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Bidenomics Sparks Surge in Foreign Investment in U.S. Manufacturing, Indicating Strong Growth Potential

August 23, 2023

Daisy

Foreign Direct Investment, News, United States

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The International Trade Council is observing a notable trend in foreign investment within the U.S. manufacturing sector, raising questions about potential impacts stemming from economic policies, including those of the Biden administration. Recent data highlights an increase in construction spending for manufacturing facilities in the United States, with real manufacturing construction witnessing a doubling since […]

China Unveils 24 New Initiatives to Propel Foreign Investment Growth, Reinforcing Commitment to International Trade

August 23, 2023

Daisy

China, Foreign Direct Investment, News

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The International Trade Council welcomes China’s resolute drive to fortify its foreign investment landscape and foster increased global investment inflow. In a landmark directive issued by the State Council on Sunday, China underscores its dedication to enhancing the climate for foreign investment, amplifying its appeal as a prime investment destination. The comprehensive set of 24 […]

Malaysia Prioritizes Domestic Direct Investment (DDI) as Key Performance Indicator to Drive National Investment

August 22, 2023

Daisy

Economic Development, Malaysia, News

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KUALA LUMPUR – Following the conclusion of the second National Investment Council Meeting (NICM), the government has emphasized the pivotal role of Domestic Direct Investment (DDI) as a primary benchmark in determining the overall national investment strategy.   Prime Minister Datuk Seri Anwar Ibrahim highlighted the potential of strategic DDI to lure more Foreign Direct […]

Landmark Australia-UK Free Trade Agreement

August 22, 2023

Daisy

Australia, News, United Kingdom

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Melbourne, August 22, 2023 – The International Trade Council is pleased to acknowledge the successful implementation of the Australia-United Kingdom Free Trade Agreement (FTA). This milestone was celebrated today during the Australian British Chamber of Commerce business lunch in Melbourne. The recent activation of this gold-standard trade agreement marks a significant shift in the economic relationship […]

ASEAN and WIPO Strengthen Ties with New Memorandum of Understanding

August 21, 2023

Daisy

Intellectual Property, News

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SEMARANG – In a significant move to fortify intellectual property (IP) collaboration, the ASEAN Member States and the World Intellectual Property Organization (WIPO) inked a Memorandum of Understanding (MOU) on August 20, 2023. The signing, which took place during the 55th ASEAN Economic Ministers Meeting (AEM), was executed by Dr. Kao Kim Hourn, Secretary-General of […]

EU Deforestation Rules Raise Concerns About Global Trade Impact, Says ITC Chief

August 20, 2023

Daisy

Environmental Trade Regulations, Europe, News

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The European Union’s (EU) new rules aimed at curbing deforestation have raised concerns over their potential “catastrophic” impact on global trade if not implemented with consideration for small producers and developing nations, according to the head of the International Trade Centre (ITC).   Pamela Coke-Hamilton, the Executive Director of the ITC, a collaborative agency of […]

United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines

August 19, 2023

Daisy

News, Philippines, Trade Relations, United Kingdom

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United Kingdom Considers Establishing Joint Trade and Economic Committee with the Philippines The International Trade Council reports that the United Kingdom (UK) and the Philippines are in discussions regarding the potential formation of a Joint Trade and Economic Committee (JETCO). The aim of the JETCO would be to strengthen economic connections between the two nations. […]

International Financial System Reforms Discussed to Enhance Investment in Africa

August 18, 2023

Daisy

Africa, Investment and Trade Reform, News

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NAIROBI – During the recent United Nations Conference on Trade and Development (UNCTAD) presidential dialogue in Nairobi, Kenyan President William Ruto emphasized the need for reforms in the international financial system. Such reforms, he highlighted, would strengthen investor trust in the African continent. President Ruto advocated for improved risk assessments for Africa, emphasizing that a […]

International Trade Council Observes US Ban on New Investments in China’s Sensitive High-Tech Industries

August 18, 2023

Daisy

China, International Trade, News, United States

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The International Trade Council is taking note of the recent development concerning a ban issued by President Joe Biden in August, restricting new US investments in China’s high-tech sectors, specifically targeting artificial intelligence (AI), advanced semiconductors, and quantum information technologies. This policy encompasses various forms of investment, such as indirect investments, private equity, venture capital, […]

India and UAE Opt to Settle Crude Oil Transactions in National Currencies

August 15, 2023

Daisy

India, International Trade, News, United Arab Emirates

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India and the United Arab Emirates (UAE) have decided to settle crude oil transactions using their national currencies: the Indian rupee and the UAE dirham. This move follows the Memorandum of Understanding (MoU) that was signed when Prime Minister Narendra Modi visited the UAE on July 15.   This MoU led to the establishment of […]

Nigeria Anticipates Substantial Foreign Direct Investment Boost for Oil Projects

August 10, 2023

Daisy

Africa, Energy / Natural Gas, News

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Nigeria is poised to receive a significant influx of foreign direct investments (FDI) ranging from $18 to $20 billion in its oil sector, as various oil companies show renewed interest in restarting previously abandoned projects and expediting the progress of delayed initiatives. Bala Wunti, the Group General Manager of Nigerian Upstream Investment Services (NUIS), recently […]

US-Taiwan Trade Agreement Enacted to Enhance Bilateral Economic Cooperation

August 9, 2023

Daisy

International Trade Agreements, News, Taiwan, United States

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The International Trade Council notes the official enactment of the US-Taiwan trade agreement following US President Joe Biden’s endorsement. This legislation represents the first agreement under the US-Taiwan Initiative on 21st Century Trade, signaling a collaborative approach to bilateral trade ties. The agreement’s primary features include: Streamlining of customs procedures. Measures against corruption. Support mechanisms […]

International Trade Council Addresses EU Trade Deficit with China

August 8, 2023

Daisy

China, Europe, News, Trade Relations

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The International Trade Council addresses the escalating concerns pertaining to the European Union’s trade deficit with China, which approached a notable €400 billion last year.   EU Trade Commissioner, Valdis Dombrovskis, communicated to media outlets about the remarkable deficit, highlighting that it has magnified twofold in a mere span of two years. This accentuates the […]

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