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

South Korea and UK Forge Stronger Ties in Defense, Technology, and Trade

November 22, 2023

Daisy

In a landmark move, South Korean President Yoon Suk Yeol and British Prime Minister Rishi Sunak have signed the Downing Street Accord during President Yoon’s state visit to London. This agreement represents a significant step in strengthening bilateral cooperation in various sectors, notably in defense, security, and technology.   The accord underlines both nations’ commitment […]

Leveraging Trade as a Catalyst, Latin America Seeks to Boost Economic Growth

November 22, 2023

Daisy

Latin America and the Caribbean have yet to fully tap into the potential of international trade, which is a crucial driver of growth for emerging market economies, according to a recent report by the International Trade Council. Despite some progress in trade openness, the region continues to face challenges such as inadequate infrastructure, cumbersome customs […]

Uruguay Strengthens Ties with China, Eyes Enhanced Trade Opportunities

November 22, 2023

Daisy

In a strategic move to expand its international trade relations, Uruguay has elevated its ties with China, aligning its level of engagement with that of its fellow Mercosur members, Brazil and Argentina. This development signifies Uruguay’s ambition to explore beneficial deals beyond its regional trade bloc, while China continues to deepen its connections in South […]

European Parliament Ratifies Landmark Free Trade Agreement with New Zealand

November 22, 2023

Daisy

In a significant move, the European Parliament has ratified a free trade agreement with New Zealand, marking the European Union’s first major trade deal endorsement since February 2020. This development, which saw a substantial majority voting in favor, is set to usher in a new era of EU-New Zealand trade relations, potentially boosting trade by […]

EU’s Trade Policy Boosts Growth and Sustainability in Developing Countries

November 21, 2023

Daisy

The European Commission and the High Representative for the Common Foreign and Security Policy have jointly released an enlightening report on the Generalized Scheme of Preferences (GSP), revealing its significant role in fostering economic stability and sustainable development in low-income countries. Amidst global uncertainties, the GSP, the EU’s primary trade policy tool aiding developing countries’ […]

Global Experts Convene to Enhance Supply Chain Resilience

November 21, 2023

Daisy

In a groundbreaking session held on November 21, experts from the World Trade Organization (WTO) and other international organizations gathered to delve into the concept of supply chain resilience. This meeting, the first in a series of thematic sessions, aimed to establish a comprehensive understanding of supply chain resilience, providing a platform for members to […]

China and France Discuss Deepening Economic Ties and Addressing Global Challenges

November 20, 2023

Daisy

In a significant phone conversation, Chinese President Xi Jinping and French President Emmanuel Macron engaged in talks aimed at deepening economic collaboration between their countries. President Xi expressed China’s keen interest in attracting more investment from French companies, emphasizing the desire for a balanced business environment that also favors Chinese firms in France.   The […]

Japan Enhances Role in Ukraine’s Economic Reconstruction Ahead of Key Conference

November 20, 2023

Daisy

In a pivotal move, Japan is intensifying its role in Ukraine’s post-conflict reconstruction, exemplified by a high-level visit to Kyiv by Japanese officials and business leaders. This visit sets the stage for an upcoming conference in Tokyo, aimed at bolstering Ukraine’s economic recovery.   Led by Kazuchika Iwata, State Minister of Economy, Trade and Industry, […]

UK and South Korea Initiate Trade Talks and Diplomatic Ties During President Yoon’s State Visit

November 20, 2023

Daisy

In a significant development in international relations, the United Kingdom and South Korea are set to commence negotiations on a fresh free trade agreement (FTA) and formalize a new diplomatic accord during the state visit of South Korean President Yoon Suk Yeol. This visit marks a momentous occasion, as it is the first state visit […]

Venezuela Nears Approval of Offshore Gas License with Trinidad and Shell

November 20, 2023

Daisy

In a significant development, Venezuela is on the verge of granting a license to Shell and the National Gas Company of Trinidad and Tobago for the development of a promising offshore natural gas field. This license will enable the production and export of natural gas to Trinidad and Tobago, marking a crucial step in cross-border […]

Brazil’s Entry into WTO Civil Aircraft Agreement Boosts Trade Prospects

November 17, 2023

Daisy

In a significant development, Brazil has officially become a member of the World Trade Organization’s agreement on trade in civil aircraft. This move has been enthusiastically welcomed by Embraer, one of the world’s leading aircraft manufacturers, as it paves the way for tariff-free imports of vital components from fellow member states.   The approval of […]

United States Extends Strategic Partnership with STDF Until 2028 to Promote Safe Trade

November 17, 2023

Daisy

In a significant commitment to global trade facilitation, the United States Department of Agriculture (USDA) has entered into a five-year agreement with the Standards and Trade Development Facility (STDF), pledging financial support from 2023 to 2028. This partnership reflects the USDA’s dedication to aiding developing countries in meeting international food safety, animal health, and plant […]

Norway Supports Global Fisheries Sustainability Through WTO Funding Mechanism

November 17, 2023

Daisy

Norway has reaffirmed its commitment to global fisheries sustainability by contributing NOK 9 million (approximately CHF 730,500) to the WTO Fisheries Funding Mechanism. This financial support is aimed at assisting developing and least-developed member countries in effectively implementing the Agreement on Fisheries Subsidies.   Norway’s WTO Ambassador, Petter ÁËoelberg, presented this generous contribution to WTO […]

Ukraine’s Black Sea Corridor Facilitates Vital Trade Amidst Challenges

November 17, 2023

Daisy

In a recent update, Ukraine reports that its newly established Black Sea shipping corridor, operational since August, has witnessed significant activity, underscoring its importance in the region’s trade landscape. According to information from the Interfax-Ukraine news agency, a senior government official shared the latest developments.   Since its inception, a total of 151 ships have […]

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