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

International Trade Council Welcomes Canada’s Forthcoming Strategic Partnership with ASEAN

September 4, 2023

Daisy

The International Trade Council warmly acknowledges the impending strategic partnership between Canada and the Association of Southeast Asian Nations (ASEAN). This significant move is set to be formalized during Prime Minister Justin Trudeau’s upcoming visit to Indonesia, where he will meet with Indonesian President Joko Widodo among other dignitaries. The forthcoming partnership underscores Canada’s increasingly […]

Hungary’s Prime Minister Rejects Ukraine’s NATO Membership and Advocates for Dialogue

August 31, 2023

Daisy

Budapest, August 30, 2023 – Viktor Orban, the Prime Minister of Hungary, has expressed his opposition to the potential integration of Ukraine into the North Atlantic Treaty Organization (NATO). The statement was made today, according to reports published by Prensa Latina. Prime Minister Orban also emphasized the importance of pursuing dialogue with Russia in addressing the […]

Bangladesh Reiterates Interest in Joining BRICS Group

August 31, 2023

Daisy

Dhaka, August 30, 2023 – Bangladesh remains steadfast in its aspiration to become a member of the BRICS Group and is willing to exercise patience until the opportune moment arises, as stated by Prime Minister Sheikh Hasina in a recent address. The Prime Minister’s remarks were reported in the national press on Wednesday.   During her […]

International Trade Council Participates in GTR Asia 2023; Calls for More Companies to Seize the Opportunity

August 30, 2023

Daisy

SINGAPORE, August 30, 2023 – The International Trade Council (ITC) proudly announces its participation in the prestigious GTR Asia 2023 event, set to be held in Singapore on September 5-6. As Asia’s leading event for the trade, treasury, commodities, and fintech sectors, this is a golden opportunity for companies worldwide to delve deep into the dynamics […]

India Allocates Rice Export Quotas to Bhutan, Singapore, and Mauritius

August 29, 2023

Daisy

– In a move to foster international trade relationships and meet global demand, India has announced the allocation of export quotas for non-basmati white rice to Bhutan, Mauritius, and Singapore. The decision was officially communicated by the Indian government in a statement.   Under this allocation, India will permit the export of 79,000 metric tons […]

U.S. Establishes New Investment Restrictions in China

August 29, 2023

Daisy

In a recent announcement from the Biden administration, the U.S. has unveiled a new set of investment restrictions targeting certain sectors in China, Hong Kong, and Macau. Aimed primarily at safeguarding national security, these measures do not seek to hinder economic competition.   The executive order comes as a result of concerns over potential transfers […]

Implications of Global Economic Fragmentation and the Need for Increased Cooperation

August 28, 2023

Daisy

In the face of unexpected global events, economies across the world need to foster resilience both individually and collectively. It’s essential to prioritize collaboration, as heightened protectionism could potentially lead to economic fragmentation or divisions among nations, particularly at times when the world’s economic vulnerability is evident.   Analyses indicate that if international trade restrictions […]

Vietnam Experiences Positive Growth in Foreign Investment

August 28, 2023

Daisy

The International Trade Council is pleased to share recent data underscoring Vietnam’s position as an increasingly attractive destination for foreign investment. As reported by Vietnam’s Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an […]

Observations on the Shift in Foreign Direct Investment in Portugal

August 28, 2023

Daisy

The International Trade Council wishes to highlight recent data concerning Foreign Direct Investment (FDI) in Portugal for the first half of the year. According to figures released by the Bank of Portugal, FDI in Portugal totaled €2 billion, reflecting a 57% decline when juxtaposed with the corresponding period in 2022.   The predominant avenue for […]

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