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International Trade Council Applauds the Revival of Tariff-Free Sugar Trade Between Australia and the UK

September 5, 2023

Daisy

Australia, News, Trade Agreements, United Kingdom

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The International Trade Council welcomes the significant milestone of the first shipment of raw sugar from Australia to the United Kingdom under the newly established free trade agreement between the two nations. This historic trade event marks the reopening of a valuable market for Australian sugar suppliers and underscores the positive impact of international trade […]

China’s Multilateral Trade with BRICS and Africa Demonstrates Significant Growth in the First 7 Months of 2023

September 5, 2023

Daisy

Africa, China, News, Trade Agreements

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In recent data released by the Chinese General Administration of Customs, it has been revealed that China’s imports and exports with fellow BRICS members experienced notable growth of 19.1% year-on-year, reaching ¥2.38 trillion (approximately US$330.62 billion) between January and July 2023. The BRICS, comprised of Brazil, Russia, India, China, and South Africa, have collectively strengthened […]

International Trade Council Takes Note of Israel’s Exploration of a Free Trade Agreement with Bahrain

September 4, 2023

Daisy

Bahrain, Middle East, News, Trade Agreements

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Israeli Foreign Minister, Eli Cohen, recently visited Bahrain and explored the possibility of signing a free trade agreement with the Gulf nation. The International Trade Council acknowledges these diplomatic discussions, aimed at fostering economic cooperation and enhancing regional stability.   During his official visit to Bahrain, Minister Cohen was accompanied by a business delegation representing […]

International Trade Council Welcomes Canada’s Forthcoming Strategic Partnership with ASEAN

September 4, 2023

Daisy

News, Southeast Asia, Trade Agreements

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The International Trade Council warmly acknowledges the impending strategic partnership between Canada and the Association of Southeast Asian Nations (ASEAN). This significant move is set to be formalized during Prime Minister Justin Trudeau’s upcoming visit to Indonesia, where he will meet with Indonesian President Joko Widodo among other dignitaries. The forthcoming partnership underscores Canada’s increasingly […]

Hungary’s Prime Minister Rejects Ukraine’s NATO Membership and Advocates for Dialogue

August 31, 2023

Daisy

News, Trade Agreements, Ukrain

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Budapest, August 30, 2023 – Viktor Orban, the Prime Minister of Hungary, has expressed his opposition to the potential integration of Ukraine into the North Atlantic Treaty Organization (NATO). The statement was made today, according to reports published by Prensa Latina. Prime Minister Orban also emphasized the importance of pursuing dialogue with Russia in addressing the […]

International Trade Council Participates in GTR Asia 2023; Calls for More Companies to Seize the Opportunity

August 30, 2023

Daisy

International Trade, News

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SINGAPORE, August 30, 2023 – The International Trade Council (ITC) proudly announces its participation in the prestigious GTR Asia 2023 event, set to be held in Singapore on September 5-6. As Asia’s leading event for the trade, treasury, commodities, and fintech sectors, this is a golden opportunity for companies worldwide to delve deep into the dynamics […]

India Allocates Rice Export Quotas to Bhutan, Singapore, and Mauritius

August 29, 2023

Daisy

Agricultural Exports, India, News, Singapore

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– In a move to foster international trade relationships and meet global demand, India has announced the allocation of export quotas for non-basmati white rice to Bhutan, Mauritius, and Singapore. The decision was officially communicated by the Indian government in a statement.   Under this allocation, India will permit the export of 79,000 metric tons […]

U.S. Establishes New Investment Restrictions in China

August 29, 2023

Daisy

China, International Trade, News, United States

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In a recent announcement from the Biden administration, the U.S. has unveiled a new set of investment restrictions targeting certain sectors in China, Hong Kong, and Macau. Aimed primarily at safeguarding national security, these measures do not seek to hinder economic competition.   The executive order comes as a result of concerns over potential transfers […]

Implications of Global Economic Fragmentation and the Need for Increased Cooperation

August 28, 2023

Daisy

Global Economic Trends, News

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In the face of unexpected global events, economies across the world need to foster resilience both individually and collectively. It’s essential to prioritize collaboration, as heightened protectionism could potentially lead to economic fragmentation or divisions among nations, particularly at times when the world’s economic vulnerability is evident.   Analyses indicate that if international trade restrictions […]

Vietnam Experiences Positive Growth in Foreign Investment

August 28, 2023

Daisy

Foreign Direct Investment, News, Vietnam

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The International Trade Council is pleased to share recent data underscoring Vietnam’s position as an increasingly attractive destination for foreign investment. As reported by Vietnam’s Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an […]

Observations on the Shift in Foreign Direct Investment in Portugal

August 28, 2023

Daisy

Foreign Direct Investment, News, Portugal

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The International Trade Council wishes to highlight recent data concerning Foreign Direct Investment (FDI) in Portugal for the first half of the year. According to figures released by the Bank of Portugal, FDI in Portugal totaled €2 billion, reflecting a 57% decline when juxtaposed with the corresponding period in 2022.   The predominant avenue for […]

Mexico’s Auto Assembly Sector Sees Unprecedented Growth in Foreign Direct Investment

August 25, 2023

Daisy

Foreign Direct Investment, Mexico, News

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The International Trade Council is thrilled to spotlight Mexico’s automotive sector, which has registered a record-breaking foreign direct investment (FDI) of US$5,024 million in the first half of 2023. This milestone is not just an all-time high for a six-month span but also surpasses the previous annual record of $4,281 million achieved in 2019. Mexico’s […]

Türkiye Records $4.8 Billion in Foreign Direct Investments During H1 2023

August 24, 2023

Daisy

Foreign Investments, News, Turkey

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The International Trade Council acknowledges the recent announcement that Türkiye received foreign direct investments (FDI) totaling $4.8 billion (TL 125.9 billion) in the first half of 2023, as reported by Engin Aksoy, Chairperson of Türkiye’s International Investors Association (YASED). Of this FDI inflow, $2.5 billion was attributed to mergers, acquisitions, or direct capital inflows, as […]

PM Modi Highlights India’s Efforts to Foster Trade and Investment at G20 Meeting

August 24, 2023

Daisy

India, News, Trade and Investments

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The International Trade Council takes note of Prime Minister Narendra Modi’s address at the G20 Trade and Investment ministerial meeting, where he underscored India’s transition from “red tape” to a more favorable investment climate, emphasizing a shift towards liberalized Foreign Direct Investment (FDI) flows over the past nine years. During the virtual address to the […]

Foreign Direct Tourism Investment in Mexico Surpasses US$1.4 Billion, Reflecting Confidence in the Nation’s Appeal

August 24, 2023

Daisy

Foreign Direct Investment, Mexico, News

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The International Trade Council is pleased to highlight the significant strides in Foreign Direct Investment in Tourism (FDIT) in Mexico, which reached an impressive milestone of US$1.4 billion during the first half of 2023. This noteworthy achievement constitutes approximately 4.9% of the total National Foreign Direct Investment, as revealed by the Ministry of Tourism.   […]

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