The United States and the European Union have formalized the terms of a new framework trade agreement, setting the stage for major changes in transatlantic trade flows. According to a joint statement released Thursday, the agreement includes a 15% tariff on a wide range of imports from Europe, covering sectors such as automobiles, auto parts,…
Atlanta, GA / Singapore / Washington, DC – The International Trade Council (ITC) and the National Black Chamber of Commerce (NBCC) today announced the signing of a Memorandum of Understanding (MOU) to strengthen cooperation in advancing global trade opportunities for Black-owned small and medium enterprises (SMEs). The signing ceremony, held virtually on August 21, 2025, brought together leaders from both organizations. As part of this…
A new manufacturing facility in Houston, Texas, has officially begun production of thermal management systems, including HVAC and chiller equipment, dedicated to grid-scale battery energy storage solutions. The facility marks a significant step in advancing U.S.-based supply chain resilience for the fast-growing energy storage sector. By producing critical components domestically, the initiative reduces exposure to…
Available at: https://tradecouncil.org/beyond-borders-women-shaping-global-trade/ Singapore / New Delhi – August 2025 – The International Trade Council (ITC), in partnership with the Association of Business Women in Commerce & Industry (ABWCI), proudly announces the release of Beyond Borders: Women Shaping the Past, Present, and Future of Global Trade. This landmark publication is available for free download worldwide. Purpose of the BookBeyond Borders seeks…
After a six-year hiatus, an Indian automaker has re-entered South Africa’s passenger vehicle market, unveiling multiple new models including SUVs and a compact hatchback aimed at budget-conscious consumers. The move comes amid growing demand for affordable vehicles in South Africa, a trend that continues to reshape the global automotive supply chain. The surge of competitively…
India’s express logistics sector is on track to double its market size by FY30, projected to reach USD 18–22 billion. This growth will be fueled by manufacturing expansion, e-commerce demand, and digitalization, positioning the sector as a critical driver of supply chain efficiency. The industry is expected to grow at a 12–15 percent CAGR from…
The logistics industry continues to accelerate its transition toward cleaner and more efficient operations by strengthening commitments to renewable energy use. A key milestone has been reached with the expansion of I-REC (International Renewable Energy Certificate) certification, ensuring a higher share of electricity consumption comes directly from renewable sources by 2025. The I-REC standard plays…
The adoption of sustainable transport solutions in Indonesia is gaining momentum with the official introduction of three new commercial electric vehicle models. This milestone highlights the country’s growing focus on clean energy and its role in modernizing the logistics and industrial supply chain. The launch showcased vehicles designed to address different logistics needs, from long-haul…
Singapore / New Delhi / London / Vilnius/Ottawa/Tallinn — August 20, 2024 — The International Trade Council (ITC), the International Centre for Trade Transparency (ICTTM), and the Association of Business Women in Commerce & Industry (ABWCI) have signed a Memorandum of Understanding (MOU) during a virtual ceremony hosted by ABWCI. The partnership sets out a framework to empower women-owned SMEs worldwide through research,…
Two logistics fellows recently had the opportunity to observe large-scale port operations, providing them with a deeper understanding of how cargo and equipment are moved efficiently across global supply chains. The visit offered a ground-level perspective on the coordination required among various players in logistics—from operational planners to ground crews and vessel staff—ensuring that shipments…