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International Trade Council Addresses China’s Trade Restrictions Against Taiwan

August 3, 2022

The International Trade Council is concerned about the recent trade restrictions imposed by China on Taiwan. In response to Nancy Pelosi’s visit to Taiwan, Chinese commerce and customs authorities announced on Wednesday that they would halt exports of sand, imports of Taiwanese citrus fruit, and some types of fish. The Council recognizes China’s status […]

ITC Applauds Biden’s $2.3bn Climate Change Initiative

July 21, 2022

The International Trade Council (ITC) commends US President Joe Biden’s commitment to address the climate crisis, as exemplified by the announcement of a $2.3bn (Â£1.9bn) investment plan to enhance infrastructure resilience against extreme weather and natural disasters. As an organization deeply invested in fostering international trade that aligns with sustainability, the ITC supports initiatives […]

International Trade Council Announces Go Global Awards Venue for 2022

July 8, 2022

The International Trade Council is pleased to announce that the Go Global Awards will be held in Tallinn, Estonia in October 2022 in partnership with Enterprise Estonia. The Go Global Awards celebrate companies that drive the global economy forward through their innovative technologies and strategies. Enterprise Estonia, which won last year’s gold award for Best […]

International Trade Council Applauds EU-New Zealand Free Trade Agreement

July 1, 2022

The International Trade Council is pleased to announce that the Go Global Awards will be held in Tallinn, Estonia in October 2022 in partnership with Enterprise Estonia. The Go Global Awards celebrate companies that drive the global economy forward through their innovative technologies and strategies. Enterprise Estonia, which won last year’s gold award for Best […]

International Trade Council Announces Canadaâ€™s Ban on Single-use Plastics as a â€˜historic Stepâ€™ Towards Reducing Plastic Pollution

June 20, 2022

The International Trade Council (ITC) welcomes the decision of the Canadian government to ban the manufacturing and import of â€œharmfulâ€ single-use plastics. The new regulations, announced on 20 June 2022, will be effective from December 2023 and will prohibit the sale and import of checkout bags, utensils, food-service products with plastic that is difficult to […]

International Trade Council Highlights Key Issues at WTO’s High-Level Meeting

June 12, 2022

The International Trade Council acknowledges the importance of the ongoing high-level meeting held by the World Trade Organization (WTO) â€“ the first in 4-1/2 years â€“ which brings together over 120 ministers from the organization’s 164 member countries. The meeting is set to address significant issues such as pandemic preparedness, food insecurity, and overfishing. […]

Taiwan and US Purportedly Working on Trade Deal

May 31, 2022

International Trade Council (ITC) announced that the United States and Taiwan are working on a deal to boost economic cooperation, particularly in the areas of trade, agriculture, and supply chains. The move comes after Taiwan was excluded from the US President Joe Bidenâ€™s Indo-Pacific Economic Framework (IPEF). According to sources cited by Bloomberg, the proposed […]

International Trade Council explores India-Russia Rupee-Rouble payment scheme

May 31, 2022

Mumbai, India â€“ India is actively exploring the use of dedicated payment mechanisms for trade with Russia, including a potential Rupee-Rouble payment scheme, to enable existing trade obligations in the wake of sanctions imposed on the Kremlin. This move could also open up opportunities for Indian exporters to ramp up sales to Russia, according to […]

International Trade Council Celebrates Israel-UAE Free Trade Agreement

May 31, 2022

The International Trade Council commends Israel and the United Arab Emirates (UAE) on signing a historic Free Trade Agreement (FTA) on Tuesday â€“ the first of its kind between Israel and an Arab country. This milestone comes after the UAE agreed to normalize relations with Israel in 2020 as part of the U.S.-brokered Abraham Accords, […]

International Trade Council Commends UKâ€™s First Trade Agreement with Indiana

May 27, 2022

London, UK – The International Trade Council has lauded the UKâ€™s first trade agreement with an individual US state, Indiana, as a significant move towards post-Brexit progress. The Memorandum of Understanding (MoU) seeks to enhance the Â£1.1bn ($1.4bn) worth of goods that Indiana already purchases from the UK. The agreement was signed by UK Trade […]

Biden Pledges $150M to ASEAN to Strengthen Regional Cooperation

May 13, 2022

The International Trade Council reports that US President Joe Biden has committed to investing $150 million in Southeast Asia, supporting infrastructure, security, and anti-pandemic efforts. This announcement comes during the two-day summit held in Washington between the US and the 10-nation Association of Southeast Asian Nations (ASEAN). The goal is to counterbalance China’s increasing influence […]

The ITC’s Global Economic Impact Forum on Ukraine to be Held in Istanbul, July 21-22, 2022

May 11, 2022

Istanbul, Turkey – The Global Economic Impact Forum on Ukraine (TGEIF) will be held on July 21-22, 2022, in Istanbul. This invitation-only event will bring together high-level political, public sector, and business leaders from Fortune 500 companies from across the globe to look at rebuilding Ukraine, discuss investment and trade opportunities, and address the challenges […]

International Trade Council Urges Full Embargo on Russian Energy to Support Ukraine

May 10, 2022

The International Trade Council is urging for a full embargo on Russian energy imports, in order to support Ukraine amidst the ongoing conflict with Russia. Ukraine’s Finance Minister, Sergeii Marchenko, stated that the embargo would make it harder for Russia to finance their military needs, whilst also levelling the playing field between the two countries. […]

US Trade Deficit Reaches Record High Amid Surge in Goods Imports

May 4, 2022

The International Trade Council announces that the US trade deficit has widened to an all-time high in March, as companies relied on foreign producers to meet strong domestic demand. According to the Commerce Department, the gap in goods and services trade grew by 22.3% to $109.8 billion. The widening of the trade deficit during […]

International Trade Council comments on Pakistanâ€™s strategy to boost foreign exchange reserves

April 29, 2022

Karachi, Pakistan – The International Trade Council has announced that Pakistan has a plan in place to boost its shrinking foreign exchange reserves, despite being heavily reliant on imports of essential fuel, cooking oil and pulses. The countryâ€™s finance minister, Miftah Ismail, has confirmed that the government has a â€œstrategyâ€ in place to increase its […]

International Trade Council Supports Ukraine Amidst Largest Commodity Shock Since 1970s

April 26, 2022

April 26, 2022 – The International Trade Council (ITC) is concerned about the impact of the Ukraine-Russia war on global commodity prices, with the World Bank forecasting the “largest commodity shock” since the 1970s. The ITC acknowledges the warning from the World Bank and is supportive of Ukraine as it faces this challenging situation. […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.

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