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

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 […]

International Trade Council Commends Ukraine’s Initiative on Grain Export Channel Amidst Ongoing Negotiations for Comprehensive Black Sea Agreement

September 27, 2023

Daisy

The International Trade Council extends its support for Ukraine’s recent initiative to establish a dedicated maritime channel for its grain exports, recognizing the move as a crucial intervention in bolstering global food security. This initiative arises in the wake of Russia’s departure from a prior United Nations-endorsed arrangement that had previously facilitated Ukrainian exports through […]

Taiwan Seeks Australian Support for Inclusion in Pacific Trade Pact

September 26, 2023

Daisy

During a meeting with a delegation of Australian lawmakers, Taiwan President Tsai Ing-wen called on Australia to back Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both Taiwan and China applied to join the CPTPP in 2021, but China opposes Taiwan’s inclusion, citing Taiwan as its own territory. The CPTPP, […]

WTO Members Engage in Informal Talks on Trade and Industrial Policy

September 26, 2023

Daisy

In a dedicated effort towards the reform of the World Trade Organization (WTO), members convened for an informal retreat at the organization’s headquarters on September 25-26. This retreat served as a platform for focused discussions on trade and industrial policy, aiming to facilitate deliberations on the intersection between trade and industrial policy and to identify […]

German Export Sentiment Records Three-Year Low

September 26, 2023

Daisy

A recent survey conducted by the Ifo economic institute revealed that sentiment among German exporters has deteriorated significantly in September, reaching its lowest level since May 2020.   The Ifo institute’s export expectations indicator, in its fifth consecutive month of decline, dropped to minus 11.3 points in September, down from minus 6.5 points in August. […]

Brazil’s President Lula Explores Trade Opportunities with Vietnam

September 25, 2023

Daisy

Brazilian President Luiz Inacio Lula da Silva announced on Monday that Vietnam has shown interest in establishing a trade deal with the Mercosur bloc, consisting of Brazil, Argentina, Paraguay, and Uruguay. Lula, who is currently chairing the Mercosur group, aims to foster closer relations between Mercosur members and Asian countries. He highlighted the potential for […]

EU Trade Commissioner Encourages Balanced Trade Relations with China Amid Concerns Over Ukraine Conflict

September 25, 2023

Daisy

The European Union’s trade commissioner, Valdis Dombrovskis, has emphasized the need for a more balanced economic relationship with China while highlighting the EU’s substantial trade deficit with the country, which amounted to nearly 400 billion euros ($425 billion). Speaking at China’s Tsinghua University, Dombrovskis also expressed concerns about how China’s stance on the war in […]

UK Forges Trade Understanding with Washington State, Sets Sights on Florida, Signaling Robust State-Level Trade Engagement

September 25, 2023

Daisy

In an innovative move showcasing adaptability and strategic foresight, the United Kingdom marked a significant milestone in international trade relations on Monday by finalizing a memorandum of understanding (MoU) focused on trade with the U.S. state of Washington. This development, a commendable pivot in the UK’s post-Brexit strategy, comes amidst a pause in negotiations for […]

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