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International Trade Council Addresses Tensions at Mercosur Summit

December 7, 2022

MONTEVIDEO, Uruguay, December 7, 2022 Ã‚Â ÃƒÂ¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬” The International Trade Council addresses the tensions that arose during the recent Mercosur summit, as Uruguay expressed its desire to pursue foreign markets despite opposition from Brazil, Argentina, and Paraguay. Uruguayan President Luis Lacalle Pou highlighted the need for his country to “open up to the world,” expressing intentions […]

Addressing Green Subsidies Concerns at EU-US Tech Summit: A Step Towards Global Trade Harmony

December 6, 2022

The International Trade Council acknowledges the persistent discussions surrounding green subsidies between the European Union and the United States at the latest Trade and Technology Council (TTC) meeting. The summit, held at the University of Maryland, marked an important step in the progression of international cooperation on economic and technological matters. EU representatives, Vice Presidents […]

India Affirms Commitment to Energy Priorities Amidst Russian Oil Purchase Decision

December 5, 2022

The International Trade Council (ITC) acknowledges India’s recent indication that it will continue to prioritize its own energy needs and maintain its purchase of oil from Russia. While recognizing India’s sovereign right to make its energy choices, the ITC emphasizes the importance of considering the ongoing conflict in Ukraine and the potential consequences of supporting […]

US-EU Dialogue Reinforces Commitment to Collaboration on Trade and Technology Issues

December 5, 2022

The International Trade Council is pleased to acknowledge the ongoing efforts between the United States and the European Union to align on key issues of trade and technology. In a recent meeting of the bilateral Trade and Technology Council (TTC) near Washington DC, representatives from the two largest economies in the world reiterated their commitment […]

Mexico and US Seek Continued Dialogue on Trade Disputes

December 2, 2022

The International Trade Council (ITC) acknowledges the recent proposal by Mexico’s economy secretary for further talks with the United States regarding the ongoing dispute over Mexico’s energy sector. The ITC supports the commitment of both nations to engage in dialogue to resolve their differences and avoid a full-fledged trade complaint under the U.S.-Mexico-Canada trade agreement. […]

International Trade Council Commends President Biden and President Macron’s Commitment to Unity and Trade Discussions

December 2, 2022

The International Trade Council (ITC) acknowledges the recent meeting between President Joe Biden and President Emmanuel Macron, where they reaffirmed their shared commitment to unity against Russia and engaged in discussions regarding trade concerns. During their meeting, the leaders emphasized the importance of standing together against Russian aggression in Ukraine. President Biden reiterated the […]

International Trade Council Welcomes German Parliament’s Approval of EU-Canada Trade Pact

December 1, 2022

The International Trade Council (ITC) applauds the decision of the German parliament to approve the free-trade agreement between the European Union (EU) and Canada, taking an important step towards the full implementation of the Comprehensive Economic and Trade Agreement (CETA). The CETA, signed in 2016, has been provisionally applied since 2017, with most of […]

UK Strikes Digital Trade Deal With Ukraine

November 30, 2022

International Trade Council announces the UK-Ukraine digital trade agreement, in a move to boost Ukraine’s economy amid challenges from the war and infrastructure damages. The deal was struck at a London meeting between the UK Trade Secretary Kemi Badenoch and Ukraine’s Minister for Trade and Economy Yulia Svyrydenko. The agreement aims to facilitate cross-border flows […]

International Trade Council Urges Dialogue to Resolve Mexico-US Dispute over GM Corn

November 30, 2022

The International Trade Council (ITC) acknowledges the ongoing commercial dispute between Mexico and the United States concerning Mexico’s ban on imports of genetically modified (GM) yellow corn. The ITC urges both parties to engage in constructive dialogue to find a mutually beneficial resolution to the issue. Mexico’s President, AndrÃƒÂ Ã‚Â©s Manuel LÃƒÂ Ã‚Â³pez Obrador, has […]

Canada’s Women’s Empowerment Principles (WEPs, 2017) – Supply Chain Gender Transparency (2022)

November 30, 2022

Canada’s Women’s Empowerment Principles (WEPs, 2017) – Supply Chain Gender Transparency (2022)

When Canada’s Procurement Strategy for Aboriginal Business and the wider federal supplier diversity framework incorporated enforcement of the Women’s Empowerment Principles (WEPs) reporting requirements in 2022, it represented a quiet but significant shift in the landscape of supply-chain accountability. These principles, adopted back in 2017 and often seen as aspirational guidelines, took on a more […]

Australia Ratifies Free Trade Agreements with India and Britain

November 22, 2022

The International Trade Council is delighted to announce that the Australian Parliament has passed bilateral free trade agreements with India and Britain. This important step will enable both Australia and its partner nations to diversify their trade relations, as Australia seeks alternatives to the Chinese market and Britain continues to establish new bilateral trade partnerships […]

Continued Support for Ukraine’s Grain Export: Extension of the Black Sea Grain Initiative

November 17, 2022

The International Trade Council is pleased to announce that the agreement enabling safe and secure export of grain, foodstuff, and fertilisers from Ukraine has been extended for an additional four months. The Black Sea Grain Initiative, a cooperative venture involving Ukraine, Russia, Turkey, and the United Nations, has proven crucial in curbing the global […]

US Chip Shortage Executive Order (EO 14017, Feb 2021) – Semiconductors Supply Chain Mapping (2022)

November 16, 2022

US Chip Shortage Executive Order (EO 14017, Feb 2021) – Semiconductors Supply Chain Mapping (2022)

The Biden Administration’s Executive Order 14017, issued in February 2021, came at a moment of acute concern over the resilience of the United States’ semiconductor supply chain. It was not just a reaction to the visible disruptions that dogged the auto sector, consumer electronics, and even defense contractors as the pandemic rippled through global manufacturing. […]

ITC Acknowledges Australian Prime Minister’s Efforts to Address Trade “Blockages” with China

November 15, 2022

The International Trade Council (ITC) commends the Australian Prime Minister, Anthony Albanese, for raising concerns about trade “blockages” with Chinese President Xi Jinping during their recent face-to-face meeting on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia. The bilateral meeting between the leaders of Australia and China marks an important step […]

EU Directive on Corporate Governance (Non-Financial Reporting, 2013) – 2022 Compliance Update

November 2, 2022

EU Directive on Corporate Governance (Non-Financial Reporting, 2013) – 2022 Compliance Update

The EU’s Non-Financial Reporting Directive (NFRD), in force since 2013, has been something of a slow-burn regulatory force. For much of its early existence, companies affected by it—large public-interest entities mainly—treated the obligation as a disclosure exercise that could be satisfied by assembling environmental, social, and governance (ESG) information in a fairly general way. There […]

Australia’s National Plastics Plan (2021) – Data Transparency Pilot (2022)

October 19, 2022

Australia’s National Plastics Plan (2021) – Data Transparency Pilot (2022)

Australia’s National Plastics Plan, first introduced in 2021, has always had an ambitious edge, though some would argue its ambition has at times outpaced the practical tools available to those on the front lines of implementation. The 2022 open-data pilot, launched quietly but with considerable significance, marked the government’s first real push to operationalize transparency […]

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