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

Korea Customs Service Mandates Precise HS Codes for All E-Commerce Imports

September 9, 2026

Jessica Jumaway

The Korea Customs Service (KCS) has announced new regulations that will mandate the submission of precise Harmonized System (HS) codes for all personal cross-border e-commerce imports. As reported by Pulse News, this regulatory update represents a significant tightening of South Korea’s customs clearance procedures for individual consumer purchases from overseas platforms. Previously, South Korea utilized […]

China and South Africa Strengthen Economic Ties Through New Agricultural Export Contracts

September 4, 2026

Jessica Jumaway

China and South Africa have formally upgraded their bilateral trade relations through the signing of several trade agreements and agricultural export contracts. According to reports from Reuters and the South China Morning Post in early September 2024, the agreements were finalized during South African President Cyril Ramaphosa’s state visit to Beijing. The contracts are aimed […]

European Union and Kenya Commence Landmark Economic Partnership Agreement

September 4, 2026

Jessica Jumaway

According to an announcement by the European Commission, the Economic Partnership Agreement (EPA) between the European Union and Kenya has officially entered into force. This agreement represents a major step forward in trade relations between the EU and East Africa, establishing a reciprocal but asymmetric trade framework designed to support sustainable development. Under the terms […]

Indo-Pacific Exporters Leverage Blockchain to Verify Food and Beverage Provenance

September 4, 2026

Jessica Jumaway

Exporters of food and beverage products across the Indo-Pacific region are rapidly adopting blockchain technology to verify the authenticity, sustainability, and compliance of their goods. From seafood in the Pacific to halal food in Indonesia and premium wine in Australia, decentralized ledgers are becoming essential tools for securing market access and building consumer trust in […]

Canadian Manufacturers Renegotiate Supply Contracts Amid New Tariffs on Chinese EV and Steel

September 4, 2026

Jessica Jumaway

According to a report by The Wall Street Journal, North American manufacturers are actively scrambling to restructure their international supply contracts following the Canadian government’s decision to impose sweeping tariffs on Chinese imports. The new trade measures include a 100% tariff on Chinese electric vehicles (EVs) and a 25% tariff on Chinese steel and aluminum. […]

Southeast Asian Hubs Implement Advanced Customs Initiatives to Support High-Tech Supply Chains

September 4, 2026

Jessica Jumaway

In a bid to support the rapidly growing electronics manufacturing sector, Vietnam’s General Department of Customs has introduced a new fast-track customs clearance initiative, according to Vietnam News. The program targets semiconductor components and high-tech manufacturing inputs at major ports and airports, reflecting the country’s strategic focus on expanding its electronics manufacturing capabilities. As reported […]

Nippon Steel Pledges Additional $1.3 Billion for US Steel Mills to Secure Acquisition Approval

September 3, 2026

Jessica Jumaway

Nippon Steel Corp has announced an additional $1.3 billion investment plan for US Steel’s unionized facilities, according to reports from Reuters and Bloomberg. This capital commitment is part of the Japanese steelmaker’s ongoing efforts to secure regulatory approval and win the support of the United Steelworkers (USW) union for its proposed $14.9 billion acquisition of […]

Semiconductor Demand Propels South Korean Exports as India and Singapore Deepen Tech Trade Pacts

September 3, 2026

Jessica Jumaway

South Korea’s outbound shipments experienced significant growth in August 2026, driven by a surge in global demand for technology components. According to reports from Reuters and Bloomberg, the nation’s exports rose by 11.4% year-on-year to reach $57.9 billion, representing the 11th consecutive month of export expansion. This upward trajectory was primarily propelled by semiconductor exports, […]

EU and Singapore Sign Landmark Digital Trade Agreement to Streamline Cross-Border Commerce

September 3, 2026

Jessica Jumaway

The European Union and Singapore officially signed a landmark Digital Trade Agreement (DTA), marking a significant step forward in modernizing bilateral commerce. According to the European Commission, the agreement establishes binding rules designed to facilitate cross-border digital trade, ensure paperless contracting, and protect consumer trust. This pact represents the EU’s very first digital trade agreement […]

United Kingdom and India Prepare to Relaunch Bilateral Free Trade Agreement Negotiations

September 3, 2026

Jessica Jumaway

In late 2024, the United Kingdom and India announced plans to officially relaunch negotiations for a bilateral free trade agreement (FTA) in early 2025. According to a report by Reuters, British Prime Minister Keir Starmer announced the planned resumption of talks following a high-level bilateral meeting with Indian Prime Minister Narendra Modi. The meeting took […]

UAE and New Zealand Conclude Negotiations for Comprehensive Economic Partnership Agreement

September 3, 2026

Jessica Jumaway

The United Arab Emirates and New Zealand have successfully finalized negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in bilateral trade relations. According to reports from Reuters, the newly concluded trade pact is designed to eliminate or significantly reduce tariffs, dismantle existing trade barriers, and facilitate smoother investment flows between the […]

European Union and Philippines Formally Resume Free Trade Agreement Negotiations

September 1, 2026

Jessica Jumaway

The European Union and the Philippines have formally announced the resumption of negotiations for a comprehensive Free Trade Agreement (FTA), marking a significant step toward strengthening economic ties and enhancing market access between the two regions. According to the European Commission, the official announcement was made on March 18, 2024, revitalizing trade relations that had […]

South Korea and Chile Convene Ninth Round of Talks to Modernize Landmark Free Trade Agreement

September 1, 2026

Jessica Jumaway

Delegations from South Korea and Chile recently gathered in Santiago to advance negotiations aimed at modernizing their landmark bilateral free trade agreement (FTA). The ninth round of talks, which took place from August 27 to 29, 2024, represents a concerted effort to adapt the twenty-year-old trade pact to contemporary economic realities. According to reports from […]

India and EFTA Finalize Landmark $100 Billion Trade and Economic Partnership Agreement

September 1, 2026

Jessica Jumaway

According to reports from Bloomberg, India and the European Free Trade Association (EFTA)—which comprises Switzerland, Norway, Iceland, and Liechtenstein—have finalized a landmark Trade and Economic Partnership Agreement (TEPA). This comprehensive trade contract, signed on August 27, 2026, marks a significant shift in India’s bilateral trade relations and establishes a long-term framework for economic cooperation between […]

South Korea and United Arab Emirates Sign Comprehensive Economic Partnership Agreement to Eliminate Tariffs

September 1, 2026

Jessica Jumaway

According to reports from Reuters, South Korea and the United Arab Emirates (UAE) have formally signed a Comprehensive Economic Partnership Agreement (CEPA). This major trade contract, signed on August 30, 2026, is designed to eliminate tariffs on over 90% of all traded goods between the two nations, providing a significant boost to bilateral commerce and […]

Nippon Steel Pledges Additional $1.3 Billion for US Steel Plants to Secure Acquisition

September 1, 2026

Jessica Jumaway

In a significant development for the global metals sector, Japan’s Nippon Steel Corp. has announced a commitment to invest an additional $1.3 billion in US Steel’s union-represented facilities, according to reports from Reuters, Bloomberg, and the Wall Street Journal. This newly announced capital injection is designed to modernize key production sites, allocating $1 billion for […]

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