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International Trade Council Expresses Concern over Plummeting Chinese Investment in Australia

March 1, 2021

Sydney, 1 March 2021 – The International Trade Council (ITC) expresses its concern over the recent 61% drop in Chinese investment in Australia in 2020, marking a six-year low. The drop comes amid growing diplomatic tensions between the two countries, and signals a major challenge to Australia’s economy, which has long benefited from Chinese investment. […]

U.K. Environment Bill (Nov 2020) – Waste and Resource Efficiency Reporting for Supply Chains (2021)

March 1, 2021

U.K. Environment Bill (Nov 2020) – Waste and Resource Efficiency Reporting for Supply Chains (2021)

With the Royal Assent of the U.K. Environment Bill on November 9, 2020, attention has turned swiftly to the practicalities of implementation. The bill represents one of the most significant overhauls of environmental governance in the United Kingdom in decades. While much of the public focus has been on biodiversity, air quality, and water management, […]

International Trade Council welcomes BidenÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s 100-day review amid supply chain strains

February 24, 2021

Washington, D.C. – The International Trade Council has welcomed President Joe Biden’s order for officials to find ways to bolster supply chains amidst the global shortage of computer chips that has hit car manufacturers around the world. The initial review is focused on computer chips, pharmaceuticals, rare earth minerals, and large batteries, such as those […]

U.S. Corporate Transparency Act (CTA, Dec 2020) – Beneficial Ownership for Supply Chain Verification (2021)

February 15, 2021

U.S. Corporate Transparency Act (CTA, Dec 2020) – Beneficial Ownership for Supply Chain Verification (2021)

The enactment of the U.S. Corporate Transparency Act (CTA) in December 2020 marked a pivotal development in efforts to combat financial crime, with ripple effects now reaching deeply into supply chain governance. While the legislation’s immediate intent focused on preventing money laundering and terrorist financing, its requirements for beneficial ownership disclosure create a significant opportunity—and […]

EU Conflict Minerals Regulation Implementation Report (Jan 2021) – Supply Chain Audits (2021)

February 1, 2021

EU Conflict Minerals Regulation Implementation Report (Jan 2021) – Supply Chain Audits (2021)

The release of the first annual implementation report for the EU Conflict Minerals Regulation in January 2021 provided a timely window into how sectors such as automotive and electronics are responding to the increasingly complex task of auditing their tin, tungsten, tantalum, and gold (commonly referred to as 3TG) supply chains. The Regulation, which came […]

China Failing to Meet Trade Deal Targets with US

January 22, 2021

The International Trade Council has expressed concern over China’s shortfall in meeting its commitment to purchase an extra $200 billion worth of US goods over 2020 and 2021. This commitment was part of a phase one trade deal aimed at resolving the trade war between the world’s two largest economies. The agreement saw China […]

U.S. Food Supply Chain Resiliency Act Proposal (Nov 2020) – Early Compliance Strategies (2021)

January 15, 2021

U.S. Food Supply Chain Resiliency Act Proposal (Nov 2020) – Early Compliance Strategies (2021)

The introduction of the Food Supply Chain Resiliency Act in November 2020 marked a turning point in U.S. agricultural policy thinking, or at least it signaled a new sense of urgency. The proposal, as drafted, aimed to create national transparency across critical food production layers, from farm to processor. While the Act has not yet […]

Canada’s Bill C-14 (Modern Slavery Act, Introduced June 2020) – Preemptive Corporate Actions (2021)

January 1, 2021

Canada’s Bill C-14 (Modern Slavery Act, Introduced June 2020) – Preemptive Corporate Actions (2021)

Since the introduction of Canada’s Bill C-14, the Modern Slavery Act, in June 2020, many retailers and importers have found themselves facing an uncomfortable but necessary reckoning. The bill, though still progressing through the legislative process, has already sent a strong signal: the era of voluntary modern slavery reporting is drawing to a close. For […]

