dubai, the FiNext 2023 conference is the 5th edition globally and continues to uphold its mission to highlight and celebrate exceptional achievements in both traditional finance and FinTech sectors. This distinguished event facilitates innovative dialogue, fostering networking opportunities, and serves as a stage for […]
The International Trade Council (ITC) is deeply concerned over the ongoing labor dispute at the Port of Seattle that has led to its closure. The disruption is the result of an unresolved labor conflict involving the International Longshore and Warehouse Union (ILWU). The Port of Seattle, a crucial hub for U.S. agricultural exports, forms part […]