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

Hungary, in Coordination with Neighboring Countries, Signals National Ban on Ukrainian Grain Imports Beyond September 15

September 14, 2023

Daisy

In an effort to safeguard their markets, Hungary, in cooperation with neighboring countries Romania, Slovakia, and Bulgaria, has signaled its intent to impose a national ban on Ukrainian grain imports should the European Union (EU) fail to extend the existing ban set to expire on September 15, as announced by Hungary’s Farm Minister.   The […]

Istanbul Hosts 12th Meeting of OTS Ministers of Economy and Trade, Uniting Turkic Nations for Economic Cooperation

September 14, 2023

Daisy

Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters.   The […]

Türkiye and the United Kingdom Cement “Indispensable” Partnership, Paving the Way for Bilateral Prosperity

September 14, 2023

Daisy

The International Trade Council applauds the deepening partnership between Türkiye and the United Kingdom, as underscored by British Foreign Secretary James Cleverly during his recent visit to Ankara. The Council acknowledges the pivotal role that this strengthening alliance plays in fostering international cooperation and enhancing global security.   In a meeting with Foreign Minister Hakan […]

Ethiopia’s National Bank Introduces Offshore Accounts to Encourage Strategic Foreign Direct Investments

September 14, 2023

Daisy

The National Bank of Ethiopia (NBE) has taken a significant step to boost foreign direct investment (FDI) by permitting the establishment of offshore accounts. This new directive aims to facilitate easier fund deposits from both equity and loan financing for approved projects and attract foreign currency into the Ethiopian economy. Scope of the New Directive […]

Saudi and Omani Firms Collaborate to Advance 3D Printing in Real Estate

September 13, 2023

Daisy

Riyadh — Saudi research and development firm, Forming Future Co., has embarked on a strategic partnership with two subsidiaries of Oman’s ITHCA Group to promote the utilization of 3D printing technology within the real estate sector.   The collaborative agreements involve InnoTech and Codeline, both entities operating under the umbrella of ITHCA Group, previously known as […]

Sri Lanka to Promote Free Trade as Head of IORA, Says Foreign Minister

September 13, 2023

Daisy

Sri Lanka is poised to advance the cause of free trade among member nations of the Indian Ocean Rim Association (IORA) as it assumes the chairmanship of the organization, according to Foreign Minister Ali Sabry. The South Asian nation is set to take over the chairmanship for the 2023-25 term next month, with the group’s […]

Thai-EU FTA Negotiations Commence with Two-Year Timeline

September 13, 2023

Daisy

Negotiations for a free-trade agreement (FTA) between Thailand and the European Union (EU), commonly referred to as the Thai-EU FTA, are set to commence next week with the aim of finalizing the agreement within a two-year timeframe. The Department of Trade Negotiations, operating under the Thai Commerce Ministry, will oversee these negotiations.   Auramon Supthaweethum, […]

International Trade Council Welcomes U.S.-Bahrain Comprehensive Security Integration and Prosperity Agreement

September 13, 2023

Daisy

The International Trade Council is pleased to announce the signing of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) between the United States and Bahrain, ushering in a new era of cooperation and partnership across various domains, including defense, security, science, technology, trade, and investment.   The historic agreement was formalized during a ceremony at […]

Decline in Overseas Investment in Israel for Q1 2023

September 13, 2023

Daisy

Israel’s Ministry of Finance has disclosed a substantial 60% decrease in overseas investment during the first quarter of 2023, amounting to approximately $2.6 billion. When juxtaposed with the average quarterly investment figures from 2020 and 2022, this drop signifies a marked contraction, consisting primarily of reduced international transactions and a diminished presence of foreign investors. […]

International Trade Council Emphasizes Greater International Trade for Global Stability

September 12, 2023

Daisy

Geneva, Switzerland – The World Trade Organization’s (WTO) annual Public Forum, which commenced on September 12, kicked off with the launch of the annual World Trade Report. The WTO’s Chief Economist, Ralph Ossa, addressed a gathering of delegates and highlighted key points from the report, advocating for an increased focus on international trade as a means […]

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