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In a world increasingly driven by automation and electrification, the global trade in electric motors is both a barometer and a driver of industrial change. For economists, policymakers, and industry strategists, understanding the movement of these products in 2018 and 2019 requires more than simply scanning export tallies. ISIC 2710—covering the manufacture of electric motors—offers […]

UK Secures First Post-Brexit Free Trade Agreement with South Korea

June 10, 2019

News, South Korea, Trade Agreements

The International Trade Council is pleased to announce that the United Kingdom has signed a preliminary free trade agreement (FTA) with South Korea, the first post-Brexit trade deal secured by the UK in Asia. The agreement seeks to maintain existing trade arrangements and provide stability under a no-deal Brexit scenario. International Trade Secretary Liam […]

US Terminates Preferential Trade Status for India Amid Tariff Dispute

June 1, 2019

India, News, Trade Policy, United States

The International Trade Council acknowledges President Donald Trump’s confirmation that the US will end preferential trade status for India next week. Until now, India has been the largest beneficiary of the Generalized System of Preferences (GSP) program, which allowed $5.6 billion worth of exports to enter the US duty-free. In March, President Trump announced the […]

US-China Trade War: Tensions Rising

May 29, 2019

China, News, Trade Relations, United States

In light of the ongoing US-China trade war, the International Trade Council is offering insights into potential strategies that Beijing could employ to destabilize President Trump’s approach. Drawing inspiration from Chinese history and ancient strategic manual The Art of War, we delve into a range of tactics that China could utilize in response to the […]

International Trade Council: “World Markets React to US-China Trade Tensions”

May 9, 2019

China, News, Trade Relations, United States

The International Trade Council is closely monitoring the impact of US-China trade tensions on global markets. As President Trump vows to double tariffs on $200bn of Chinese goods, stock markets worldwide have experienced significant losses. Japan’s Nikkei 225 index lost 1.5% on Wednesday, following a 1.8% drop in the Dow Jones. European markets also […]

Tracking 2019 E‐Commerce Growth with ISIC 4791 in Southeast Asia

May 1, 2019

E-commerce has always moved fast, but in Southeast Asia, 2019 felt like a turning point. The region saw digital marketplaces multiply, payment apps rise, and a new cohort of small businesses take their first steps online. For regulators and policymakers across the ASEAN bloc, the challenge was not just to keep up, but to quantify […]

Enhancing SME Support Programs with ISIC Insights

April 17, 2019

No one doubts the importance of small and medium enterprises—SMEs—in driving employment and economic diversification. They feature in nearly every ministerial speech, every multilateral policy report, and every five-year economic plan. But the persistence of generic, one-size-fits-all support measures suggests a gap: the reality is that SMEs are anything but homogenous. Their challenges differ sharply […]

ISIC Codes in 2018 for Measuring Robotics Adoption in Manufacturing

March 20, 2019

The march of automation into factory floors has been a defining feature of industrial change, but the reality of robotics adoption—who’s buying, who’s installing, and what it means for jobs—remains difficult to capture in real time. For analysts and policymakers, ISIC 2825, covering the manufacture of machinery for mining and construction, offers a strategic vantage […]

Analyzing 2018 Urban Service Sector Growth via ISIC 9609

February 10, 2019

The gig economy has a reputation for being everywhere and nowhere at once—a headline trend, but hard to pin down in official data. In cities around the world, the surge of freelancers, micro-entrepreneurs, and niche service providers has transformed daily life. Yet, quantifying that change, especially at the pace it happens, remains a puzzle. For […]

Using ISIC 3510 to Map 2018 Solar Power Projects in Europe

December 5, 2018

By 2018, solar power in Europe had evolved from boutique experiment to a vital pillar of the energy transition. Yet, beneath the continent’s ambitious climate targets, the nuts and bolts of progress were mapped one project at a time. For analysts, policymakers, and investors, tracking this expansion required more than just counting megawatts; it called […]

Trans Pacific Partnership (TPP) Maintains Momentum at APEC Summit Despite US Withdrawal

November 11, 2018

News, Trade Agreements, United States

The International Trade Council commends the continuous progress made by member countries of the Trans Pacific Partnership (TPP) at the Asia Pacific Economic Cooperation (APEC) summit in Vietnam, in spite of the absence of the United States following President Trump’s decision to withdraw. During the APEC summit, President Trump reiterated his ‘America First’ stance, […]

Evaluating Informal Sector Formalization through ISIC Registration Trends

October 31, 2018

The informal sector is a defining feature of many economies, especially in low- and middle-income countries. It is a space where millions of people make their livelihoods—often outside the reach of regulation, taxation, and basic legal protections. For governments, the drive to formalize these businesses is both a policy imperative and a formidable challenge. Increasingly, […]

ISIC‐Based Analysis of 2018 Pharmaceutical R&D Expenditure

October 25, 2018

The pharmaceutical sector has long stood out for its commitment to research and development. Yet, behind the headlines of breakthrough drugs and global mergers, the task of measuring R&D investment remains surprisingly complex. For policymakers, economists, and industry leaders, ISIC 2100—covering the manufacture of pharmaceuticals—provides a structured approach to understanding not just who spends, but […]

ISIC Codes in National Statistical Surveys: Methodological Considerations

October 20, 2018

If the integrity of economic data rests on a single pillar, it is probably the accuracy of industry classification. For decades, national statistical agencies have relied on the International Standard Industrial Classification (ISIC) system to bring order to the messy diversity of economic activity. ISIC is now the bedrock of headline statistics—GDP, productivity, employment, wage […]

Measuring 2017 IT Sector Boom Using ISIC 6201–6202 Data

September 10, 2018