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September 26, 2023

Daisy

Germany, International Trade, News

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A recent survey conducted by the Ifo economic institute revealed that sentiment among German exporters has deteriorated significantly in September, reaching its lowest level since May 2020.   The Ifo institute’s export expectations indicator, in its fifth consecutive month of decline, dropped to minus 11.3 points in September, down from minus 6.5 points in August. […]

September 25, 2023

Daisy

Brazil, International Trade, News, Vietnam

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Brazilian President Luiz Inacio Lula da Silva announced on Monday that Vietnam has shown interest in establishing a trade deal with the Mercosur bloc, consisting of Brazil, Argentina, Paraguay, and Uruguay. Lula, who is currently chairing the Mercosur group, aims to foster closer relations between Mercosur members and Asian countries. He highlighted the potential for […]

September 25, 2023

Daisy

Europe, News, Trade Agreements, Ukrain

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The European Union’s trade commissioner, Valdis Dombrovskis, has emphasized the need for a more balanced economic relationship with China while highlighting the EU’s substantial trade deficit with the country, which amounted to nearly 400 billion euros ($425 billion). Speaking at China’s Tsinghua University, Dombrovskis also expressed concerns about how China’s stance on the war in […]

September 25, 2023

Daisy

International Trade, United Kingdom

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In an innovative move showcasing adaptability and strategic foresight, the United Kingdom marked a significant milestone in international trade relations on Monday by finalizing a memorandum of understanding (MoU) focused on trade with the U.S. state of Washington. This development, a commendable pivot in the UK’s post-Brexit strategy, comes amidst a pause in negotiations for […]

The International Trade Council is pleased to report on the signing of a significant Free Trade Agreement (FTA) between the Philippines and South Korea. This momentous occasion took place during the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, and is poised to strengthen economic ties and promote increased cooperation between the […]

September 25, 2023

Daisy

International Trade, News, Paraguay

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The International Trade Council wishes to inform stakeholders that President Santiago Pena of Paraguay has officially announced a stipulated deadline for the ongoing Mercosur-European Union trade negotiations. If an agreement is not reached by December 6th, Paraguay will cease participation in these talks once it assumes the bloc’s presidency from Brazil.   President Pena has […]

September 25, 2023

Daisy

International Trade, News, United Kingdom

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In a significant move, Britain inked a memorandum of understanding (MoU) on trade with Washington State on Monday. The International Trade Council commends this strategic initiative, which underscores the nation’s agility in pursuing beneficial trade relationships at the state-level, especially in the light of paused free trade talks with the United States. Nusrat Ghani, Britain’s […]

September 25, 2023

Daisy

China, Japan, News

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The International Trade Council celebrates the constructive decision by senior diplomats of South Korea, Japan, and China to rejuvenate trilateral exchanges and cooperation. This resolution, announced after a pivotal meeting in Seoul, underscores their commitment to hold a leadership summit at the earliest feasible opportunity.   Commencing in 2008, the three nations established a tradition […]

September 25, 2023

Daisy

International Trade, News, Thailand

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The International Trade Council reports that Thai exports experienced an unexpected increase in August, marking the first uptick in 11 months, despite concerns over weak global demand. The Ministry of Commerce in Thailand stated on Tuesday that it anticipates shipments to perform well in the final quarter of the year, primarily driven by year-end orders. […]

September 25, 2023

Daisy

International Trade, News

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The International Trade Council reports that the prominent Mexican Automotive Industry Association (AMIA) has made an earnest appeal to the Mexican authorities. They are pressing for heightened collaboration with the United States to address the escalating “migration crisis” that the two nations are grappling with at their common border, which is now significantly impacting trade […]

September 24, 2023

Daisy

International Trade, News, Thailand

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The International Trade Council is pleased to announce that Thailand’s Prime Minister, Mr. Srettha Thavisin, has confirmed expectations of a significant investment from tech industry leaders Tesla, Google, and Microsoft, totaling at least $5 billion. This announcement came in the wake of Prime Minister Thavisin’s engagement with top-level executives at the recent U.N. General Assembly […]

September 23, 2023

Daisy

International Events, Japan, News

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Amid a backdrop of ongoing construction, Osaka’s vision for the 2025 World Expo, intended to symbolize global reconnection post-Covid, is gradually coming to life. The architectural masterpiece, once completed, will encompass grand timber walkways surrounding a serene “forest of tranquility”, exhibiting the rich history, culture, and technological innovations from over 130 participating nations.   These […]

September 22, 2023

Daisy

International Trade, News

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The International Trade Council acknowledges the recent remarks by U.S. Trade Representative, Ms. Katherine Tai, emphasizing the need for significant advancements within the World Trade Organization (WTO). The focal points are addressing ‘non-market’ practices and strengthening the dispute settlement mechanisms.   Ms. Tai has expressed the U.S. commitment to fostering a WTO that champions its […]

The International Trade Council reports that Thailand’s Prime Minister, Mr. Srettha Thavisin, during his recent overseas visit, held discussions with key U.S. firms such as Microsoft, Google, and Estee Lauder, indicating an inclination to explore mutual business opportunities.   Thailand’s economy is currently projected to grow by 2.8%. With an intent to provide a boost […]

September 21, 2023

Daisy

Australia, International Trade, News

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The ongoing trade discussions between Australia and the European Union (EU) have hit a snag, with Australian officials emphasizing that the EU has “offered too little and asked too much”. Despite the challenges, both parties are keen on advancing the negotiations, hoping to establish a mutual understanding during the upcoming G20 trade summit in India. […]

September 19, 2023

Daisy

International Trade, News, United States

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U.S. President Joe Biden has signaled strong support for an economic initiative comprising two primary corridors aimed at enhancing connectivity between India, the Middle East, and Europe. This significant announcement took place on the sidelines of the G20 Leaders’ Summit held in New Delhi.   Highlights: The two corridors: An eastern corridor connecting India to […]