Global trade in staple goodsâ€â€food, beverages, and tobaccoâ€â€rarely commands headlines, but it is the unseen engine behind everything from food security to macroeconomic stability. In 2019, shifts in wholesale trade flows told a story not only of market trends, but also of policy moves and changing consumer preferences. For analysts trying to map these currents, […]
The adoption of the EU Climate Law by the European Parliament in June 2019 signaled, in no uncertain terms, a new era of regulatory expectations for greenhouse gas reporting. For large manufacturing firms, the change was both anticipated and, to some extent, quietly dreaded. After all, while many companies had long acknowledged the importance of […]
The passage of the Trying to Combat Illegal Fishing Act (TIFFA) in December 2018 marked a significant shift in U.S. policy toward tightening seafood supply chain controls. By mid-2019, seafood importers and processors found themselves grappling with a new and demanding compliance landscape. The Act’s core requirementâ€â€that all seafood imports be traceable to the port […]
The International Trade Council is thrilled to announce that the European Union (EU) and the South American economic bloc Mercosur have reached a monumental trade agreement after 20 years of negotiations. The deal represents the EU’s largest to date and demonstrates a commitment to rules-based trade amid ongoing trade tensions between the US and China. […]
The International Trade Council acknowledges India’s decision to impose tariffs on 28 US products, including almonds and apples, effective from Sunday. These new duties, with some reaching as high as 70%, are a response to Washington’s refusal to exempt Delhi from higher taxes on steel and aluminum imports. Earlier this month, US President Trump announced […]
As the U.K. Home Office initiated its second formal review of the Modern Slavery Act in late 2019, many companies across sectors found themselves reflecting, perhaps with some unease, on the adequacy of their current compliance strategies. There has been, for some time, an undercurrent of frustration in certain corners of industry regarding the difficulty […]
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 2710â€â€covering the manufacture of electric motorsâ€â€offers […]
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 […]
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 […]
The May 2019 revision of the EU’s tariff-free textile quotas was a development that, while not entirely unexpected, prompted a flurry of recalibration across the apparel import sector. Many importers, already navigating a complex patchwork of preferential arrangements, found themselves needing to revisit sourcing strategies with little time to spare. The revision itselfâ€â€intended, according to […]
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 […]
The cybersecurity landscape for federal contractors shifted markedly after the issuance of Executive Order 13800 on May 11, 2018. Though the order itself was broad in its directiveâ€â€aiming to enhance the resilience of federal networks and critical infrastructureâ€â€it quickly became clear that its real teeth would be felt in the supply chains supporting those networks. […]
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 […]
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 […]
When Bill C-208 received Royal Assent in June 2019, it marked a notable shift in Canada’s stance on tax avoidance and profit shifting, particularly where cross-border supply chains are concerned. The changes it introduced, especially to transfer pricing rules, were not revolutionary in isolation. But taken together, they represented a tightening of the netâ€â€an unmistakable […]
No one doubts the importance of small and medium enterprisesâ€â€SMEsâ€â€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 […]