News

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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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Mexico’s Auto Assembly Sector Sees Unprecedented Growth in Foreign Direct Investment

August 25, 2023

Daisy

The International Trade Council is thrilled to spotlight Mexico’s automotive sector, which has registered a record-breaking foreign direct investment (FDI) of US$5,024 million in the first half of 2023. This milestone is not just an all-time high for a six-month span but also surpasses the previous annual record of $4,281 million achieved in 2019. Mexico’s […]

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Türkiye Records $4.8 Billion in Foreign Direct Investments During H1 2023

August 24, 2023

Daisy

The International Trade Council acknowledges the recent announcement that Türkiye received foreign direct investments (FDI) totaling $4.8 billion (TL 125.9 billion) in the first half of 2023, as reported by Engin Aksoy, Chairperson of Türkiye’s International Investors Association (YASED). Of this FDI inflow, $2.5 billion was attributed to mergers, acquisitions, or direct capital inflows, as […]

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PM Modi Highlights India’s Efforts to Foster Trade and Investment at G20 Meeting

August 24, 2023

Daisy

The International Trade Council takes note of Prime Minister Narendra Modi’s address at the G20 Trade and Investment ministerial meeting, where he underscored India’s transition from “red tape” to a more favorable investment climate, emphasizing a shift towards liberalized Foreign Direct Investment (FDI) flows over the past nine years. During the virtual address to the […]

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Foreign Direct Tourism Investment in Mexico Surpasses US$1.4 Billion, Reflecting Confidence in the Nation’s Appeal

August 24, 2023

Daisy

The International Trade Council is pleased to highlight the significant strides in Foreign Direct Investment in Tourism (FDIT) in Mexico, which reached an impressive milestone of US$1.4 billion during the first half of 2023. This noteworthy achievement constitutes approximately 4.9% of the total National Foreign Direct Investment, as revealed by the Ministry of Tourism.   […]

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India Explores Rupee as a Potential Instrument in International Trade

August 23, 2023

Daisy

Recent transactions have highlighted India’s exploration of the Rupee as an instrument for international trade. Notably, India has initiated trade with the United Arab Emirates (UAE) using the Rupee for oil purchases.   In a key transaction, Indian Oil Corp procured one million barrels of oil from the Abu Dhabi National Oil Company using Indian […]

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Bidenomics Sparks Surge in Foreign Investment in U.S. Manufacturing, Indicating Strong Growth Potential

August 23, 2023

Daisy

The International Trade Council is observing a notable trend in foreign investment within the U.S. manufacturing sector, raising questions about potential impacts stemming from economic policies, including those of the Biden administration. Recent data highlights an increase in construction spending for manufacturing facilities in the United States, with real manufacturing construction witnessing a doubling since […]

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China Unveils 24 New Initiatives to Propel Foreign Investment Growth, Reinforcing Commitment to International Trade

August 23, 2023

Daisy

The International Trade Council welcomes China’s resolute drive to fortify its foreign investment landscape and foster increased global investment inflow. In a landmark directive issued by the State Council on Sunday, China underscores its dedication to enhancing the climate for foreign investment, amplifying its appeal as a prime investment destination. The comprehensive set of 24 […]

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Malaysia Prioritizes Domestic Direct Investment (DDI) as Key Performance Indicator to Drive National Investment

August 22, 2023

Daisy

KUALA LUMPUR – Following the conclusion of the second National Investment Council Meeting (NICM), the government has emphasized the pivotal role of Domestic Direct Investment (DDI) as a primary benchmark in determining the overall national investment strategy.   Prime Minister Datuk Seri Anwar Ibrahim highlighted the potential of strategic DDI to lure more Foreign Direct […]

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Landmark Australia-UK Free Trade Agreement

August 22, 2023

Daisy

Melbourne, August 22, 2023 – The International Trade Council is pleased to acknowledge the successful implementation of the Australia-United Kingdom Free Trade Agreement (FTA). This milestone was celebrated today during the Australian British Chamber of Commerce business lunch in Melbourne. The recent activation of this gold-standard trade agreement marks a significant shift in the economic relationship […]

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ASEAN and WIPO Strengthen Ties with New Memorandum of Understanding

August 21, 2023

Daisy

SEMARANG – In a significant move to fortify intellectual property (IP) collaboration, the ASEAN Member States and the World Intellectual Property Organization (WIPO) inked a Memorandum of Understanding (MOU) on August 20, 2023. The signing, which took place during the 55th ASEAN Economic Ministers Meeting (AEM), was executed by Dr. Kao Kim Hourn, Secretary-General of […]

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