|
|
 |
|
|
|
|
| |
| ICC is pleased to announce the publication of the 2007 Revision of Uniform Customs and Practice for Documentary Credits, UCP 600. |
|
Revised ICC rules on documentary credits make progress
ICC’s Banking Commission yesterday wrapped up two days of intense discussions on proposed revisions to ICC’s universally used rules on documentary credits. This was the first time a full draft of the revised rules had been presented to the Commission. |
|
Business toughens anti-bribery rules
The International Chamber of Commerce today issued a tougher version of its Rules of Conduct to Combat Extortion and Bribery, including a stronger rejection of facilitation payments and a requirement that companies establish confidential channels for staff members to seek advice and report violations without fear of retaliation. |
|
ICC calls for investment in ports as bottlenecks build up
ICC is concerned about the inadequacy of infrastructure serving many ports worldwide, threatening the smooth flow of global trade. It calls on the freight industry and public authorities to act now to expand freight transport infrastructure, reducing congestion on roads and railways to ports and eliminating bottlenecks. In many ports, freight containers are piling high as a result of bottlenecks. |
|
ICC to wrap up new documentary credit rules this year
The ICC Banking Commission is working toward final approval of a revision to UCP 500, ICC's universally used rules on documentary credits. Three years in preparation, the revision, which may be completed as early as October, will contain major changes to rules which govern billions of dollars in letter of credit transactions each year. |
|
World business community delivers appeal to G8 leaders
In a statement issued to all G8 leaders, businesses from around the world asked them to use their upcoming meeting in Scotland on 6-8 July to address four key issues: drawing developing countries into the global economy, particularly Africa; bringing the Doha trade negotiations to a successful close; addressing climate change more effectively; and protecting intellectual property and innovation. |
|
Business endorses UN convention on electronic contracting
The International Chamber of Commerce supports the recently-concluded United Nations Convention on the Use of Electronic Communications in International Contracts as a useful reform to spur development of cross-border online commerce in the developed and developing world. |
|
Banking Commission approves document on international standard banking practice
By a unanimous vote of 71-0, the ICC Commission on Banking Technique and Practice approved an updated version of its widely acclaimed publication, International Standard Banking Practice for the Examination of Documents under Documentary Credits (ISBP). The voting took place at the commission’s meeting in Singapore yesterday. |
|
Economists see upturn in global economy
The global economy is set to expand in the second half of the year in all major regions, as expectations for the current quarter and the next six months are revised upwards, according to the latest ICC and Ifo World Economic Survey released today. |
|
Survey shows clear recovery trend for world economy
The world economic climate continued its recovery course with stronger momentum than last year and expectations for the next six months are high, according to the results of the latest International Chamber of Commerce/Ifo World Economic Survey, released today. |
|
Liber Amicorum in honour of Robert Briner
Friends and colleagues gathered at the Pavillon Gabriel here today to honour Dr Robert Briner, who is shortly to step down as Chairman of the ICC International Court of Arbitration. |
|
DCInsight focuses on UCP 500 revision
DCInsight, ICC's authoritative quarterly newsletter on documentary credits, has become even more indispensable as the revision of UCP 500 moves into its final stages. |
|
ICC urges action to defeat corruption
ICC is concerned that very few countries have ratified the United Nations Convention Against Corruption, signed back in December 2003. It urges all countries that signed the convention in Merida, Mexico, more than 18 months ago to ratify the convention and start implementing it into national law. |
|
How business is making the world better
One interesting thing about corporate social responsibility is just how long we in business have been talking about it. Certainly a decade, perhaps longer. |
|
Business opposes airline ticket tax
The International Chamber of Commerce today condemned proposals for a tax on airline tickets to raise funds for development aid and said there are better ways for business and government to help lift people out of poverty. |
|
| | |
.jpg)
