When crisis hits—like it did during the pandemic—governments are pressed to act fast, and act smart. The instinct is to throw a wide safety net over entire sectors, hoping no jobs slip through. But the reality is always more granular. Not every corner of manufacturing is hit the same way, and not every job is […]
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 […]
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. […]
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 […]
International Trade Council expresses its support for Ukraine amidst the catastrophic impact of the ongoing war on the country’s economy. The World Bank recently warned that the war in Ukraine would cut global economic growth, and the president of the World Bank, David Malpass, has called it “a catastrophe” for the world. The International Trade […]
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 […]
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 […]
For all the talk about the transition to green energy, real progress is measured in projects on the ground—wind farms going up on rural hills, solar panels stretching across rooftops, new hydro stations along rivers that barely made the news. If you want to know how a country or region is moving toward renewables, you […]
Risk is the business of insurance. For centuries, underwriters have weighed the likelihood of loss—whether from fire, theft, accident, or natural disaster—to set premiums that are both fair to policyholders and financially sound for the insurer. The evolution of this process, particularly in an era of big data and complex supply chains, has made industry […]
The International Trade Council welcomes the decision of the United States Department of Agriculture (USDA) to lift the ban on Mexican avocado imports to the US. The ban, which was triggered by a threat to a US food inspector, had halted the primary supply of avocados to the US. The import ban had a […]
The International Trade Council acknowledges the decisions made by the Philippines and New Zealand to reject the inclusion of Myanmar in the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement. This move broadens international opposition to the military takeover in Myanmar, which has led to violence, democratic setbacks, and trade and diplomatic […]
The European Union’s Plastics Strategy, formally adopted in 2020, was ambitious from the outset. By setting out targets like the requirement for 30% recycled content in all PET bottles by 2030, the EU signaled that voluntary commitments were no longer sufficient. It was always going to be about moving the market, not merely nudging it. […]
The International Trade Council expresses concern over China’s suspension of beef imports from Lithuania amid the growing trade spat with the Baltic nation and its Western allies over Taiwan. The suspension took effect on Wednesday, and the General Administration of Customs did not give a reason for the suspension. However, the agency typically halts imports […]