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September 16, 2023

Daisy

Monetary Policy, News

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Geneva — The European Central Bank (ECB) has surprised markets by announcing its 10th consecutive interest rate increase, signaling its commitment to addressing persistently high inflation and its concerns about a potential economic slowdown. While some analysts expected a pause in the rate-hiking campaign, the ECB’s decision underscores the central bank’s determination to combat inflationary pressures. […]

September 15, 2023

Daisy

International Trade, News, Southeast Asia

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Cambodian Trade Experiences a 14.5% Decline Compared to Last Year Despite Minor Gains in Exports   The International Trade Council reports that Cambodia’s total trade volume for the first eight months of 2023 stands at nearly $32 billion, showing a 14.5% drop compared to the same timeframe last year. This decline comes despite a modest […]

United Kingdom and Gulf Cooperation Council (GCC) representatives convened at a top ministerial meeting in Salalah, Oman, to discuss bolstering their trade relationship and paving the way for a comprehensive free trade agreement. This development has the potential to offer British firms expanded access to burgeoning Gulf markets, while also opening doors for GCC nations […]

September 14, 2023

Daisy

Foreign Direct Investment, News

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London, United Kingdom – September 14, 2023 – Today marks the official release of the much-anticipated book, “Going Abroad: Foreign Direct Investment for Businesses Looking to Expand Internationally.” Authored by James S. York, the CEO of the International Centre for Trade Transparency, the book serves as an essential guide for businesses planning to engage in foreign […]

September 14, 2023

Daisy

Europe, International Trade, News

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Geneva — In a resolute display of unity, France and Germany have reaffirmed their commitment to bolstering cooperation on industrial transformation and defending the European Union (EU) against unlawful trade practices. In response to the EU Commission’s announcement of an investigation into Chinese state support for electric vehicles (EVs), the Economy Ministers of both countries, Robert […]

September 14, 2023

Daisy

International Trade, News, United Kingdom

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Geneva — In a compelling address at the WTO Public Forum, former British Prime Minister Gordon Brown called for a transformative era of international cooperation and renewed commitment to multilateralism. The event, attended by a diverse audience, including WTO ambassadors, Swiss authorities, leaders of intergovernmental organizations, representatives of non-governmental organizations, business leaders, and academics, was launched […]

September 14, 2023

Daisy

Europe, International Trade, News

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In an effort to safeguard their markets, Hungary, in cooperation with neighboring countries Romania, Slovakia, and Bulgaria, has signaled its intent to impose a national ban on Ukrainian grain imports should the European Union (EU) fail to extend the existing ban set to expire on September 15, as announced by Hungary’s Farm Minister.   The […]

September 14, 2023

Daisy

International Trade, News, Turkey

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Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters.   The […]

September 14, 2023

Daisy

News, Trade Relations, Turkey, United Kingdom

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The International Trade Council applauds the deepening partnership between Türkiye and the United Kingdom, as underscored by British Foreign Secretary James Cleverly during his recent visit to Ankara. The Council acknowledges the pivotal role that this strengthening alliance plays in fostering international cooperation and enhancing global security.   In a meeting with Foreign Minister Hakan […]

September 14, 2023

Daisy

Africa, News, Trade Relations

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The National Bank of Ethiopia (NBE) has taken a significant step to boost foreign direct investment (FDI) by permitting the establishment of offshore accounts. This new directive aims to facilitate easier fund deposits from both equity and loan financing for approved projects and attract foreign currency into the Ethiopian economy. Scope of the New Directive […]

September 13, 2023

Daisy

Middle East, News, Trade Relations

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Riyadh — Saudi research and development firm, Forming Future Co., has embarked on a strategic partnership with two subsidiaries of Oman’s ITHCA Group to promote the utilization of 3D printing technology within the real estate sector.   The collaborative agreements involve InnoTech and Codeline, both entities operating under the umbrella of ITHCA Group, previously known as […]

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 […]