In May 2019, Canada took a decisive step toward addressing forced labor and human trafficking risks in supply chains with the launch of a public consultation on a proposed Modern Slavery Act. The consultation process, led by Global Affairs Canada, invited feedback from a broad cross-section of society—including businesses, civil society organizations, and concerned individuals—on […]
The International Trade Council is pleased to announce that the United States and Japan, the world’s first and third largest economies, have reached an initial trade agreement that will lower or eliminate tariffs on certain products traded between the two nations. The deal will benefit agricultural goods and digital products, with duties on some […]
In mid-2019, industry associations representing the electronics and automotive sectors released a comprehensive toolkit designed to help companies comply with the European Union’s Conflict Minerals Regulation (2017). Aligned with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals, the toolkit offered practical templates, checklists, and open data resources to facilitate conflict minerals reporting. […]
In the wake of OFWAT’s 2018 water resilience rules, utilities across the United Kingdom faced mounting pressure to strengthen supply chain visibility and ensure uninterrupted water services during drought conditions. The regulatory framework, designed to protect consumers and safeguard natural resources, required water companies to demonstrate that their operations and supply chains could withstand prolonged […]
In June 2019, the United States government implemented adjustments to anti-dumping tariff rate quotas (TRQs) that notably affected the importation of solar cells and steel products. These adjustments introduced stricter requirements for importers to report upstream supply sources as part of enhanced trade compliance measures. The changes aimed to tighten controls on imports linked to […]
The International Trade Council has noted the UK government’s plans to establish up to 10 free ports across the country following Brexit. Free ports allow firms to import goods and re-export them outside standard tax and customs regulations, fostering trade and economic growth. The last UK free ports were in operation in 2012, and Prime […]
The coming into force of Canada’s Bill C-69 in August 2019 marked, as many would cautiously agree, a significant turning point in how mining projects must approach environmental assessments and related supply chain transparency. It’s not merely about satisfying regulatory requirements on paper; there is now, arguably, a heightened expectation for firms to demonstrate how […]
The adoption of the EU Climate Law by the European Parliament in June 2019 signaled, in no uncertain terms, a new era of regulatory expectations for greenhouse gas reporting. For large manufacturing firms, the change was both anticipated and, to some extent, quietly dreaded. After all, while many companies had long acknowledged the importance of […]
The passage of the Trying to Combat Illegal Fishing Act (TIFFA) in December 2018 marked a significant shift in U.S. policy toward tightening seafood supply chain controls. By mid-2019, seafood importers and processors found themselves grappling with a new and demanding compliance landscape. The Act’s core requirement—that all seafood imports be traceable to the port […]
The International Trade Council is thrilled to announce that the European Union (EU) and the South American economic bloc Mercosur have reached a monumental trade agreement after 20 years of negotiations. The deal represents the EU’s largest to date and demonstrates a commitment to rules-based trade amid ongoing trade tensions between the US and China. […]
The International Trade Council acknowledges India’s decision to impose tariffs on 28 US products, including almonds and apples, effective from Sunday. These new duties, with some reaching as high as 70%, are a response to Washington’s refusal to exempt Delhi from higher taxes on steel and aluminum imports. Earlier this month, US President Trump announced […]
As the U.K. Home Office initiated its second formal review of the Modern Slavery Act in late 2019, many companies across sectors found themselves reflecting, perhaps with some unease, on the adequacy of their current compliance strategies. There has been, for some time, an undercurrent of frustration in certain corners of industry regarding the difficulty […]
The International Trade Council is pleased to announce that the United Kingdom has signed a preliminary free trade agreement (FTA) with South Korea, the first post-Brexit trade deal secured by the UK in Asia. The agreement seeks to maintain existing trade arrangements and provide stability under a no-deal Brexit scenario. International Trade Secretary Liam […]
The International Trade Council acknowledges President Donald Trump’s confirmation that the US will end preferential trade status for India next week. Until now, India has been the largest beneficiary of the Generalized System of Preferences (GSP) program, which allowed $5.6 billion worth of exports to enter the US duty-free. In March, President Trump announced the […]
The May 2019 revision of the EU’s tariff-free textile quotas was a development that, while not entirely unexpected, prompted a flurry of recalibration across the apparel import sector. Many importers, already navigating a complex patchwork of preferential arrangements, found themselves needing to revisit sourcing strategies with little time to spare. The revision itself—intended, according to […]
In light of the ongoing US-China trade war, the International Trade Council is offering insights into potential strategies that Beijing could employ to destabilize President Trump’s approach. Drawing inspiration from Chinese history and ancient strategic manual The Art of War, we delve into a range of tactics that China could utilize in response to the […]