The US Department of Energy (DOE) has recently allocated $750 million to support 52 projects across 24 states, aimed at advancing clean hydrogen technology and enhancing its availability in the market. This funding initiative, part of President Biden’s $1 trillion Bipartisan Infrastructure Law, underscores the government’s commitment to promoting sustainable energy solutions. These projects cover…
DetailsA recent high-level trade mission led by US Commerce Secretary Gina Raimondo has concluded with promising commitments to bolster bilateral trade and investment between the Philippines and the United States. This initiative, stemming from a commitment made by President Joe Biden to President Ferdinand Marcos, Jr., signifies a significant step towards enhancing economic cooperation between…
DetailsAmidst the challenges posed by the Red Sea crisis, members of the International Road Transport Union (IRU) Commission on Customs Affairs (CAD) have convened to discuss strategies aimed at enhancing trade and transit efficiency. At the forefront of these discussions is the growing interest in a secure transit system, which has emerged as a vital…
DetailsA group of Dutch experts is eyeing the transformation of India’s fresh produce supply chains, aiming to assist retailers in tapping into the burgeoning consumer demand both domestically and internationally. This initiative comes from the public-private collaboration known as HortiRoad2India. As the fruit and vegetable industry leaders convene in Mumbai for the annual networking event,…
DetailsIn a bid to fortify global supply chains for critical minerals, the United States is intensifying its engagement with Central Asian countries. Recently, the U.S. Department of State orchestrated the inaugural meeting of the Critical Minerals Dialogue (CMD) in the C5+1 format, marking a significant stride towards fostering collaboration in this crucial sector. Led by…
DetailsA significant investment has been announced to bolster logistics infrastructure in the bustling Busan New Port, South Korea. An estimated $50 million will be injected into the development of a cutting-edge logistics center, set to enhance supply chain capabilities and streamline operations for local and regional businesses. Scheduled to kick off construction by the end…
DetailsIn a significant move towards bolstering supply chain resilience and competitiveness, key stakeholders from the United States and the Alliance for Development in Democracy (ADD) countries convened in Punta Cana, the Dominican Republic, on March 12. Under Secretary of State for Economic Growth, Energy, and the Environment, Jose W. Fernandez, joined forces with His Excellency…
DetailsLondon, United Kingdom – March 13, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is pleased to announce a new Memorandum of Understanding (MOU) with the West London Chambers of Commerce. This partnership is set to revolutionize the way local businesses engage with global trade by providing them with unprecedented access to…
DetailsIn a significant development, U.S. firms are expressing strong interest in Thailand as a key destination for diversifying their supply chains and ramping up investments. Speaking at an event in Bangkok, U.S. Commerce Secretary Gina Raimondo highlighted Thailand’s appeal to multinational corporations, particularly in sectors like electric vehicles, semiconductors, and digital industries. Raimondo emphasized the…
DetailsA significant development has emerged in the UK freight industry with the appointment of Sam Warren as the inaugural chair of the Sustainable Logistics Policy Group by the British International Freight Association (BIFA). Warren, currently serving as a sustainability manager at a leading Essex-based freight forwarder, brings a wealth of experience and expertise to his…
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