EU Ambassadors Approve EU-UK Trade Deal

December 28, 2020

Brussels, 28 December 2020 – Ambassadors from the 27 EU member states have given their unanimous approval to the EU-UK post-Brexit trade deal, paving the way for it to come into force on 1 January. The UK Parliament is expected to approve it on 30 December. Under EU rules, it can take effect provisionally, […]

International Trade Council Reacts to US Blacklisting of Companies with Possible Military Ties

December 22, 2020

The International Trade Council is closely monitoring the recent move by the United States to blacklist more than 100 Chinese and Russian companies with alleged military ties. The US government has placed export restrictions on these companies and US exporters will be required to obtain a license before they transfer “designated items” to companies on […]

U.S. National Defense Authorization Act (NDAA) for Fiscal Year 2021 – Supply Chain Security Updates

December 15, 2020

U.S. National Defense Authorization Act (NDAA) for Fiscal Year 2021 – Supply Chain Security Updates

The signing of the U.S. National Defense Authorization Act for Fiscal Year 2021 in December 2020 marked yet another turning point in the government’s approach to supply chain security, particularly for defense-related industries. While supply chain resilience has long been a concern for the Department of Defense, the NDAA 2021 codified new priorities that reflect […]

EU Circular Economy Action Plan (2020) – Mandatory Supply Chain Material Flows (2021)

December 1, 2020

EU Circular Economy Action Plan (2020) – Mandatory Supply Chain Material Flows (2021)

The European Union’s Circular Economy Action Plan, first unveiled in March 2020, has quickly become a cornerstone of industrial sustainability policy across the bloc. For manufacturers, particularly those operating within energy-intensive and material-heavy sectors, the Action Plan has introduced not just high-level goals but increasingly detailed expectations for supply chain transparency. One of the most […]

U.S. Uyghur Forced Labor Prevention Act (Signed Dec 2020) – Interim Supply Chain Exclusions (2021)

November 15, 2020

U.S. Uyghur Forced Labor Prevention Act (Signed Dec 2020) – Interim Supply Chain Exclusions (2021)

The Uyghur Forced Labor Prevention Act, signed into law on December 23, 2020, represents one of the most sweeping attempts by the United States to address allegations of forced labor in global supply chains, particularly those linked to the Xinjiang Uyghur Autonomous Region. The Act places a heavy burden on companies, especially in sectors like […]

Canada’s Bill C-15 (UNDRIP Implementation Act, June 2020) – Indigenous Supply Chain Rights (2021)

November 1, 2020

Canada’s Bill C-15 (UNDRIP Implementation Act, June 2020) – Indigenous Supply Chain Rights (2021)

The passage of Canada’s Bill C-15, more formally known as the United Nations Declaration on the Rights of Indigenous Peoples Act, marked a significant shift in how natural resource firms must navigate supply chain operations. After its Royal Assent in June 2020, the legislative framework began reshaping expectations for corporate conduct in regions intersecting with […]

International Trade Council celebrates the signing of the UK-Japan Free Trade Agreement

October 23, 2020

The International Trade Council is pleased to announce the signing of the UK-Japan Free Trade Agreement, which marks the United Kingdom’s first major trade pact after Brexit. The deal is expected to strengthen the trade relationship between the two nations, bringing significant benefits to both countries. Under the agreement, nearly all exports from the […]

Australia’s Modern Slavery Act (2018) – First Supplier Scorecard Pilots (2020)

October 15, 2020

Australia’s Modern Slavery Act (2018) – First Supplier Scorecard Pilots (2020)

The passage of Australia’s Modern Slavery Act in 2018 prompted significant reflection across multiple sectors, but it wasn’t until the first reporting cycles in 2019 that the scale of the challenge became truly clear. Mining firms, manufacturers, retailers—each began grappling, in varying degrees of seriousness, with the Act’s reporting requirements. Yet, for all the initial […]

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