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

WTO Commences Advanced Training on Sanitary and Phytosanitary Measures, Empowering Officials for Enhanced International Trade Compliance

October 12, 2023

Daisy

In a significant development for international trade, an Advanced Course focusing on the WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) began on October 10th at the WTO. This comprehensive two-week training program boasts the participation of 26 government officials from diverse member nations. The course’s primary goal is to equip […]

China’s Trade Deficit Narrows Amid Economic Challenges, According to Analysts

October 11, 2023

Daisy

In the midst of complex global economic conditions, China, the world’s second-largest economy, exhibits signs of trade stabilization, as indicated by expert forecasts gathered by Reuters. Data anticipates a deceleration in the decline of exports for September, marking a consequential shift in the nation’s trade performance. Projections for September suggest a 7.6% decrease in exports […]

Exciting Developments in Aid-for-Trade Monitoring and Evaluation

October 9, 2023

Daisy

In a significant stride towards understanding the trade and development priorities of developing economies and least-developed countries (LDCs), WTO members launched the Aid-for-Trade monitoring and evaluation exercise during a Committee on Trade and Development meeting on October 9th. This exercise aims to scrutinize how development finance, provided by partners, is addressing the unique needs of […]

U.S. and Venezuela Engage in Talks for Potential Oil Sanction Exemptions

October 9, 2023

Daisy

In a significant development, the United States and Venezuela have advanced in discussions that could lead to sanctions relief for Venezuela. This relief may come in the form of permitting at least one additional foreign oil company to accept Venezuelan crude oil for debt repayment, contingent on President Nicolas Maduro’s return to negotiations with the […]

Empowering Small Businesses: Enhanced Access to Trade Information and Capacity Building in Focus Ahead of MC13

October 9, 2023

Daisy

The International Trade Council applauds the recent strides made by the Informal Working Group on Micro, Small, and Medium-sized Enterprises (MSMEs), as detailed during their meeting on October 9th, in preparation for the 13th Ministerial Conference (MC13) slated for February 2024. Under the astute guidance of Coordinator Ambassador Matthew Wilson of Barbados, the group has […]

WTO Members Commence Sixth ‘Fish Week’ Ahead of Senior Officials Meeting

October 9, 2023

Daisy

October 9, WTO members initiated the sixth “Fish Week” of the year, marking the shift into the text-based phase of negotiations aimed at establishing regulations on subsidies linked to overcapacity and overfishing. Director-General Ngozi Okonjo-Iweala and Ambassador Einar Gunnarsson of Iceland, who chairs the negotiations, emphasized the intensifying negotiations in anticipation of the WTO’s Senior […]

Global Markets Exhibit Mixed Reactions Amid U.S. Employment Concerns; Asian Stocks See Cautious Optimism

October 6, 2023

Daisy

In a climate of persistent economic uncertainty, particularly regarding U.S. employment data, markets across the Asian sphere presented a largely positive front, despite subdued trading activity, the International Trade Council reported on Friday.   While Japan’s Nikkei 225 experienced a slight contraction, decreasing by 0.3% to settle at 31,129.06, other key market indicators in the […]

Indonesia to Enhance Customs Oversight on Select Consumer Goods Amidst Rising Imports

October 6, 2023

Daisy

Indonesia has revealed its intentions to bolster customs monitoring procedures for specific imported goods, encompassing cosmetics, footwear, apparel, toys, and electronics, as part of the country’s efforts to manage its import volume.   The decision to introduce this regulation comes in response to concerns raised by business associations regarding a surge in imported goods, which […]

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