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International Trade Council Announces Progress in Egypt-Serbia Free Trade Agreement Negotiations

July 27, 2023

Daisy

Egypt, News, Trade Relations

0

The International Trade Council is pleased to announce the recent meeting between Egypt’s Minister of Trade and Industry, Ahmed Samir, and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirovic. The meeting focused on the development of commercial, industrial, and investment cooperation relations between the two nations and discussed the current global economic situation. Negotiations […]

Cambodia Adopts New Rules of Origin Law Aligning with World Trade Organization Standards

July 26, 2023

Daisy

Cambodia, News, Trade Relations

0

The International Trade Council is pleased to announce that Cambodia has recently ratified a new Rules of Origin (ROO) law on July 5, 2023, in alignment with World Trade Organization (WTO) benchmarks. Key Highlights of the New Law: Uniform Criteria for Product Source Identification: This legislation furnishes businesses with a comprehensive and uniform criterion for […]

Japan’s Act on Promotion of CSR in Natural Resource Sectors (2021) – Early Implementation

July 26, 2023

Kristan

Supply Chain

0

Japan’s Act on Promotion of CSR in Natural Resource Sectors (2021) – Early Implementation

Japan’s Act on Promotion of Corporate Social Responsibility in Natural Resource Sectors, enacted in 2021, quietly introduced what is proving to be a notable shift in how firms—particularly in high-tech industries—are expected to manage the social and environmental risks embedded in their raw material supply chains. While not as headline-grabbing as some other regulatory frameworks, […]

Surecomp and ICE Digital Trade cement partnership to drive electronic trade document exchange

July 26, 2023

Daisy

Digital Trade, News

0

Toronto, Canada, 25 July 2023 – Surecomp ® today announced a strategic partnership with ICE Digital Trade, formerly known as essDOCS, to drive expanded digital trade finance capabilities for corporates, banks and other financial institutions. The technical integration between the two companies allows customers using Surecomp’s collaborative trade finance hub RIVOâ„ ¢ to seamlessly access, […]

International Trade Council Announces Signing of Free Trade Agreement Between Vietnam and Israel

July 25, 2023

Daisy

Middle East, News, Trade Agreements, Vietnam

0

The International Trade Council heralds the successful signing of a free trade agreement between Vietnam and Israel, culminating in seven years of detailed negotiations. Signed by the respective trade ministers, the agreement was marked with great optimism this Tuesday.   Predicted to rapidly increase annual bilateral trade by close to 50%, the deal is poised […]

Globalstar and Owaka safeguard 15,000 participants in record year for adventure and extreme sports events

July 19, 2023

Daisy

Event Management, New Zealand, News

0

Highlights: Specialist tracking solutions provider  Owaka  has had a record-breaking year, with ever more organisers of sporting competitions and automotive rallies choosing reliable SPOT Gen4 GPS messengers and  Globalstar  satellites for participant tracking, communications and emergency support Owaka’s highly functional video and data platform helps race officials, as well as friends, family and sponsors, keep […]

Philippines Introduces “Green Lanes” to Attract Foreign Direct Investments

July 13, 2023

Daisy

Foreign Direct Investment, News, Philippines

0

In a move aimed at bolstering foreign direct investments (FDI), the Philippines officially launched its “green lanes” for significant strategic investments. The initiative, intended to attract capital inflow into the country, will streamline the process for obtaining necessary documents to establish businesses within the nation, according to the Department of Trade and Industry (DTI).   […]

Implementation of the Foreign Direct Investment (FDI) Regulation in Luxembourg

July 12, 2023

Daisy

Foreign Direct Investment, Luxembourg, News

0

The International Trade Council hereby acknowledges the recent adoption by Luxembourg’s Chamber of Deputies of bill of law n °7885 on 13 June 2023. This bill puts into practice Regulation (EU) 2019/452, introducing a framework for screening foreign direct investments (FDI) into the EU. The law will be operative from 1 September 2023, joining Luxembourg […]

Canada’s Modern Slavery Act (2018) – First Orders to Produce Statements (2023)

