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September 13, 2023

Daisy

Europe, News, Thailand, Trade Relations

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Negotiations for a free-trade agreement (FTA) between Thailand and the European Union (EU), commonly referred to as the Thai-EU FTA, are set to commence next week with the aim of finalizing the agreement within a two-year timeframe. The Department of Trade Negotiations, operating under the Thai Commerce Ministry, will oversee these negotiations.   Auramon Supthaweethum, […]

September 13, 2023

Daisy

Bahrain, News, Trade Agreements

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The International Trade Council is pleased to announce the signing of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) between the United States and Bahrain, ushering in a new era of cooperation and partnership across various domains, including defense, security, science, technology, trade, and investment.   The historic agreement was formalized during a ceremony at […]

September 13, 2023

Daisy

Foreign Investments, Middle East, News

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Israel’s Ministry of Finance has disclosed a substantial 60% decrease in overseas investment during the first quarter of 2023, amounting to approximately $2.6 billion. When juxtaposed with the average quarterly investment figures from 2020 and 2022, this drop signifies a marked contraction, consisting primarily of reduced international transactions and a diminished presence of foreign investors. […]

September 12, 2023

Daisy

Economic Development, News

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Geneva, Switzerland – The World Trade Organization’s (WTO) annual Public Forum, which commenced on September 12, kicked off with the launch of the annual World Trade Report. The WTO’s Chief Economist, Ralph Ossa, addressed a gathering of delegates and highlighted key points from the report, advocating for an increased focus on international trade as a means […]

In a proactive diplomatic move aimed at enhancing the relationship between Israel and the United Kingdom, Foreign Minister Eli Cohen met with his British counterpart, James Cleverly, in Jerusalem on Monday. This diplomatic engagement serves as a testament to the commitment of both nations to foster cooperation and expand areas of mutual interest. During the […]

September 12, 2023

Daisy

Canada, International Trade, News, Taiwan

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The International Trade Council acknowledges Canada’s unwavering commitment to strengthening trade relations with Taiwan, as expressed by Ed Jager, Director of Trade and Investment at the Taipei Canadian Trade Office. Mr. Jager’s remarks underscore Canada’s dedication to fostering economic collaboration and enhancing trade ties with Taiwan, reinforcing the belief that partnership and cooperation are vital […]

September 12, 2023

Daisy

Africa, Foreign Direct Investment, News

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Cross River State in Nigeria has secured $1 billion in Foreign Direct Investment (FDI), as announced by State Governor, Senator Bassey Otu. The investment follows the recently concluded International Cooperation and Investment Summit hosted by the state. Investment Details and Impact on Employment In a media briefing marking his first 100 days in office, Governor […]

In a noteworthy development that holds significance for foreign direct investment (FDI) in the Middle East and North Africa region, the United Arab Emirates (UAE) has executed a series of legislative changes designed to foster a more open investment environment. A UNCTAD report released in July 2023 indicates that the UAE now ranks among the […]

September 11, 2023

Daisy

Agricultural Trade, Australia, Indonesia, News

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The Department of Agriculture, Fisheries and Forestry (DAFF) has announced a successful agreement with the Indonesian Agriculture and Quarantine Agency (IAQA). Effective immediately, the suspensions and restrictions on live cattle and buffalo exports from seven registered establishments across northern Australia have been lifted.   This decision follows a week of technical discussions with Indonesian authorities, […]

September 11, 2023

Daisy

Africa, International Relations, News

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The International Trade Council extends its congratulations to the G20 leaders and Indian Prime Minister Narendra Modi for the historic inclusion of the African Union as a permanent member of the G20. The landmark announcement came during the G20 Summit held in New Delhi, India, on September 9, 2023.   The G20, formerly a coalition […]

September 11, 2023

Daisy

News, South Korea, Trade Relations

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The International Trade Council commends South Korea for its proactive engagement in international talks and the signing of multiple agreements related to minerals and electric vehicles (EVs). These agreements align with South Korea’s ambitious goals for EV battery manufacturing and underscore the nation’s commitment to pursuing strategic initiatives despite challenges in its manufacturing sector.   […]

September 11, 2023

Daisy

India, News, Saudi Arabia

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In a significant development aimed at strengthening economic cooperation between the two nations, India and Saudi Arabia have pledged to fast-track negotiations on the India-Gulf Cooperation Council (GCC) Free Trade Agreement (FTA).   During a special briefing on the State Visit of the Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed bin Salman […]

September 11, 2023

Daisy

India, News, United States

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The International Trade Council acknowledges the recent data released by the Reserve Bank of India (RBI), stating that the United States has been identified as the foremost contributor of foreign direct investment (FDI) into India for the financial year 2023 (FY23). According to the RBI census, the United States accounted for Rs 8.58 lakh crore […]

In a significant move to advance economic growth and mutual security, the Prime Minister of the United Kingdom has formally entered into a Strategic Partnership with Singapore. This partnership, signed on September 9, is expected to foster collaboration between the two nations in various domains, particularly in cutting-edge technologies like artificial intelligence (AI) and cybersecurity, […]

September 10, 2023

Daisy

India, International Trade, News

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The International Trade Council is pleased to report on the groundbreaking developments arising from India’s Prime Minister Narendra Modi’s participation in the 20th annual ASEAN-India summit and the 18th East Asia summit, both held in Jakarta on September 7, 2023. The Prime Minister, during his visit, introduced an extensive 12-point proposal aimed at fostering deeper […]