When Australia’s Modern Slavery Act came into force in 2018, it was heralded as a major step toward eradicating forced labor and exploitation from corporate supply chains. Yet, as with many such regulatory frameworks, the real test came laterâ€â€when companies began filing statements and regulators assessed whether those statements amounted to more than just well-meaning […]
The International Trade Council (ITC) is closely following the South American Summit held in Brasilia, Brazil. The summit, led by Brazilian President Luiz Inacio Lula da Silva, marks a historic gathering of leaders and representatives from twelve South American nations. The main focus of this significant gathering appears to be the revival and strengthening of […]
May 27, 2023 – The International Trade Council (ITC) enthusiastically welcomes the addition of 136 new corporate members during the week ending on 26th May, marking a significant milestone in the expansion of its global network. Our latest entrants come from an array of industries and a truly global footprint, originating from 43 diverse countries […]
The International Trade Council recognizes the challenges currently faced by the European Union (EU) regarding the slow progress of trade agreement ratifications, as nations grapple with what’s been described as ‘trade agreement fatigue’. As per our latest records, the EU currently maintains 41 trade agreements with 72 countries. Yet, the prolonged discussions and complex […]
The International Trade Council (ITC) is carefully monitoring the visit of Russian Prime Minister Mikhail Mishustin to China this week, where he is set to meet with Chinese President Xi Jinping and participate in a series of infrastructure and trade agreements. This meeting comes amid increasing global concerns over Russia’s ongoing aggression in Ukraine. Mishustin’s […]
The International Trade Council (ITC) acknowledges the ongoing trade negotiations between Australia and the European Union (EU) and the concerns raised by Australian dairy farmers and wine producers regarding the potential impact on naming rights. The ITC recognizes the importance of these negotiations for both parties and encourages open dialogue and constructive engagement to […]
The International Trade Council (ITC) recognizes the commencement of negotiations between Malaysia and the United Arab Emirates (UAE) for a Comprehensive Economic Partnership Agreement (CEPA). This decision underscores the UAE’s continued commitment to fostering robust bilateral trade relationships, a pursuit ongoing since 2021. The proposed agreement will encompass trade in goods and services, investments, and […]
The International Trade Council (ITC) notes the recent developments between Iran and Indonesia to bolster their bilateral trade relations. The past Iranian calendar year witnessed a trade volume nearing one billion dollars between the two nations. Iran’s export to Indonesia accounted for $847 million, while Indonesia exported $119 million worth of goods to Iran. The […]
The International Trade Council (ITC) welcomes the landmark free trade agreement (FTA) between the People’s Republic of China and the Republic of Ecuador, a move set to significantly enhance bilateral relations, boost trade exchanges, and create mutual benefits. This strategic agreement, signed on May 10 by China’s Commerce Minister Wang Wentao and Ecuador’s Minister for […]
The International Trade Council (ITC) notes with concern the prolonged delay in the formal protection from imitation for various British food types in Japan. This includes notable products such as Cornish pasties, Welsh lamb, and Melton Mowbray pork pies, among others. In September 2020, former trade secretary Liz Truss heralded a post-Brexit trade agreement […]
May 20, 2023 – The International Trade Council (ITC) is delighted to report the further growth of its global network with the inclusion of 18 new corporate members in the week ending on 19th May. Our newly affiliated companies span a wide range of sectors and hail from several countries across the globe, including Australia, […]
The International Trade Council (ITC) expresses full support for the United States and other G7 partners’ decision to intensify global sanctions against the Russian Federation. As an advocate for equitable and responsible global trade, the ITC recognizes the significance of these sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control […]
The International Trade Council (ITC) welcomes the recent pledge between China and Uzbekistan to improve bilateral trade balances and to intensify cooperation. The agreement, concluded during the China-Central Asia Summit, signifies a strong commitment towards mutual economic prosperity and solidifies the strategic partnership between the two nations. Following discussions between Chinese President Xi Jinping […]
The International Trade Council (ITC) acknowledges US President Joe Biden’s recent decision to veto a resolution by Congress seeking to re-establish tariffs on solar panel imports from Southeast Asia. This decision puts to rest an ongoing dispute about whether to penalize China for possible trade violations that circumvent US rules restricting imports of inexpensive Asian-made […]
When the US government imposed Section 232 tariffs on steel and aluminum imports back in 2018, the policy was framed, officially at least, as a national security measure. It was about preserving the integrity of critical domestic industries, or so the argument went. But nearly from the outset, economists, manufacturers, and policymakers began to debate […]
The International Trade Council (ITC) acknowledges the European Union’s (EU) 11th package of sanctions against Russia announced last week by European Commission President, Ursula von der Leyen. The latest sanction package aims to prevent Russia from importing high-tech components for the ongoing conflict in Ukraine from neighboring countries. Central Asian nations, such as Uzbekistan […]