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Stay Updated with the Latest News from the International Trade Council and Our Members

Australia and UAE Finalize CEPA as Guatemala Joins South Korea-Central America Trade Pact

August 13, 2026

Jessica Jumaway

In a major expansion of bilateral trade networks, Australia and the United Arab Emirates (UAE) have officially concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA). According to reports from Reuters, the bilateral deal is structured to eliminate tariffs on approximately 99% of Australian exports. The Australian Department of Foreign Affairs and Trade, alongside Bloomberg, […]

Chinese Electric Vehicle Exports Drive Car Carrier Charter Rates to Historic Highs

August 13, 2026

Jessica Jumaway

The global shipping industry continues to grapple with a severe shortage of specialized car carriers, keeping charter rates at historic highs. According to reports from TradeWinds, mid-to-large Pure Car and Truck Carriers (PCTCs) are commanding daily charter rates ranging from $100,000 to $115,000, reflecting an unprecedented supply-demand imbalance in the roll-on/roll-off (RoRo) sector. This sustained […]

Global Regulators and Industry Bodies Push for AI Adoption and Digital Standards in Trade Finance

August 12, 2026

Jessica Jumaway

As the trade finance sector undergoes a rapid transition toward digital platforms, global financial regulators and industry bodies are actively shaping the technological tools and standards used to combat trade-based money laundering (TBML). The Hong Kong Monetary Authority (HKMA) has released a comprehensive set of guidelines urging banks to integrate advanced artificial intelligence (AI) and […]

Saudi Arabia Approves Landmark Investment Law to Streamline Foreign Capital Inflows

August 12, 2026

Jessica Jumaway

Saudi Arabia’s cabinet has approved a sweeping new Investment Law designed to streamline the process for foreign investors and boost foreign direct investment (FDI) in line with its Vision 2030 goals, according to reports from Reuters. The new regulatory framework replaces the previous foreign investment licensing system with a simplified registration process. It guarantees equal […]

Mexico, Vietnam, and India Secure Billions in FDI Amid Global Supply Chain Realignment

August 12, 2026

Jessica Jumaway

Global supply chains are undergoing a significant realignment as multinational corporations redirect capital to emerging manufacturing hubs. According to recent reports from Reuters, Mexico, Vietnam, and India have all recorded substantial increases in foreign direct investment (FDI) driven by nearshoring and diversification strategies. In Latin America, Mexico’s Ministry of Economy reported that the country attracted […]

India and Oman Near Comprehensive Trade Deal as EU-Angola Sustainable Investment Pact Takes Effect

August 12, 2026

Jessica Jumaway

Bilateral trade relations are expanding through new economic partnerships and investment frameworks aimed at fostering sustainable growth and market access. According to reports from Reuters, India and Oman are in the final stages of concluding negotiations for a Comprehensive Economic Partnership Agreement (CEPA). This bilateral trade pact is expected to significantly reduce or eliminate tariffs […]

UK Trade Strategy Advances as CPTPP Entry Takes Effect and South Korea Talks Launch

August 12, 2026

Jessica Jumaway

The United Kingdom has marked a significant milestone in its post-Brexit trade strategy, characterized by the formal implementation of its largest trade agreement since leaving the European Union and the initiation of talks to modernize another key Asian partnership. These developments highlight the UK’s ongoing efforts to establish independent, resilient trade networks that support long-term […]

India and Turkey Restructure Import Policies on Precious Metals and Steel to Protect Local Industries

August 11, 2026

Jessica Jumaway

Governments in key emerging markets are increasingly utilizing Harmonized System (HS) classifications to manage macroeconomic pressures and protect vital domestic industries. In India, the Directorate General of Foreign Trade (DGFT) has amended its import policy for precious metals. According to reports from Reuters, The Economic Times, and Business Standard, India has restricted the import of […]

United Kingdom and Turkey Initiate Negotiations to Upgrade Bilateral Free Trade Agreement

August 11, 2026

Jessica Jumaway

According to a report by Reuters, the United Kingdom and Turkey have formally agreed to initiate negotiations to upgrade their existing free trade agreement. The announcement marks a collaborative effort to modernize their bilateral trade relationship and expand cooperation into new economic sectors. As reported by the Financial Times and Bloomberg, the updated agreement aims […]

United States and Mexico Launch Joint Customs Enforcement to Prevent Steel and Aluminum Tariff Evasion

August 11, 2026

Jessica Jumaway

In a joint effort to combat tariff evasion, the United States and Mexico implemented a new customs enforcement mechanism on August 6, 2026. According to the Office of the United States Trade Representative (USTR), the primary source of the announcement, the joint initiative requires importers of steel and aluminum products to declare the country of […]

Global Agricultural Trade Flows Stabilize as Ukraine, India, and Brazil Adjust Export Strategies

August 11, 2026

Jessica Jumaway

Global agricultural trade is experiencing notable shifts as major exporting nations adjust their strategies to stabilize international markets and manage domestic supplies. Recent developments in Ukraine, India, and Brazil highlight how these key players are navigating geopolitical challenges, weather patterns, and shifting demand to maintain the flow of essential commodities. In Ukraine, the unilateral Black […]

South Africa Imposes New E-Commerce Duties as US Expands Forced Labor Entity List

August 10, 2026

Jessica Jumaway

South African Revenue Service (SARS) officially implemented its restructured customs duty and VAT regime for low-value e-commerce imports. According to reports from Reuters, Daily Investor, and TechCentral, the new regulations are specifically aimed at leveling the playing field for local brick-and-mortar retailers, who have faced intense competition from Chinese fast-fashion e-commerce giants. Under the newly […]

China Navigates Shifting Trade Relations with EU Brandy Probe and Australian Beef Normalization

August 10, 2026

Jessica Jumaway

Trade dynamics in the Asia-Pacific region continue to shift as China manages complex trade relationships through both regulatory scrutiny and market reopening. On August 5, 2026, China’s Ministry of Commerce hosted a formal hearing in Beijing regarding its ongoing anti-dumping investigation into brandy imported from the European Union, according to Reuters. The hearing provided a […]

United States and European Union Extend Steel and Aluminum Tariff Truce Amid Ongoing Negotiations

August 10, 2026

Jessica Jumaway

The United States and the European Union have agreed to maintain their suspension of retaliatory tariffs on steel and aluminum, according to a Bloomberg report on August 4, 2026. This extension keeps a critical trade truce in place as both sides continue difficult negotiations over global metal production and environmental standards. The Financial Times and […]

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