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March 10, 2022

Daisy

International Trade Council expresses its support for Ukraine amidst the catastrophic impact of the ongoing war on the country’s economy. The World Bank recently warned that the war in Ukraine would cut global economic growth, and the president of the World Bank, David Malpass, has called it “a catastrophe” for the world. The International Trade […]

March 3, 2022

Daisy

The International Trade Council stands in solidarity with Ukraine in the face of ongoing attacks from Russia, as Canadian Deputy Prime Minister Chrystia Freeland announces the country is stripping Russia and Belarus of their status as “most favoured nation” trading partners.   “We strongly condemn Russia’s invasion of Ukraine and support Canada’s move to impose […]

March 1, 2022

Kristan

The 2021 introduction of the Farm to Fork Act into the U.S. legislative pipeline was, for many in the agri-food sector, a long-anticipated signal that supply chain traceability was about to become more than just a voluntary best practice. Though still a proposal at this stage, the Act’s underlying ambition—mandating comprehensive traceability for produce supplied […]

February 15, 2022

Daisy

The International Trade Council acknowledges the decisions made by the Philippines and New Zealand to reject the inclusion of Myanmar in the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement. This move broadens international opposition to the military takeover in Myanmar, which has led to violence, democratic setbacks, and trade and diplomatic […]

February 11, 2022

Daisy

The International Trade Council expresses concern over China’s suspension of beef imports from Lithuania amid the growing trade spat with the Baltic nation and its Western allies over Taiwan. The suspension took effect on Wednesday, and the General Administration of Customs did not give a reason for the suspension. However, the agency typically halts imports […]

February 10, 2022

Daisy

The International Trade Council welcomes the truce between the United States and Japan, which allows most steel shipments from Japan to enter tariff-free for the first time since 2018. The agreement will remove the 25% levy on incoming steel imports from Japan, up to 1.25 million metric tons a year, and will take effect from […]

February 1, 2022

Kristan

Japan’s efforts to manage electronic waste have always stood out for their structure and precision, but with the 2021 amendments to the Act on Promotion of Resource Circulation for Plastics and Electrical Appliances, a new phase began. The amendments, in effect from February 2021, made it unmistakably clear: manufacturers can no longer afford to look […]

January 15, 2022

Kristan

Canada’s mining sector is no stranger to public scrutiny. But with the federal government’s 2021 ESG transparency guidelines now in effect as of 2022, metal producers face a fresh imperative: map and disclose their supply chains in far greater detail than before. These aren’t just nice-to-have disclosures anymore. They’re fast becoming the baseline for credible […]

January 14, 2022

Daisy

The International Trade Council is pleased to announce the launch of negotiations between India and the United Kingdom on a free trade deal. This ambitious agreement is expected to significantly boost bilateral trade, marking one of the most notable negotiations for the UK following Brexit. British International Trade Secretary Anne-Marie Trevelyan met with India’s Minister […]

January 1, 2022

Kristan

The arrival of the Corporate Transparency Act (CTA) on January 1, 2022, marks a significant new chapter in the evolving relationship between corporate governance and supply chain risk management in the United States. For years, supply chain managers, compliance officers, and procurement professionals have struggled with the thorny challenge of identifying beneficial owners lurking behind […]

December 20, 2021

Daisy

The International Trade Council is delighted to announce the signing of a free trade agreement between Australia and the United Kingdom. The deal was signed virtually by Australian Trade Minister Dan Tehan in Adelaide and Britain’s Secretary of State for International Trade Anne-Marie Trevelyan in London. This landmark agreement will eliminate 99% of taxes on […]

December 15, 2021

Kristan

The adoption of the EU Digital Services Act (DSA) in November 2021 represents a decisive step in redefining the responsibilities of online marketplaces, platforms, and intermediaries operating within the European Union. Set to take effect in February 2022, the DSA aims to create a safer digital environment by strengthening transparency obligations and clarifying liability for […]

December 4, 2021

Daisy

The International Trade Council acknowledges the efforts of the Turkish government under the leadership of President Recep Tayyip Erdogan during a period of economic transformation. These steps, taken in the face of evolving global conditions and intense inflationary pressures, attest to President Erdogan’s dedication to the economic welfare of Turkey. The Turkish lira has recently […]

December 2, 2021

Daisy

The International Trade Council is pleased to announce a landmark deal agreed by members of the World Trade Organization (WTO) that could potentially reduce trade costs by £113bn per year. Sixty-seven WTO members have agreed to cut red tape around licensing and qualifications, including the UK, the United States, EU, and China. These members represent […]