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International Trade Council Applauds EU-New Zealand Free Trade Agreement

July 1, 2022

Daisy

Economic Development, Europe, New Zealand, News

0

The International Trade Council is pleased to announce that the Go Global Awards will be held in Tallinn, Estonia in October 2022 in partnership with Enterprise Estonia. The Go Global Awards celebrate companies that drive the global economy forward through their innovative technologies and strategies. Enterprise Estonia, which won last year’s gold award for Best […]

International Trade Council Announces Canada’s Ban on Single-use Plastics as a ‘historic Step’ Towards Reducing Plastic Pollution

June 20, 2022

Daisy

Canada, News

0

The International Trade Council (ITC) welcomes the decision of the Canadian government to ban the manufacturing and import of “harmful” single-use plastics. The new regulations, announced on 20 June 2022, will be effective from December 2023 and will prohibit the sale and import of checkout bags, utensils, food-service products with plastic that is difficult to […]

International Trade Council Highlights Key Issues at WTO’s High-Level Meeting

June 12, 2022

Daisy

International Trade, News

0

The International Trade Council acknowledges the importance of the ongoing high-level meeting held by the World Trade Organization (WTO) – the first in 4-1/2 years – which brings together over 120 ministers from the organization’s 164 member countries. The meeting is set to address significant issues such as pandemic preparedness, food insecurity, and overfishing.   […]

Taiwan and US Purportedly Working on Trade Deal

May 31, 2022

Daisy

Bilateral Trade Relation, News, Taiwan, United States

0

International Trade Council (ITC) announced that the United States and Taiwan are working on a deal to boost economic cooperation, particularly in the areas of trade, agriculture, and supply chains. The move comes after Taiwan was excluded from the US President Joe Biden’s Indo-Pacific Economic Framework (IPEF). According to sources cited by Bloomberg, the proposed […]

International Trade Council explores India-Russia Rupee-Rouble payment scheme

May 31, 2022

Daisy

Bilateral Trade Relation, India, News, Russia

0

Mumbai, India – India is actively exploring the use of dedicated payment mechanisms for trade with Russia, including a potential Rupee-Rouble payment scheme, to enable existing trade obligations in the wake of sanctions imposed on the Kremlin. This move could also open up opportunities for Indian exporters to ramp up sales to Russia, according to […]

International Trade Council Commends UK’s First Trade Agreement with Indiana

May 27, 2022

Daisy

Bilateral Trade Relation, India, News, United Kingdom

0

London, UK – The International Trade Council has lauded the UK’s first trade agreement with an individual US state, Indiana, as a significant move towards post-Brexit progress. The Memorandum of Understanding (MoU) seeks to enhance the £1.1bn ($1.4bn) worth of goods that Indiana already purchases from the UK. The agreement was signed by UK Trade […]

Biden Pledges $150M to ASEAN to Strengthen Regional Cooperation

May 13, 2022

Daisy

Economic Development, News

0

The International Trade Council reports that US President Joe Biden has committed to investing $150 million in Southeast Asia, supporting infrastructure, security, and anti-pandemic efforts. This announcement comes during the two-day summit held in Washington between the US and the 10-nation Association of Southeast Asian Nations (ASEAN). The goal is to counterbalance China’s increasing influence […]

The ITC’s Global Economic Impact Forum on Ukraine to be Held in Istanbul, July 21-22, 2022

May 11, 2022

Daisy

Economic Development, News, Ukrain

0

Istanbul, Turkey – The Global Economic Impact Forum on Ukraine (TGEIF) will be held on July 21-22, 2022, in Istanbul. This invitation-only event will bring together high-level political, public sector, and business leaders from Fortune 500 companies from across the globe to look at rebuilding Ukraine, discuss investment and trade opportunities, and address the challenges […]

International Trade Council Urges Full Embargo on Russian Energy to Support Ukraine

May 10, 2022

Daisy

Economic Sanctions, News, Russia, Ukrain

0

The International Trade Council is urging for a full embargo on Russian energy imports, in order to support Ukraine amidst the ongoing conflict with Russia. Ukraine’s Finance Minister, Sergeii Marchenko, stated that the embargo would make it harder for Russia to finance their military needs, whilst also levelling the playing field between the two countries. […]

International Trade Council comments on Pakistan’s strategy to boost foreign exchange reserves

April 29, 2022

Daisy

Economic Development, News, Pakistan

0

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 […]

International Trade Council Supports Ukraine Amidst Largest Commodity Shock Since 1970s

April 26, 2022

Daisy

International Trade, News, Ukrain

0

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.   […]

Pakistan Seeks Extension of IMF Programme and Increased Funding

April 26, 2022

Daisy

Financial Regulation, News, Pakistan

0

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 […]

China Cuts Tariffs for New Zealand Wood and Paper: International Trade Council Acknowledges Positive Development

April 7, 2022

Daisy

China, New Zealand, News, Trade Policy

0

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 […]

US Congress Votes to Suspend Russia Trade Status: International Trade Council Provides Insight

April 7, 2022

Daisy

News, Russia, Trade Policy, United States

0

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 […]

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