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USMCA: Agreement Reached on NAFTA Trade Deal Replacement

November 10, 2019

Daisy

News, Trade Agreements

0

The International Trade Council is pleased to announce that the US, Mexico, and Canada have finalized a trade deal to replace the 25-year-old North American Free Trade Agreement (NAFTA). Representatives from the three countries signed the pact in Mexico, marking a significant milestone in the renegotiation process. The agreement was reached after Democrats in the […]

The EU-Japan Trade Deal: Unveiling New Horizons for Small Businesses

November 4, 2019

Daisy

Europe, Japan, News, Trade Agreements

0

The International Trade Council commends the remarkable progress that has been achieved through the EU-Japan Economic Partnership Agreement (EPA), often referred to as the ‘cars-for-cheese’ deal, and spotlights the significant opportunities it opens up for small and medium-sized enterprises (SMEs).   The EPA, which came into effect earlier this year, represents nearly 30% of global […]

WTO Warns Trade Wars Threaten Living Standards and Jobs

October 1, 2019

Daisy

News, Trade Policy

0

The World Trade Organization (WTO) has significantly reduced its trade growth forecast for 2019, warning that ongoing trade wars and slower growth in major economies could negatively impact living standards and employment. The organization now predicts a 1.2% growth in trade volumes this year, a considerable drop from its earlier 2.6% projection. The WTO has […]

UK Signs Economic Partnership Agreement with Six African Nations Ensuring Trade Continuity Post-Brexit

October 1, 2019

Daisy

Africa, News, Trade Agreements, United Kingdom

0

The International Trade Council is pleased to announce that the UK has signed an economic partnership agreement with the Southern African Customs Union and Mozambique (SACU+M). The agreement ensures continued free trade between the UK and South Africa, Botswana, Lesotho, Namibia, Eswatini, and Mozambique after Brexit.     Businesses in both regions will benefit from […]

US and Japan Agree Initial Trade Deal Focusing on Agriculture

September 27, 2019

Daisy

Japan, News, Trade Agreements, United States

0

The International Trade Council is pleased to announce that the United States and Japan, the world’s first and third largest economies, have reached an initial trade agreement that will lower or eliminate tariffs on certain products traded between the two nations.   The deal will benefit agricultural goods and digital products, with duties on some […]

India Imposes Retaliatory Tariffs on US Products

June 15, 2019

Daisy

India, News, Trade Policy, United States

0

The International Trade Council acknowledges India’s decision to impose tariffs on 28 US products, including almonds and apples, effective from Sunday. These new duties, with some reaching as high as 70%, are a response to Washington’s refusal to exempt Delhi from higher taxes on steel and aluminum imports. Earlier this month, US President Trump announced […]

UK Secures First Post-Brexit Free Trade Agreement with South Korea

June 10, 2019

Daisy

News, South Korea, Trade Agreements

0

The International Trade Council is pleased to announce that the United Kingdom has signed a preliminary free trade agreement (FTA) with South Korea, the first post-Brexit trade deal secured by the UK in Asia. The agreement seeks to maintain existing trade arrangements and provide stability under a no-deal Brexit scenario.   International Trade Secretary Liam […]

US Terminates Preferential Trade Status for India Amid Tariff Dispute

June 1, 2019

Daisy

India, News, Trade Policy, United States

0

The International Trade Council acknowledges President Donald Trump’s confirmation that the US will end preferential trade status for India next week. Until now, India has been the largest beneficiary of the Generalized System of Preferences (GSP) program, which allowed $5.6 billion worth of exports to enter the US duty-free. In March, President Trump announced the […]

US-China Trade War: Tensions Rising

May 29, 2019

Daisy

China, News, Trade Relations, United States

0

In light of the ongoing US-China trade war, the International Trade Council is offering insights into potential strategies that Beijing could employ to destabilize President Trump’s approach. Drawing inspiration from Chinese history and ancient strategic manual The Art of War, we delve into a range of tactics that China could utilize in response to the […]

International Trade Council: “World Markets React to US-China Trade Tensions”

May 9, 2019

Daisy

China, News, Trade Relations, United States

0

The International Trade Council is closely monitoring the impact of US-China trade tensions on global markets. As President Trump vows to double tariffs on $200bn of Chinese goods, stock markets worldwide have experienced significant losses.   Japan’s Nikkei 225 index lost 1.5% on Wednesday, following a 1.8% drop in the Dow Jones. European markets also […]

Trans Pacific Partnership (TPP) Maintains Momentum at APEC Summit Despite US Withdrawal

November 11, 2018

Daisy

News, Trade Agreements, United States

0

The International Trade Council commends the continuous progress made by member countries of the Trans Pacific Partnership (TPP) at the Asia Pacific Economic Cooperation (APEC) summit in Vietnam, in spite of the absence of the United States following President Trump’s decision to withdraw.   During the APEC summit, President Trump reiterated his ‘America First’ stance, […]

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