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International Trade Council Responds to Us President’s Veto on Solar Panel Tariffs

May 17, 2023

The International Trade Council (ITC) acknowledges US President Joe Biden’s recent decision to veto a resolution by Congress seeking to re-establish tariffs on solar panel imports from Southeast Asia. This decision puts to rest an ongoing dispute about whether to penalize China for possible trade violations that circumvent US rules restricting imports of inexpensive Asian-made […]

ITC Discusses Recent Sanctions Against Russia

May 16, 2023

The International Trade Council (ITC) acknowledges the European Union’s (EU) 11th package of sanctions against Russia announced last week by European Commission President, Ursula von der Leyen. The latest sanction package aims to prevent Russia from importing high-tech components for the ongoing conflict in Ukraine from neighboring countries. Central Asian nations, such as Uzbekistan […]

Launch of UK-Switzerland Trade Talks

May 16, 2023

The International Trade Council (ITC) is optimistic about the commencement of talks on an enhanced free trade agreement between the United Kingdom and Switzerland, slated to begin on Monday. The British Trade Secretary, Kemi Badenoch, is set to meet Swiss Economy Minister, Guy Parmelin, in Bern, with an ambition to bolster exports in financial and […]

The ITC Supports UK’s Commitment to Strengthen Farming Sector

May 16, 2023

The International Trade Council (ITC) welcomes UK Prime Minister Rishi Sunak’s recently announced measures aimed at reinforcing the UK food supply chain and protecting farmers in future trade negotiations. This initiative is a proactive response to address inflation and highlights the pivotal role of the agricultural sector in the UK’s economy and trade. The […]

The ITC Supports Strict Enforcement of Cosmetics Regulations

May 16, 2023

The International Trade Council (ITC) today underscores the importance of adhering to cosmetic regulation management rules, as a small trading firm in southwest China faces a significant fine of $420 million for suspected violations. The Chongqing-based company, Dezhao, was fined by the city’s market regulator for alleged breaches, including the failure to obtain necessary […]

EU Passes Groundbreaking Law for ‘Deforestation-Free’ Trade

May 16, 2023

The International Trade Council (ITC) welcomes the European Union’s new landmark law obligating EU-based companies to ensure their imports and exports are “deforestation-free” and respectful of human rights. The newly adopted European Union Deforestation-Free Products Regulation places the responsibility on companies registered in EU member states to confirm that seven key agricultural commodities – […]

International Trade Council Responds to the Recent China-Ecuador Free Trade Agreement

May 12, 2023

The International Trade Council (ITC) acknowledges the signing of the Free Trade Agreement (FTA) between China and Ecuador, marking a significant strengthening of economic relations between the Andean nation and the world’s second-largest economy. This development comes despite concerns raised by the United States, which has been active in countering the expansion of China’s influence […]

Honduras Set to Begin Negotiations on a Free Trade Agreement with China

May 12, 2023

The Government of Honduras announced on Friday its intentions to commence negotiations with China for a free trade agreement. This move follows the establishment of diplomatic relations between Honduras and China in March, subsequent to the cessation of its long-standing relationship with Taiwan. “We are on the cusp of a new era, with the […]

Free Trade Agreements Set to Transform Trade in the Gulf Region

May 12, 2023

The International Trade Council (ITC) is pleased to announce the signing of a Free Trade Agreement (FTA) between China and Ecuador. This landmark agreement, facilitated by the Chinese Ministry of Commerce, is set to enhance bilateral trade and strengthen business ties between the two nations. As per the agreement, Ecuador joins the ranks as […]

KAUP Expands its e-op Range

May 12, 2023

The leading independent manufacturer of forklift truck attachments, KAUP GmbH & Co adds to its electrically operated material handling solutions, as part of its e-op (Electrically Operated) line. Following the launch of the world’s first electric fork positioner, in Stuttgart, over half a decade ago, KAUP has continued to develop and expand its electric […]

China and Ecuador Enact Free Trade Agreement: A Significant Step in Fostering Bilateral Trade

May 11, 2023

The International Trade Council (ITC) is pleased to announce the signing of a Free Trade Agreement (FTA) between China and Ecuador. This landmark agreement, facilitated by the Chinese Ministry of Commerce, is set to enhance bilateral trade and strengthen business ties between the two nations. As per the agreement, Ecuador joins the ranks as […]

The International Trade Council Responds to the Philippines’ Call for Asean’s Committment to Free Trade

May 10, 2023

The International Trade Council (ITC) acknowledges President Ferdinand “Bongbong” Marcos Jr.’s recent call for ASEAN member states to demonstrate their commitment to the principle of free trade. This call was made during the plenary session of the 42nd ASEAN Summit held in Labuan Bajo, Indonesia. The Philippine government has shown its commitment to this […]

International Trade Council Welcomes New Members in Pursuit of Global Business Excellence

May 7, 2023

Singapore, 8th May 2023 – The International Trade Council (ITC) is delighted to announce the addition of 135 new members who have joined the esteemed organization within the last seven days. These forward-thinking businesses have taken a significant step towards fostering international trade, expanding their global footprint, and leveraging the numerous benefits offered by the ITC. As members […]

Advocating for Resilience and Integration in Sub-Saharan Africa

May 2, 2023

The International Trade Council (ITC) has today highlighted concerns over potential economic implications for Sub-Saharan Africa amid escalating geopolitical tensions. In a scenario of global bifurcation into two isolated trading blocs centered around the United States/European Union and China, Sub-Saharan Africa could experience a permanent decline of up to 4% of real GDP after a […]

2023 Go Global Awards

May 1, 2023

Unleash Your Global Potential at the 2023 Go Global Awards! Shine Bright Among International Business Leaders. The 2023 Go Global Awards is the ultimate global platform for businesses seeking to extend their reach and establish a formidable presence in the international marketplace. This government-sponsored event, hosted this year in Rhode Island, USA, invites companies from […]

Entries Now Open for the 2023 Go Global Awards

May 1, 2023

The Rhode Island Commerce Corporation is pleased to announce that entries are now open for the highly anticipated 2023 Go Global Awards. This world-class event brings together innovative businesses from around the globe to compete for recognition in export promotion and foreign direct investment. The Go Global Awards are judged by an esteemed panel […]

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