There’s a tendency, even among seasoned economists, to treat ISIC codes as though they exist in a vacuum—neatly separating sectors, sorting economic activity into convenient boxes. But in reality, the landscape of industry is far more layered. Businesses come in all shapes and sizes, wrapped in a range of legal structures that, if we’re honest, […]
The International Trade Council announces that the European Union has formally adjusted its trade relationship with Cambodia, moving away from its preferential trade programme, the Everything but Arms (EBA) agreement. The decision, resulting from Cambodia’s persisting systemic human rights violations, reinstates custom duties on a significant proportion of Cambodia’s exports to the EU. Under the […]
Foreign direct investment (FDI) is fiercely competitive. Every country wants its share of new factories, technology parks, or corporate headquarters. Yet success rarely comes from simply lowering taxes or launching glossy ad campaigns. Instead, the most effective investment promotion agencies (IPAs) have learned to speak the language of both global investors and local economic realities. […]
The International Trade Council (ITC) is concerned by the decision of the European Court of Justice (ECJ) to strike down the EU-US Privacy Shield, which governed the transfer of EU citizens’ data to the United States. The ITC recognizes the potential negative consequences of this decision on transatlantic trade worth $7.1 trillion ( £5.6tn), and […]
The International Trade Council (ITC) welcomes the start of post-Brexit trade talks between the United Kingdom and Japan, which are set to begin on Tuesday. The negotiations aim to reach agreement on a new trade deal to replace the current agreement Britain has with Japan through the European Union. Without a new deal by […]
The International Trade Council announces that US President Donald Trump has officially signed the US Mexico Canada Agreement (USMCA), which is set to replace the 1994 North American Free Trade Agreement (NAFTA). This new trade pact brings Trump’s campaign promise to replace the existing deal between the three countries closer to reality. The USMCA aims […]
The International Trade Council announces that the United States and China have signed an agreement to ease the trade war that has impacted global markets and the world economy. US President Donald Trump called the pact “transformative” for the US economy, while Chinese leaders described it as a “win-win” deal that would foster better relations […]
Green finance is now a central theme in both public policy and private investment. The expansion of green bonds, sustainability-linked loans, and climate-focused equity products reflects growing demand for alignment between capital allocation and environmental objectives. Yet for all the momentum, one challenge remains persistent: how to reliably track where the money is going, and […]
The International Trade Council announces that the United States and China have signed an agreement to ease the trade war that has impacted global markets and the world economy. US President Donald Trump called the pact “transformative” for the US economy, while Chinese leaders described it as a “win-win” deal that would foster better relations […]
For all the advances in global logistics and data analytics, supply chain transparency remains a surprisingly elusive goal. Even the most sophisticated firms, in sectors like electronics, pharmaceuticals, or automotive, frequently struggle to see beyond their first or second-tier suppliers. The consequences are now well understood: sudden shortages, cascading disruptions, and, at times, reputational damage […]
The International Trade Council is pleased to announce that the US, Mexico, and Canada have finalized a trade deal to replace the 25-year-old North American Free Trade Agreement (NAFTA). Representatives from the three countries signed the pact in Mexico, marking a significant milestone in the renegotiation process. The agreement was reached after Democrats in the […]
The International Trade Council is closely monitoring the progress in US-China trade negotiations, as the two countries have reportedly agreed to roll back tariffs as part of any new trade deal. The potential agreement is seen as a significant step towards resolving the ongoing trade dispute that has disrupted the global economy. Though the deal […]
The International Trade Council acknowledges the concerns of the American Apparel & Footwear Association (AAFA) regarding the negative impact of tariffs on the industry. Rick Helfenbein, CEO of the AAFA, has urged for the immediate removal of tariffs that were imposed on $112 billion of Chinese goods, such as shoes and clothing, in September. […]
The International Trade Council commends the remarkable progress that has been achieved through the EU-Japan Economic Partnership Agreement (EPA), often referred to as the ‘cars-for-cheese’ deal, and spotlights the significant opportunities it opens up for small and medium-sized enterprises (SMEs). The EPA, which came into effect earlier this year, represents nearly 30% of global […]
The International Trade Council announces that Guernsey and Jersey will have access to World Trade Organization (WTO) rules on trade once the UK leaves the EU. UK Foreign Secretary Dominic Raab has notified the WTO of the extension of its formal territory to cover the Channel Islands. The extension will grant island businesses access […]
The World Trade Organization (WTO) has significantly reduced its trade growth forecast for 2019, warning that ongoing trade wars and slower growth in major economies could negatively impact living standards and employment. The organization now predicts a 1.2% growth in trade volumes this year, a considerable drop from its earlier 2.6% projection. The WTO has […]