July 12, 2023

Kristan

Supply Chain

0

Canada’s Modern Slavery Act (2018) – First Orders to Produce Statements (2023)

Canada’s Modern Slavery Act, passed quietly in 2018, began to show its sharper teeth in 2023. For the first time, Canadian courts issued orders compelling companies—some large, some perhaps caught off guard—to produce modern slavery statements. This development, anticipated by some and surprising to others, signals that the enforcement phase of the legislation is no […]

New Zealand Prepares for EU Free Trade Agreement to Boost Seafood Sector

July 10, 2023

Daisy

Europe, New Zealand, News, Trade Agreements

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New Zealand’s seafood industry is set to receive a significant boost with the signing of a free trade agreement (FTA) with the European Union on 9th July. The agreement, signed a year after the conclusion of negotiations in June 2022, is expected to eliminate most export tariffs, enhance market access, and reduce compliance requirements, fostering […]

Harnessing ISIC Codes for Cross-Border E-Government Services

July 10, 2023

Kristan

ISIC

0

Harnessing ISIC Codes for Cross-Border E-Government Services

E-government has become more than a vision of digital convenience. For many policymakers and businesses, it’s now a practical necessity—an answer to the growing demands for efficiency, transparency, and international integration. But as more economic activity spans borders, traditional administrative systems often become a bottleneck rather than a bridge. The International Standard Industrial Classification (ISIC) […]

Egypt Witnesses Growth in Foreign Direct Investment Inflow in 2022

July 8, 2023

Daisy

Egypt, Foreign Direct Investment, News

0

The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]

United Arab Emirates Achieves Record Foreign Direct Investment Inflow; Saudi Arabia Experiences Dip

July 7, 2023

Daisy

Foreign Direct Investment, News, Saudi Arabia, United Arab Emirates

0

The International Trade Council observes recent developments in the foreign direct investment (FDI) landscape in the Middle East and North Africa (MENA) region. As reported by the United Nations Conference on Trade and Development’s (UNCTAD) 2023 World Investment Report, the United Arab Emirates (UAE) has achieved a historic milestone in FDI inflow, while Saudi Arabia […]

Surecomp named a Leader in IDC MarketScape on Trade Finance Systems

July 5, 2023

Daisy

News, Trade Finance

0

Toronto, Canada, 4 July 2023 –  Surecomp ® today announced that it has been placed in the Leaders Category of the  IDC MarketScape: Worldwide Trade Finance Systems 2023 Vendor Assessment  (doc #US49436622, 28 June 2023).   The result of a rigorous and independent evaluation of eleven trade finance vendors, the IDC MarketScape states that “Surecomp […]

US Egypt Free Trade Agreement (2004) Renegotiation (2022) & Enhanced Supply Chain Provisions

June 28, 2023

Kristan

Supply Chain

0

US Egypt Free Trade Agreement (2004) Renegotiation (2022) & Enhanced Supply Chain Provisions

When the US-Egypt Free Trade Agreement was first signed back in 2004, few could have predicted how radically the conversation around supply chain transparency would shift over the following two decades. The agreement was functional, if somewhat conventional, focusing largely on tariff reductions and basic market access provisions. But the 2022 renegotiation of the FTA—finalized […]

International Trade Council Highlights Japan’s Record Investment Projections For Fiscal 2023

June 23, 2023

Daisy

Economic Development, Japan, News

0

The International Trade Council (ITC) acknowledges the latest findings by Nikkei that Japanese companies are on track to set a new record in capital investment, reaching 31.6 trillion yen ($223 billion) in the 2023 fiscal year. This represents an increase of 16.9% from the previous fiscal year across all industries. Based on the survey encompassing […]

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Important Disclaimer: The International Trade Council is not affiliated in any way with the International Trade Centre. The International Trade Centre is a joint subsidiary organ of the United Nations (acting through UNCTAD) and the World Trade Organization. The International Trade Council is an independent peak-body chamber of commerce acting on behalf of its member businesses and governments. If you are looking for the International Trade Centre, please visit www.intracen.org.