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Stay Updated with the Latest News from the International Trade Council and Our Members

Swedish Norion Bank Fined 90 Million Kronor Amid Global Push for Stricter AML Compliance

May 29, 2026

Jessica Jumaway

Norion Bank AB has received a formal remark and a substantial 90 million kronor administrative fine from the Swedish Financial Supervisory Authority (FSA) for significant failures in adhering to corporate customer due diligence and anti-money laundering (AML) regulations. This regulatory action, announced on May 28, 2026, underscores the increasing global pressure on financial institutions to […]

India Records Highest-Ever Gross FDI, Yet Faces Significant Repatriation Challenges While Eyeing Global Alternative Status

May 29, 2026

Jessica Jumaway

India achieved its highest-ever gross Foreign Direct Investment (FDI) inflow, reaching $94.5 billion in Fiscal Year 2026 (FY26), marking a nearly 17% increase and the fastest growth in six years. This surge is contributing to new factory establishments, job creation, and the development of industrial parks, according to FrontPage / AIMNetwork. Major investments are concentrated […]

UK and US Pioneer ‘Soft Law’ Pharmaceutical Trade Arrangement

May 29, 2026

Jessica Jumaway

In a notable departure from traditional treaty-based free trade agreements, the United Kingdom and the United States unveiled a unique pharmaceutical trade deal in December 2025. This arrangement forms a component of a broader UK–US Economic Prosperity Deal. Under the terms, the US Government has pledged not to impose tariffs on UK pharmaceutical and medical […]

African Development Bank Bolsters Zambian SMEs with $20 Million Trade Finance Guarantee, Expanding Access to Letters of Credit

May 29, 2026

Jessica Jumaway

The African Development Bank (AfDB) has taken a significant step to boost trade for small and medium-sized enterprises (SMEs) in Zambia, approving a $20 million Trade Finance Guarantee facility for Access Bank Zambia. This strategic initiative is projected to facilitate up to $240 million in trade volumes over a five-year period, directly benefiting Zambian SMEs. […]

UK-GCC FTA Streamlines Origin Rules, While Global Agreements Highlight Complexity for Exporters

May 28, 2026

Jessica Jumaway

In a significant development for international trade, the United Kingdom has successfully concluded a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) countries. The Rules of Origin chapter within this new agreement is designed to facilitate trade by outlining clear criteria for goods to qualify for preferential tariffs, thereby supporting key UK exports […]

Bangladesh Proposes Sweeping Import Policy Revisions, Enhancing Trade Flexibility

May 28, 2026

Jessica Jumaway

The Bangladesh government is currently drafting a new Import Policy Order for 2026-2029, which includes significant proposed changes poised to reshape the nation’s trade finance landscape. These revisions aim to provide greater flexibility for businesses engaged in international commerce, particularly concerning the use and application of Letters of Credit (LCs).   Among the key proposals […]

China’s New Legal Frameworks Prompt Potential Incoterm Shift for Exporters

May 28, 2026

Jessica Jumaway

China has introduced significant legal frameworks in 2026, including a revised Maritime Code effective May 1, 2026, and comprehensive Regulations on Industrial and Supply Chain Security, which took effect on March 31, 2026, according to a May 27, 2026 report by Metro Global. These legislative changes are poised to reshape international trade dynamics, particularly concerning […]

European Supply Chains Navigate Geopolitical Shifts with Enhanced Quality Control and Harmonized Standards

May 28, 2026

Jessica Jumaway

European supply chains are experiencing significant shifts in quality control practices, largely driven by ongoing geopolitical and economic pressures. A notable trend is the move towards direct sourcing from suppliers, a departure from reliance on trading companies, primarily aimed at achieving better prices. This shift, however, necessitates a corresponding increase in stronger supplier due diligence […]

African Trade Finance Receives Multi-Billion Dollar Boost, Bolstering Intra-Continental Commerce

May 28, 2026

Jessica Jumaway

In a significant boost to African trade, the Mauritius Commercial Bank (MCB) has announced a substantial $1 billion trade finance package for the continent, spanning four years. This ambitious program is specifically designed to support letters of credit, guarantees, and various commercial facilities, with the overarching goal of stimulating intra-African trade and strengthening regional corridors. […]

International Trade Council Announces New Strategic Guide to Revolutionize ESG Performance in the Aviation Industry

May 19, 2026

Nina E.

The ESG Logbook offers an essential framework for airlines to integrate sustainability through advanced load management and data governance   May 17, 2026 - The International Trade Council is proud to announce the publication of a landmark new business book, The ESG Logbook: Navigating IFRS Standards, ISO Frameworks, and Airline Data Governance. Authored by industry [...]

International Trade Council Releases Landmark Study on Uzbekistan’s Explosive Agricultural Transformation

May 18, 2026

Nina E.

New publication Beyond the White Gold details the strategic shift from cotton monoculture to a diversified global export powerhouse   May 18, 2026 - The International Trade Council is proud to announce the publication of its latest economic study, Beyond the White Gold: Diversification and Dominance in Modern Uzbek Agriculture. This comprehensive 17-chapter volume chronicles [...]

International Trade Council Unveils Kazakhstan Ascendant to Guide Global Investment in the New Silk Road

May 18, 2026

Nina E.

Comprehensive new business guide offers strategic insights and practical pathways for entering Central Asia’s premier investment destination   May 18, 2026 - The International Trade Council is proud to announce the publication of its latest business guide, Kazakhstan Ascendant: Seizing Opportunity in the New Silk Road. This timely and comprehensive work serves as a definitive [...]

U.S. Trade Court Strikes Down Trump’s Broad 10% Global Tariffs

May 13, 2026

Jessica Jumaway

In a significant development for international trade policy, the U.S. Court of International Trade has ruled against former U.S. President Donald Trump’s 10 percent global tariffs, finding them unjustified under a 1970s trade law. The ruling, decided 2-1 on May 7, 2026, favored small businesses that had challenged the across-the-board tariffs, which initially took effect […]

Rules of Origin Pave Way for China-Africa Trade Surge and RCEP’s Next Evolution

May 13, 2026

Jessica Jumaway

Rules of Origin are emerging as a pivotal factor in shaping global trade dynamics, from fostering new economic partnerships to optimizing the efficacy of established mega-pacts. The full implementation of China’s zero-tariff treatment for all 53 African countries with diplomatic ties, announced on May 6, 2026, is poised to significantly boost trade and investment cooperation […]

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