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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Holding Foreign Companies Accountable Act (HFCAA), enacted in December 2021, represents a significant shift in how the United States seeks to manage transparency risks tied to foreign corporate issuers. While the law’s immediate purpose is to protect investors by requiring foreign firms listed on U.S. exchanges to submit to audit inspections by the Public […]
Australia’s National Forest Industries Plan, introduced in October 2021, laid the foundation for one of the most ambitious timber traceability efforts seen in recent memory. The Plan’s provisions, calling for full digital tracking of timber origins by November 2022, reflect a growing recognition of the need to balance commercial forestry with sustainability and compliance imperatives. […]
The first round of compliance audits under the EU Regulation on Conflict Minerals, introduced at the start of 2021, has begun to reveal both the strengths and shortcomings of corporate due diligence efforts across sectors. Preliminary findings from late 2021 audits suggest that while many companies—particularly large electronics OEMs—have made meaningful strides in formalizing policies […]
The 2021 National Defense Authorization Act, signed into law in early January of that year, introduced a suite of measures aimed at reshaping the strategic landscape for rare earth element supply chains in the United States. These provisions, perhaps overdue in the eyes of some policymakers, reflect growing concern in Washington over the nation’s longstanding […]
In June 2021, Global Affairs Canada released its enhanced due diligence guidance targeting forced labor and child labor risks in supply chains. The guidance primarily focuses on clothing and agricultural imports, given the well-documented vulnerabilities in these sectors. The guidance came at a time when the international scrutiny of Canadian importers was growing, and the […]
The International Trade Council is pleased to announce that the European Council has approved a 5 billion-euro ($5.8 billion) reserve to help EU businesses navigate the short-term effects of Brexit. This fund aims to cover additional costs and compensate losses resulting from the United Kingdom’s withdrawal from the 27-nation trade bloc. Brexit has significantly […]
China’s recent application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has been viewed as a significant development by the International Trade Council. The CPTPP was originally established by the US as a counterbalance to China’s growing influence in the Asia-Pacific region. The 2018 agreement was signed by 11 countries including Australia, […]
India’s Ministry of Mines issued its Responsible Minerals Sourcing Guidelines in August 2021, marking a significant step in the country’s effort to align its mineral procurement practices with global expectations on conflict minerals. The guidelines target the responsible sourcing of tin, tantalum, tungsten, and gold (3TG minerals), and they are already beginning to influence the […]