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International Trade Council Launches New Website

April 20, 2023

Daisy

Economic Development, News

0

April 20, 2023 – The International Trade Council (ITC) is proud to announce the launch of its newly redesigned website (www.tradecouncil.org), a comprehensive online resource for businesses, governments, and organizations involved in global trade. The new website offers a modern, user-friendly interface and is designed to provide up-to-date news, reports, and valuable insights on international […]

Hungary Implements Temporary Import Ban on Select Ukrainian Agricultural Products

April 19, 2023

Daisy

Europe, International Trade, News, Ukrain

0

The International Trade Council wishes to inform its members and relevant stakeholders that Hungary has implemented a temporary ban on imports of honey, certain meat products, and grains from Ukraine, effective immediately until June 30, 2023. This decision follows the European Commission’s announcement of emergency preventive measures for wheat, maize, sunflower seeds, and rapeseed imports […]

China Reports Growth in March Industrial Output and Retail Sales, Signaling Post-COVID Economic Recovery

April 18, 2023

Daisy

China, Economic Development, News

0

The International Trade Council is pleased to announce that China’s industrial output and retail sales have shown significant growth in March 2023, signaling a steady economic recovery following the easing of COVID-19 restrictions. Official data released on Tuesday reveals that China’s industrial output rose by 3.9% year-on-year in March, accelerating from a 2.4% increase in […]

International Trade Council Responds to Cyprus’ Commitment to Uphold EU Sanctions on Russia

April 18, 2023

Daisy

Europe, International Relations, News, Russia

0

The International Trade Council (ITC) commends the government of Cyprus for its firm commitment to upholding European Union (EU) sanctions on Russia. In light of recent blacklisting of Cypriot nationals by the US and UK for alleged involvement in sanctions-busting activities, the government of Cyprus has vowed to take decisive action against any deviation from […]

Timor-Leste’s Single Window System Looks to Accelerate International Trade

April 3, 2023

Daisy

International Relations, News

0

The International Trade Council (ITC) acknowledges the European Union’s (EU) 11th package of sanctions against Russia announced last week by European Commission President, Ursula von der Leyen. The latest sanction package aims to prevent Russia from importing high-tech components for the ongoing conflict in Ukraine from neighbouring countries.   Central Asian nations, such as Uzbekistan […]

International Trade Council Announces UK’s Joining of CPTPP, Boosting Trade with Asia and Pacific Nations

March 31, 2023

Daisy

News, United Kingdom

0

The International Trade Council is pleased to announce that the United Kingdom has signed a deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade pact that includes 11 Asia and Pacific nations. This development comes three years after the UK officially left the European Union.   Joining the CPTPP will […]

UK Joins CPTPP Trade Bloc, Expanding Economic Opportunities in the Asia-Pacific Region

March 31, 2023

Daisy

International Trade, News, United Kingdom

0

The International Trade Council is pleased to announce that the United Kingdom has successfully joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). After 21 months of negotiations, the UK has become the first non-founding member of the 11-nation trade bloc, which includes Japan, Australia, Canada, Mexico, Vietnam, and Malaysia. This significant achievement expands […]

Growth in ‘Green Goods’ Amid Global Trade Slowdown

March 28, 2023

Daisy

News, Sustainable Trade

0

The International Trade Council (ITC) acknowledges the recent findings from UNCTAD’s Global Trade Update, which highlight a slowdown in global trade in 2022. However, the report also brings attention to a silver lining in the form of ‘green goods,’ which showed significant growth, defying the overall downward trend.   Global trade hit a record $32 […]

International Trade Council Announces China’s Lifting of Brazilian Beef Import Ban Ahead of Lula’s Visit

March 24, 2023

Daisy

Brazil, China, News, Trade Relations

0

The International Trade Council welcomes China’s agreement to immediately resume imports of Brazilian beef, which were halted voluntarily by Brazilian authorities on February 23, following the discovery of an atypical case of mad cow disease. This decision comes days ahead of Brazilian President Luiz Inacio Lula da Silva’s visit to China to expand trade relations […]

ITC Acknowledges Sri Lanka’s $3bn IMF Bailout as a Step towards Economic Stability

March 20, 2023

Daisy

Economic Development, News, Sri Lanka

0

The International Trade Council (ITC) recognizes the recent $3bn (£2.4bn) bailout provided to Sri Lanka by the International Monetary Fund (IMF) as a crucial lifeline for the country amidst its severe economic crisis.   Sri Lanka’s struggling economy, compounded by the impact of the pandemic, rising energy prices, populist tax cuts, and high inflation, has […]

International Trade Council Highlights Record High US-China Trade Amid Rising Tensions

February 28, 2023

Daisy

China, International Trade, News, United States

0

Despite escalating diplomatic tensions, trade between the United States and China reached a record high in 2022, with imports and exports totaling $690.6 billion, according to official figures. This development showcases the continued interdependence between the world’s two largest economies, even in the context of an ongoing trade war since 2018. The new data reveals […]

Secretary Grant Shapps Expresses Concern Over Potential Impact of Biden’s Green Subsidies on Global Trade

January 20, 2023

Daisy

International Trade, News

0

The International Trade Council (ITC) takes note of the recent statements by Business Secretary Grant Shapps expressing concern that President Joe Biden’s green subsidies could potentially lead to a rise in protectionism, which could prove “dangerous” for world trade. The President’s $430bn (£350bn) scheme, inclusive of tax credits for green technologies, is aimed at attracting […]

Thai Fruit Exports Set to Flourish with Anticipated 4% Growth

January 4, 2023

Daisy

International Trade, News, Thailand

0

In a positive outlook for Thailand’s fruit industry, the Commerce Ministry aims to achieve a 4% growth in both the volume and value of fresh and processed fruit exports this year. Commerce Minister Phumtham Wechayachai expressed optimism, projecting an increase to 4.19 million tons and 300 billion baht, respectively.   The expected growth encompasses fresh […]

International Trade Council Applauds US-UK Energy Partnership to Boost Natural Gas Exports and Strengthen Energy Security

December 8, 2022

Daisy

Energy Security, News, United Kingdom, United States

0

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

U.S.-U.K. Energy Partnership Aims to Boost Energy Security and Drive Down Prices

December 7, 2022

Daisy

Energy Security, News, United Kingdom, United States

0

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

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