🎄 Season's Greetings from the International Trade Council! 🎄

Please note that our offices will be closed from 20th December 2024 and will reopen on 6th January 2025.

We wish you a joyful holiday season and a prosperous New Year! Thank you for your continued support, and we look forward to assisting you in 2025.

Warm regards,
The International Trade Council Team

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

WTO Director-General Notes Early Indications of Trade Fragmentation

October 2, 2023

Daisy

In a recent address at an event in Geneva, Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), expressed concerns about early signs of potential global trade fragmentation. Okonjo-Iweala cautioned against practices like ‘reshoring’ and ‘friendshoring’ occurring between trade blocs, emphasizing the importance of maintaining a connected global trade landscape. “While we don’t yet see […]

France Initiates Bird Flu Vaccination Program Amidst Trade Concerns

October 2, 2023

Daisy

PARIS – France has commenced a vaccination campaign against bird flu, aiming to combat the virus responsible for the deaths of millions of birds worldwide. This initiative has led to trade restrictions imposed by the United States on French poultry imports. France has been severely impacted by the global spread of highly pathogenic avian influenza, […]

Concerns Emerge Over Growing Disregard for Trade Rules at WTO

October 2, 2023

Daisy

The World Trade Organization (WTO) is currently facing significant challenges, with mounting unresolved disputes and increasing concerns among its member nations. This situation underscores the critical issues the organization is grappling with. Since late 2019, the WTO has been dealing with the repercussions of the United States’ decision to block the appointment of new judges […]

Movement of Cargo Vessels to Ukrainian Ports

October 1, 2023

Daisy

The International Trade Council acknowledges the recent developments in Ukraine’s maritime trade. We have received information that five additional vessels are navigating to Ukrainian sea ports. This initiative comes as a part of an alternative mechanism to the Black Sea grain deal which faced challenges earlier.   The five vessels, namely OLGA, IDA, DANNY BOY, […]

International Trade Council Report on South Korean Exports

October 1, 2023

Daisy

SEOUL – The latest trade data indicates a deceleration in the decline of South Korean exports in September, marking the most moderate reduction over the past 12 months. This trend may offer insights into global economic dynamics, given South Korea’s significant role in international trade.   In September, exports from South Korea, recognized as Asia’s […]

Anticipating Effects of a Possible Government Shutdown on International Trade Activities

September 29, 2023

Daisy

As of September 29, 2023, there’s an impending concern about the U.S. Congress failing to finalize a spending agreement. Companies engaged in international trade are advised to brace for potential disruptions due to a possible Federal government shutdown beginning 12:01 am, October 1, 2023. This would significantly impact international trade practices, including agency closures and […]

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 […]

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