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

May 10, 2022

Daisy

Economic Sanctions, News, Russia, Ukrain

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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. […]

Assessing Digital Payment Adoption by ISIC-Tracked Retailers

May 10, 2022

Kristan

ISIC

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Assessing Digital Payment Adoption by ISIC-Tracked Retailers

The digital revolution in payments has been talked about for years, but the reality on the ground is uneven. Some retailers have leapt into mobile and online payments, while others—sometimes just down the street—stick to cash, wary of transaction fees, technology headaches, or customer resistance. For policymakers and analysts trying to track this transition, ISIC […]

Canada’s Bill C-13 (Digital Charter Implementation Act, 2021) – Supply Chain Data Privacy Implications

May 1, 2022

Kristan

Supply Chain

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Canada’s Bill C-13 (Digital Charter Implementation Act, 2021) – Supply Chain Data Privacy Implications

Bill C-13, also known as the Digital Charter Implementation Act, 2021, represents one of the most significant overhauls of Canadian privacy law in decades. With the legislation taking effect in November 2022, many Canadian firms—particularly those engaged in cross-border trade and logistics—have been steadily waking up to its profound implications. For supply chain managers, compliance […]

International Trade Council comments on Pakistan’s strategy to boost foreign exchange reserves

April 29, 2022

Daisy

Economic Development, News, Pakistan

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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 country’s finance minister, Miftah Ismail, has confirmed that the government has a “strategy” in place to increase its […]

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

April 26, 2022

Daisy

International Trade, News, Ukrain

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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.   […]

Pakistan Seeks Extension of IMF Programme and Increased Funding

April 26, 2022

Daisy

Financial Regulation, News, Pakistan

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Islamabad, Pakistan – The Pakistani Finance Minister, Miftah Ismail, has announced that Pakistan is seeking an increase in the size and duration of its $6bn International Monetary Fund (IMF) programme. Following discussions with the IMF in Washington, Ismail requested that the fund extend the programme for another year and enhance the funding available to Pakistan […]

US “Right to Repair” Bill (Senate 2022) – Implications for Spare-Parts Supply Chains

April 15, 2022

Kristan

Supply Chain

0

US “Right to Repair” Bill (Senate 2022) – Implications for Spare-Parts Supply Chains

The introduction of the US Senate’s “Right to Repair” bill in early 2022 marked a significant moment in the long-running debate over consumer rights, electronics durability, and supply-chain transparency. For years, advocates had been calling for measures that would curb what they view as artificial barriers to product longevity—whether that means locked-down software, unavailable replacement […]

China Cuts Tariffs for New Zealand Wood and Paper: International Trade Council Acknowledges Positive Development

April 7, 2022

Daisy

China, New Zealand, News, Trade Policy

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The International Trade Council acknowledges the recent announcement by China’s Ministry of Finance to cut tariffs on wood and paper from New Zealand. The decision is expected to boost trade and investment between the two countries and foster economic growth. China will eliminate tariffs on 12 wood and paper products imported from New Zealand from […]

US Congress Votes to Suspend Russia Trade Status: International Trade Council Provides Insight

April 7, 2022

Daisy

News, Russia, Trade Policy, United States

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Washington, D.C. – The International Trade Council provides insight into the recent vote by the United States Congress to suspend Russia’s ‘most favoured nation’ trade status and ban imports of Russian oil. The Council urges all parties to engage in constructive dialogue to ensure that international trade and economic stability are maintained. With the US […]

Australia and India Forge Closer Trade Ties with Economic Cooperation and Trade Agreement

April 2, 2022

Daisy

Australia, Bilateral Trade Relation, India, News

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The International Trade Council welcomes the recent signing of the Australia-India Economic Cooperation and Trade Agreement, which signals an intention by the two nations to forge closer trade ties.   The virtual ceremony took place on April 2, with Australia’s Prime Minister, Scott Morrison, and his Indian counterpart, Narendra Modi, witnessing the event.   According […]

International Trade Council Announces Israel-UAE Free Trade Agreement

April 1, 2022

Daisy

Economic Development, News, United Arab Emirates

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The International Trade Council is pleased to announce the conclusion of negotiations between Israel and the United Arab Emirates for a free trade agreement. The deal, which was reached after four rounds of negotiations, including a meeting in Egypt last month between Israeli Prime Minister Naftali Bennett and the UAE’s de facto leader, Abu Dhabi […]

EU Conflict Minerals Regulation (2017) – Third-Party Audit Best Practices (2021)

April 1, 2022

Kristan

Supply Chain

0

EU Conflict Minerals Regulation (2017) – Third-Party Audit Best Practices (2021)

The implementation of the EU Conflict Minerals Regulation (2017/821) has continued to reshape supply chain governance, particularly for sectors where tin, tantalum, tungsten, and gold—so-called 3TG minerals—are essential inputs. Nowhere has this been felt more keenly than in the automotive industry, where Tier 1 suppliers find themselves navigating complex global sourcing relationships under intense scrutiny. […]

Australia’s Modern Slavery Act (2018) – First Reviews and Open Data Gaps (2021)

March 15, 2022

Kristan

Supply Chain

0

Australia’s Modern Slavery Act (2018) – First Reviews and Open Data Gaps (2021)

The release of the first parliamentary review of Australia’s Modern Slavery Act (2018), published towards the end of 2021, marked an important, though perhaps somewhat sobering, milestone in the country’s effort to combat forced labour and exploitation in supply chains. For those of us tracking the Act’s implementation, the review’s findings were hardly surprising, yet […]

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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.