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

European Commission Advocates Enhanced Financial Support and Market Access for Prospective EU Members

September 28, 2023

Daisy

The International Trade Council commends the recent announcement from the European Commission, expressing its intention to recommend bolstered financial support and market access to countries aspiring for EU membership. This move aims to expedite their accession preparations, stated EU Commissioner for Enlargement, Oliver Varhelyi.   Currently, Albania, Bosnia and Herzegovina, Moldova, Montenegro, North Macedonia, Serbia, […]

World Bank Unveils Strategy to Amplify Lending by Over $100 Billion for Developing Nations

September 28, 2023

Daisy

Today, the International Trade Council applauds the World Bank’s recent announcement, detailing measures to significantly bolster its lending capabilities for developing nations, with an envisioned increment of over $100 billion over the forthcoming decade.   The move is a constituent of the World Bank’s comprehensive reform journey, highlighting the urgency to encompass vital global challenges, […]

Thailand’s Prime Minister Envisions Expanding Free Trade Agreements to Boost Foreign Investments

September 28, 2023

Daisy

Thailand’s newly-appointed Prime Minister, Srettha Thavisin, announced a series of forward-looking measures aimed at solidifying Thailand’s position as a leading destination for foreign investments. This includes the ambitious endeavor of expanding the nation’s existing Free Trade Agreements (FTAs) portfolio.   Addressing a key forum today, Prime Minister Srettha shed light on his vision to upgrade […]

China Appeals to U.S. to Reevaluate Restrictions on Tech Sector Investments

September 28, 2023

Daisy

The International Trade Council reports that China’s chief trade body has made a formal appeal to the United States, urging a thoughtful reevaluation of recent restrictions targeting investments in China’s technological domain.   Last month, U.S. President Joe Biden ratified an executive order barring or curbing investments into Chinese ventures, notably in pivotal sectors such […]

International Trade Council Highlights Trade’s Role in Innovation, Women’s Economic Empowerment, and Climate Change

September 28, 2023

Daisy

In a recent workshop jointly organized by the Informal Working Group on MSMEs, the Informal Working Group on Trade and Gender, and the Trade and Environmental Sustainability Structured Discussions (TESSD) on September 28, Director-General Ngozi Okonjo-Iweala emphasized the significance of trade in supporting women-led small businesses, addressing climate change, and fostering innovation. The workshop aimed […]

WTO Members Collaborate to Review Agricultural Policies and Enhance Food Security

September 28, 2023

Daisy

During a two-day meeting of the Committee on Agriculture on September 27-28, members of the World Trade Organization (WTO) convened to examine each other’s agricultural policies to ensure compliance with WTO regulations. While food security remained a central focus, discussions extended to various related topics, including the intersection of agri-food trade, technology transfer, and environmental […]

WTO and University of St. Gallen Collaborate on Trade for Peace Research Project

September 28, 2023

Daisy

In a joint initiative, the University of St. Gallen in Switzerland and the World Trade Organization (WTO) have embarked on a research project aimed at investigating the intricate relationship between trade and peace. The project, which commenced on September 28th, was inaugurated with a workshop hosted by the WTO Accessions Division in partnership with the […]

Renewal in Trade Dynamics: Australia Anticipates Resumption of Hay Exports to China Amid Gradual Easing of Trade Tensions

September 28, 2023

Daisy

In what is being viewed as a significant thaw in the trade relations between Australia and China, the Australian government announced on Thursday an impending resumption of its hay exports to China. This development comes after a period of considerable strain, which saw China impose restrictions on various Australian commodities following Australia’s push for an […]

WTO Workshop on Import Licensing and Notifications Concludes in Geneva

September 27, 2023

Daisy

Geneva, September 27, 2023 – The World Trade Organization (WTO) successfully concluded its sixth workshop on import licensing and notifications, marking the first in-person gathering of its kind since the onset of the COVID-19 pandemic. The event, which took place from September 25 to 27, saw the participation of twenty-eight government officials hailing from developing […]

Exploring “Friendshoring”: A Strategic Shift in Global Operations for Resilient International Trade

September 27, 2023

Daisy

In an era characterized by heightened globalization, geopolitical complexities, and evolving economic landscapes, businesses worldwide are continually reassessing their strategies to ensure resilience and sustainability. A relatively recent concept gaining traction is “friendshoring,” a strategic approach to offshoring or outsourcing that prioritizes countries with which a company’s home nation shares positive diplomatic, economic, or trade […]

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