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Thailand Anticipates Major Investment from Leading Tech Giants Tesla, Google, and Microsoft

September 24, 2023

The International Trade Council is pleased to announce that Thailand’s Prime Minister, Mr. Srettha Thavisin, has confirmed expectations of a significant investment from tech industry leaders Tesla, Google, and Microsoft, totaling at least $5 billion. This announcement came in the wake of Prime Minister Thavisin’s engagement with top-level executives at the recent U.N. General Assembly […]

Challenges Arise for Osaka’s 2025 World Expo

September 23, 2023

Amid a backdrop of ongoing construction, Osaka’s vision for the 2025 World Expo, intended to symbolize global reconnection post-Covid, is gradually coming to life. The architectural masterpiece, once completed, will encompass grand timber walkways surrounding a serene “forest of tranquility”, exhibiting the rich history, culture, and technological innovations from over 130 participating nations. These […]

Reformation Urged for World Trade Organization’s Handling of Non-Market Practices and Dispute Settlement

September 22, 2023

The International Trade Council acknowledges the recent remarks by U.S. Trade Representative, Ms. Katherine Tai, emphasizing the need for significant advancements within the World Trade Organization (WTO). The focal points are addressing ‘non-market’ practices and strengthening the dispute settlement mechanisms. Ms. Tai has expressed the U.S. commitment to fostering a WTO that champions its […]

Thailand Seeks Strengthened Investment Ties with Renowned US Companies

September 21, 2023

The International Trade Council reports that Thailand’s Prime Minister, Mr. Srettha Thavisin, during his recent overseas visit, held discussions with key U.S. firms such as Microsoft, Google, and Estee Lauder, indicating an inclination to explore mutual business opportunities. Thailand’s economy is currently projected to grow by 2.8%. With an intent to provide a boost […]

Australia Seeks to Revitalize EU Trade Discussions Amid Concerns Over Market Access

September 21, 2023

The ongoing trade discussions between Australia and the European Union (EU) have hit a snag, with Australian officials emphasizing that the EU has “offered too little and asked too much”. Despite the challenges, both parties are keen on advancing the negotiations, hoping to establish a mutual understanding during the upcoming G20 trade summit in India. […]

President Biden Supports New Economic Corridors Amidst Global Economic Transformations

September 19, 2023

U.S. President Joe Biden has signaled strong support for an economic initiative comprising two primary corridors aimed at enhancing connectivity between India, the Middle East, and Europe. This significant announcement took place on the sidelines of the G20 Leaders’ Summit held in New Delhi. Highlights: The two corridors: An eastern corridor connecting India to […]

Unrestricted Global Trade Key to Tackling Climate Crisis, WTO Forum Highlights

September 18, 2023

Officials Urge WTO Members to Lower Tariffs on Green Goods and Emphasize the Role of Trade in Climate Solutions Delegates at the recent World Trade Organization (WTO) Public Forum noted that while international trade is a contributor to greenhouse gas emissions, it also offers significant solutions to the climate crisis. The emphasis was on […]

UK Manufacturing Sector Faces Recruitment and Growth Challenges

September 17, 2023

Recent data indicates that UK manufacturers are revising their hiring intentions amidst a notable decrease in order inflow. Based on the most recent quarterly findings from Make UK, the body representing UK manufacturers, and global business consultancy BDO, there has been a discernible contraction in manufacturing activity. This trend marks the most significant dip […]

Central European Nations Announce New Regulations on Ukrainian Grain Imports

September 16, 2023

Key Highlights: European Commission concludes no extension of prior grain ban. Poland, Slovakia, and Hungary decide on specific regulations pertaining to Ukrainian grain. Ukraine remains a pivotal player in global grain markets despite logistic challenges post-Russian conflict. Following a decision by the European Commission not to extend its earlier ban on Ukrainian grain imports, […]

WTO Cautions Against Global Trade Splitting Into Allied Blocs

September 16, 2023

Trade Realignment Could Elevate Costs, Risks, and Geopolitical Tensions, Says WTO Annual Report As geopolitical pressures reshape international alliances, the World Trade Organization (WTO) warns that countries are increasingly favoring trade with allied nations over more efficient exporters. This shift is raising concerns about the future of a global economy founded on open and […]

ECB Raises Interest Rates Amid Concerns of Economic Slowdown

September 16, 2023

Geneva — The European Central Bank (ECB) has surprised markets by announcing its 10th consecutive interest rate increase, signaling its commitment to addressing persistently high inflation and its concerns about a potential economic slowdown. While some analysts expected a pause in the rate-hiking campaign, the ECB’s decision underscores the central bank’s determination to combat inflationary pressures. […]

Cambodia’s Trade Value Registers Nearly $32 Billion in First Eight Months of 2023

September 15, 2023

Cambodian Trade Experiences a 14.5% Decline Compared to Last Year Despite Minor Gains in Exports The International Trade Council reports that Cambodia’s total trade volume for the first eight months of 2023 stands at nearly $32 billion, showing a 14.5% drop compared to the same timeframe last year. This decline comes despite a modest […]

GCC and UK Aim to Strengthen Trade Ties at High-Level Meeting in Oman

September 15, 2023

United Kingdom and Gulf Cooperation Council (GCC) representatives convened at a top ministerial meeting in Salalah, Oman, to discuss bolstering their trade relationship and paving the way for a comprehensive free trade agreement. This development has the potential to offer British firms expanded access to burgeoning Gulf markets, while also opening doors for GCC nations […]

New Comprehensive Guide on Foreign Direct Investment Unveiled: “Going Abroad: FDI for Businesses Looking to Expand Internationally”

September 14, 2023

London, United Kingdom – September 14, 2023 – Today marks the official release of the much-anticipated book, “Going Abroad: Foreign Direct Investment for Businesses Looking to Expand Internationally.” Authored by James S. York, the CEO of the International Centre for Trade Transparency, the book serves as an essential guide for businesses planning to engage in foreign […]

France and Germany Unite to Enhance Industrial Transformation and Support EU Probe into Chinese EVs

September 14, 2023

Geneva — In a resolute display of unity, France and Germany have reaffirmed their commitment to bolstering cooperation on industrial transformation and defending the European Union (EU) against unlawful trade practices. In response to the EU Commission’s announcement of an investigation into Chinese state support for electric vehicles (EVs), the Economy Ministers of both countries, Robert […]

Former UK PM Gordon Brown Advocates for a New Era of International Cooperation and Multilateralism

September 14, 2023

Geneva — In a compelling address at the WTO Public Forum, former British Prime Minister Gordon Brown called for a transformative era of international cooperation and renewed commitment to multilateralism. The event, attended by a diverse audience, including WTO ambassadors, Swiss authorities, leaders of intergovernmental organizations, representatives of non-governmental organizations, business leaders, and academics, was launched […]

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