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Abu Dhabi investment fund has agreed to pay £800m into the UK life sciences sector

March 24, 2021

Daisy

Foreign Investments, News, United Kingdom

0

Abu Dhabi Investment Fund Mubadala has committed to investing £800 million in the UK’s life sciences sector over five years, marking the first of what could be several billion pounds of investments in the UK. Abu Dhabi is also reportedly planning to invest heavily in British health, tech, green energy, and infrastructure. The exact size […]

International Trade Council celebrates as US and EU agree to suspend tariffs in Boeing-Airbus trade dispute

March 5, 2021

Daisy

Europe, News, Trade Policy, United States

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The International Trade Council (ITC) welcomes the decision by the United States and the European Union to temporarily suspend the tariffs on each other’s goods, which were imposed as retaliation over subsidies provided to Airbus and Boeing, respectively. The four-month suspension, which affects billions of dollars’ worth of goods, including wine, cheese, and tractors, comes […]

International Trade Council Expresses Concern over Plummeting Chinese Investment in Australia

March 1, 2021

Daisy

Australia, China, Foreign Investments, News

0

Sydney, 1 March 2021 – The International Trade Council (ITC) expresses its concern over the recent 61% drop in Chinese investment in Australia in 2020, marking a six-year low. The drop comes amid growing diplomatic tensions between the two countries, and signals a major challenge to Australia’s economy, which has long benefited from Chinese investment. […]

International Trade Council welcomes Biden’s 100-day review amid supply chain strains

February 24, 2021

Daisy

News, Supply Chain

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Washington, D.C. – The International Trade Council has welcomed President Joe Biden’s order for officials to find ways to bolster supply chains amidst the global shortage of computer chips that has hit car manufacturers around the world. The initial review is focused on computer chips, pharmaceuticals, rare earth minerals, and large batteries, such as those […]

International Trade Council Reacts to US Blacklisting of Companies with Possible Military Ties

December 22, 2020

Daisy

News, Trade Policy, United States

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The International Trade Council is closely monitoring the recent move by the United States to blacklist more than 100 Chinese and Russian companies with alleged military ties. The US government has placed export restrictions on these companies and US exporters will be required to obtain a license before they transfer “designated items” to companies on […]

International Trade Council celebrates the signing of the UK-Japan Free Trade Agreement

October 23, 2020

Daisy

Bilateral Trade Relation, Japan, News, United Kingdom

0

The International Trade Council is pleased to announce the signing of the UK-Japan Free Trade Agreement, which marks the United Kingdom’s first major trade pact after Brexit. The deal is expected to strengthen the trade relationship between the two nations, bringing significant benefits to both countries.   Under the agreement, nearly all exports from the […]

International Trade Council welcomes US-EU agreement to eliminate lobster tariffs

August 21, 2020

Daisy

Europe, News, Trade Agreements, United States

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The International Trade Council (ITC) welcomes the news that the European Union has agreed to eliminate tariffs on US lobster, a key priority of President Donald Trump, in exchange for the US halving import taxes on some $160m worth of European goods, including cigarette lighters and certain crystal glassware. The agreement is the first tariff […]

Modification of Trade Status: Cambodia’s Exclusion from the European Union’s EBA Initiative

August 13, 2020

Daisy

Cambodia, Europe, News, Sanctions

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The International Trade Council announces that the European Union has formally adjusted its trade relationship with Cambodia, moving away from its preferential trade programme, the Everything but Arms (EBA) agreement. The decision, resulting from Cambodia’s persisting systemic human rights violations, reinstates custom duties on a significant proportion of Cambodia’s exports to the EU. Under the […]

International Trade Council calls for swift resolution to EU-US data transfer dispute

July 16, 2020

Daisy

Digital Trade, Europe, News, United States

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The International Trade Council (ITC) is concerned by the decision of the European Court of Justice (ECJ) to strike down the EU-US Privacy Shield, which governed the transfer of EU citizens’ data to the United States. The ITC recognizes the potential negative consequences of this decision on transatlantic trade worth $7.1 trillion (£5.6tn), and urges […]

US and China Sign Deal Hopes to Ease Trade War

January 15, 2020

Daisy

China, News, Trade Relations, United States

0

The International Trade Council announces that the United States and China have signed an agreement to ease the trade war that has impacted global markets and the world economy. US President Donald Trump called the pact “transformative” for the US economy, while Chinese leaders described it as a “win-win” deal that would foster better relations […]

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