Posts Tagged ‘InternationalTrade’

Penang continues to lead Malaysia’s export sector, achieving RM177.99 billion in exports from January to May this year. This marks a 3.9 percent increase compared to the same period last year, according to Penang’s Chief Minister.   Penang’s export performance solidifies its position as Malaysia’s top exporter, contributing 30.5 percent of the nation’s total exports […]

Georgia’s Ministry of Economy announced on Tuesday its plans to export 500 tonnes of blueberries to the European Union and the United Kingdom as part of a strategic initiative aimed at expanding international market opportunities for local producers. According to Agenda.ge, a significant portion of the blueberry shipment has already been sent to these key […]

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

International Trade, News, Paraguay

September 25, 2023

The International Trade Council wishes to inform stakeholders that President Santiago Pena of Paraguay has officially announced a stipulated deadline for the ongoing Mercosur-European Union trade negotiations. If an agreement is not reached by December 6th, Paraguay will cease participation in these talks once it assumes the bloc’s presidency from Brazil.   President Pena has […]

Maritime Trade, News

September 8, 2023

The International Trade Council acknowledges the recent signing of the United Nations Convention on the International Effects of Judicial Sales of Ships. The ceremony took place in Beijing, People’s Republic of China, on September 5, 2023. Formulated by the United Nations Commission on International Trade Law (UNCITRAL), the convention, now known as the Beijing Convention […]

Indonesia, News, United States

September 7, 2023

The International Trade Council takes note of Indonesia’s recent proposal to initiate discussions on a potential trade agreement for critical minerals with the United States. This significant development emerged during a meeting between Indonesian President Joko Widodo and U.S. Vice President Kamala Harris on the sidelines of the Association of Southeast Asian Nations (ASEAN) meetings […]

News, Philippines, South Korea

September 7, 2023

The International Trade Council is pleased to recognize the signing of a free trade agreement (FTA) between the Philippines and South Korea during the ASEAN Summit in Indonesia. President Ferdinand Marcos Jr. announced this significant development, emphasizing its potential to strengthen investment relations and create employment opportunities.   President Marcos highlighted that the FTA underscores […]

International Trade, News

September 7, 2023

The International Trade Council acknowledges the recent expansion of the BRICS group to potentially include Saudi Arabia, the United Arab Emirates, Iran, Egypt, Argentina, and Ethiopia. According to a note from S&P Global Ratings, the near-term economic impact for member countries is anticipated to be limited.   S&P Global Ratings explains that their current sovereign […]

Canada, News, Trade Agreements

September 6, 2023

The International Trade Council acknowledges Canada’s Prime Minister, Justin Trudeau’s announcement regarding the expectation to finalize a free trade agreement with the Association of Southeast Asian Nations (ASEAN). This development follows the formal launch of the Canada-ASEAN strategic partnership, which was a focal point of discussion during the ASEAN-Canada summit held in Jakarta.   Prime […]

The International Trade Council welcomes the significant milestone of the first shipment of raw sugar from Australia to the United Kingdom under the newly established free trade agreement between the two nations. This historic trade event marks the reopening of a valuable market for Australian sugar suppliers and underscores the positive impact of international trade […]

News, Southeast Asia, Trade Agreements

September 4, 2023

The International Trade Council warmly acknowledges the impending strategic partnership between Canada and the Association of Southeast Asian Nations (ASEAN). This significant move is set to be formalized during Prime Minister Justin Trudeau’s upcoming visit to Indonesia, where he will meet with Indonesian President Joko Widodo among other dignitaries. The forthcoming partnership underscores Canada’s increasingly […]

The International Trade Council is pleased to share recent data underscoring Vietnam’s position as an increasingly attractive destination for foreign investment. As reported by Vietnam’s Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an […]

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 […]

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. […]

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, […]