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WTO Members Pledge to Intensify Work on Fisheries Subsidies Ahead of MC13

December 8, 2023

Daisy

News, Sustainability

0

At the conclusion of the final Fish Week held from December 4-8, WTO members reasserted their commitment to the ongoing fisheries subsidies negotiations. Despite being unable to reach a conclusive agreement by December, they expressed optimism about achieving a successful outcome at the 13th Ministerial Conference (MC13) scheduled for February. Director-General Ngozi Okonjo-Iweala and Ambassador […]

Romania’s Ambitious Plan to Elevate Ukraine’s Grain Transit Nears Fruition

December 7, 2023

Daisy

Geopolitics, News, Ukrain

0

In a promising development, Romania is steadily progressing toward its goal of enhancing the monthly transit capacity for Ukrainian grain through the Black Sea port of Constanta to an impressive four million metric tons, according to statements made by the country’s Transport Minister. The announcement comes in the wake of a meeting that brought together […]

US and Mexico Collaborate to Strengthen Investment Security Screening

December 7, 2023

Daisy

International Trade, Mexico, News, United States

0

In a significant move aimed at bolstering national security, the U.S. Treasury has announced a formal agreement with Mexico’s finance ministry to cooperate on enhancing the screening of foreign investments. This collaborative effort includes the regular exchange of information regarding best practices in investment security.   The Biden administration has been actively promoting Mexico as […]

Chinese President Xi Jinping to Strengthen Ties with Vietnam during Upcoming Visit

December 7, 2023

Daisy

International Relations, News, Vietnam

0

China’s President Xi Jinping is scheduled to visit Vietnam on December 12-13, with the aim of meeting top state officials and further enhancing the bilateral relations between the two nations, as announced by the Chinese foreign ministry.   During the visit, discussions will center on a range of key areas, including political security, multilateral cooperation, […]

New Report Explores Opportunities and Challenges for Developing Economies in Digital Trade

December 7, 2023

Daisy

International Trade, News

0

A recently launched joint report titled “Digital Trade for Development” delves into the potential opportunities and challenges those developing economies may encounter in the realm of digital trade. This collaborative publication involves five prominent international organizations: the International Monetary Fund (IMF), the Organization for Economic Co-operation and Development (OECD), the United Nations Conference on Trade […]

EU and African Nations Collaborate on WTO Reform to Address Chinese Market Influence

December 6, 2023

Daisy

Africa, Europe, International Trade, News

0

In a recent study conducted by the German Economic Institute (IW), it has been suggested that the European Union (EU) should collaborate with African countries to revamp the World Trade Organization’s (WTO) subsidy regulations. This strategic move aims to counteract market distortions caused by China’s subsidies and its diplomatic influence.   The IW, a respected […]

China’s November Trade Data Highlights Mixed Signals in Global Commerce

December 6, 2023

Daisy

China, International Trade, News

0

In a recent report released by Chinese customs authorities, it was revealed that China’s exports in November experienced a modest increase of 0.5% compared to the same period in the previous year. Simultaneously, imports registered a slight decline of 0.6%, presenting an intriguing snapshot of China’s trade dynamics.   This unexpected performance in the export […]

Canada’s Trade Surplus Exceeds Expectations in October

December 6, 2023

Daisy

Canada, International Trade, News

0

Canada has reported a trade surplus larger than anticipated, amounting to C$2.97 billion ($2.19 billion) in October, according to data from Statistics Canada. This surplus comes as exports experienced a slight increase, while imports registered a significant decline.   Analysts participating in a Reuters poll had forecasted a trade surplus of C$1.60 billion. September’s surplus […]

EU’s Proposal for Three-Year Extension on EV Trade Rules Strengthens EU-UK Cooperation

December 6, 2023

Daisy

Europe, International Trade, News, United Kingdom

0

In a bid to prevent import tariffs on electric vehicles (EVs) traded between the European Union (EU) and the United Kingdom (UK), the EU has put forth a proposal for a three-year extension to the tightening of trade rules, originally slated to take effect next year.   The EU and the UK represent each other’s […]

U.S. Engages with Venezuela Amid Sanctions Evaluation

December 5, 2023

Daisy

News, Sanctions, United States

0

Amid deliberations within the Biden administration regarding the potential reinstatement of energy sanctions on Venezuela, the United States remains in dialogue with representatives from President Nicolas Maduro’s government, according to Brian A. Nichols, a State Department official. The discussions are part of a broader effort to assess whether the Maduro government has met specific conditions […]

Germany Continues to Attract Foreign Direct Investment Despite Expected Dip in Numbers

December 5, 2023

Daisy

Foreign Direct Investment, Germany, News

0

Germany remains a highly attractive destination for foreign direct investment (FDI) in Europe, according to Germany Trade & Invest. While the number of foreign companies settling in the country is expected to decrease by nearly 20% in 2023, Germany maintains its status as Europe’s top choice for FDI.   Similar declines in FDI have been […]

Evaluating SME Growth Incentives through ISIC Analysis

December 5, 2023

Kristan

ISIC

0

Evaluating SME Growth Incentives through ISIC Analysis

Efforts to spur the growth of small and medium-sized enterprises (SMEs) are ubiquitous in economic policy. Whether through subsidized lending, tax incentives, or direct grants, governments and development agencies routinely invest in programs designed to accelerate SME performance, hoping that broader economic dynamism will follow. Yet, evaluating whether these efforts truly make a difference requires […]

China and Mexico Officials Pledge to Enhance Bilateral Cooperation

December 5, 2023

Daisy

China, Mexico, News, Trade Agreements

0

In a demonstration of strong bilateral relations, Chinese Foreign Minister Wang Yi and Mexican Foreign Minister Alicia Barcena met in Beijing to discuss the potential for further cooperation between their two countries. Wang Yi emphasized the substantial potential and ample room for development in China-Mexico cooperation during their meeting.   A significant point of discussion […]

U.S. Treasury Secretary Yellen Visits Mexico to Strengthen Cooperation on Fentanyl and Supply Chains

December 4, 2023

Daisy

Mexico, News, Supply Chain, United States

0

U.S. Treasury Secretary Janet Yellen is set to embark on a trip to Mexico City from December 5th to 7th, with a focus on enhancing collaboration with Mexican officials to combat illicit finance and the trafficking of fentanyl. Additionally, the visit aims to reinforce Mexico’s role in U.S. supply chains, as stated by Treasury officials. […]

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Important Disclaimer: The International Trade Council is not affiliated in any way with the International Trade Centre. The International Trade Centre is a joint subsidiary organ of the United Nations (acting through UNCTAD) and the World Trade Organization. The International Trade Council is an independent peak-body chamber of commerce acting on behalf of its member businesses and governments. If you are looking for the International Trade Centre, please visit www.intracen.org.