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May 1, 2022

Kristan

Supply Chain

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Bill C-13, also known as the Digital Charter Implementation Act, 2021, represents one of the most significant overhauls of Canadian privacy law in decades. With the legislation taking effect in November 2022, many Canadian firms—particularly those engaged in cross-border trade and logistics—have been steadily waking up to its profound implications. For supply chain managers, compliance […]

Karachi, Pakistan – The International Trade Council has announced that Pakistan has a plan in place to boost its shrinking foreign exchange reserves, despite being heavily reliant on imports of essential fuel, cooking oil and pulses. The country’s finance minister, Miftah Ismail, has confirmed that the government has a “strategy” in place to increase its […]

April 26, 2022

Daisy

International Trade, News, Ukrain

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April 26, 2022 – The International Trade Council (ITC) is concerned about the impact of the Ukraine-Russia war on global commodity prices, with the World Bank forecasting the “largest commodity shock” since the 1970s. The ITC acknowledges the warning from the World Bank and is supportive of Ukraine as it faces this challenging situation.   […]

Islamabad, Pakistan – The Pakistani Finance Minister, Miftah Ismail, has announced that Pakistan is seeking an increase in the size and duration of its $6bn International Monetary Fund (IMF) programme. Following discussions with the IMF in Washington, Ismail requested that the fund extend the programme for another year and enhance the funding available to Pakistan […]

April 15, 2022

Kristan

Supply Chain

0

The introduction of the US Senate’s “Right to Repair” bill in early 2022 marked a significant moment in the long-running debate over consumer rights, electronics durability, and supply-chain transparency. For years, advocates had been calling for measures that would curb what they view as artificial barriers to product longevity—whether that means locked-down software, unavailable replacement […]

April 7, 2022

Daisy

China, New Zealand, News, Trade Policy

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The International Trade Council acknowledges the recent announcement by China’s Ministry of Finance to cut tariffs on wood and paper from New Zealand. The decision is expected to boost trade and investment between the two countries and foster economic growth. China will eliminate tariffs on 12 wood and paper products imported from New Zealand from […]

Washington, D.C. – The International Trade Council provides insight into the recent vote by the United States Congress to suspend Russia’s ‘most favoured nation’ trade status and ban imports of Russian oil. The Council urges all parties to engage in constructive dialogue to ensure that international trade and economic stability are maintained. With the US […]

The International Trade Council welcomes the recent signing of the Australia-India Economic Cooperation and Trade Agreement, which signals an intention by the two nations to forge closer trade ties.   The virtual ceremony took place on April 2, with Australia’s Prime Minister, Scott Morrison, and his Indian counterpart, Narendra Modi, witnessing the event.   According […]

The International Trade Council is pleased to announce the conclusion of negotiations between Israel and the United Arab Emirates for a free trade agreement. The deal, which was reached after four rounds of negotiations, including a meeting in Egypt last month between Israeli Prime Minister Naftali Bennett and the UAE’s de facto leader, Abu Dhabi […]

April 1, 2022

Kristan

Supply Chain

0

The implementation of the EU Conflict Minerals Regulation (2017/821) has continued to reshape supply chain governance, particularly for sectors where tin, tantalum, tungsten, and gold—so-called 3TG minerals—are essential inputs. Nowhere has this been felt more keenly than in the automotive industry, where Tier 1 suppliers find themselves navigating complex global sourcing relationships under intense scrutiny. […]

March 15, 2022

Kristan

Supply Chain

0

The release of the first parliamentary review of Australia’s Modern Slavery Act (2018), published towards the end of 2021, marked an important, though perhaps somewhat sobering, milestone in the country’s effort to combat forced labour and exploitation in supply chains. For those of us tracking the Act’s implementation, the review’s findings were hardly surprising, yet […]

The International Trade Council stands in solidarity with Ukraine in the face of ongoing attacks from Russia, as Canadian Deputy Prime Minister Chrystia Freeland announces the country is stripping Russia and Belarus of their status as “most favoured nation” trading partners.   “We strongly condemn Russia’s invasion of Ukraine and support Canada’s move to impose […]

March 1, 2022

Kristan

Supply Chain

0

The 2021 introduction of the Farm to Fork Act into the U.S. legislative pipeline was, for many in the agri-food sector, a long-anticipated signal that supply chain traceability was about to become more than just a voluntary best practice. Though still a proposal at this stage, the Act’s underlying ambition—mandating comprehensive traceability for produce supplied […]