Trade and Investment Policy
As trade and investment are consistently top priorities for global business, the Commission on Trade and Investment Policy represents ICC's main working body on multilateral trade and investment policy issues.
|ICC conference in Atlantic City, 1919 |
During 1919, in the wake of World War I, ICC was created by a group of business leaders, known as the merchants of peace, to promote the conviction that trade is a powerful force for peace and prosperity throughout the world.
History the Commission
The Commission’s constructive role in representing business views is built upon ICC’s long history of authoritative involvement in international trade and investment policy.
ICC was present at Bretton Woods and has enjoyed top-level consultative status at the UN and its specialized agencies since 1946. ICC’s established reputation coupled with its global reach uniquely positions the organization to convey the views of global business on international trade and investment policy.
The mandate of the Commission is to break down barriers to international trade and investment so that all countries can benefit from improved living standards through increased trade and investment flows. Members of this Commission examine major trade and investment issues of interest to world business.
The multilateral trading system is the guarantor of the consistency and predictability that are essential for companies to trade and invest across borders, as well as an insurance policy against protectionism.
The Commission has followed the Doha Development Agenda negotiations closely since the launch of the Round in 2001 and has developed detailed policy recommendations to WTO members on the main issues under negotiation.
Cross-border investment is a vital driver of global economic growth and conveys benefits to businesses and home governments that frequently may be overlooked. Domestically, foreign direct investment links local companies to global value chains, underwrites trade and export opportunities, and facilitates the inflow of capital, technology, and skills.
The Commission tracks and provides input in international investment policy developments, with a particular focus on the work of the United Nations Conference on Trade and Development (UNCTAD).