Speaking on behalf of 45 million companies, employing over 1 billion workers, the International Chamber of Commerce has issued the following statement in response to a recently leaked draft US Fair and Reciprocal Tariff Act that would permit unilateral tariff hikes and abandon core principles of World Trade Organization (WTO) rules.
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In a letter published in the Financial Times, ICC Secretary General John W.H. Denton AO has called on the leaders of G20 countries to chart a new roadmap for reforming the World Trade Organization (WTO) that supports sustainable and inclusive growth.
Common-sense reforms that make trading easier and faster can have a greater impact than removing every tariff in the world. Global business representatives at an ICC summit in Buenos Aires ahead of the G20 meeting agreed on the importance of furthering trade facilitation.
Following the conclusion of the G20 Hamburg Summit, the Chairman of the International Chamber of Commerce (ICC) has issued the following statement.
Following the release of the G20 Hamburg Summit communiqué, the International Chamber of Commerce (ICC) has issued the following statement.
Despite repeated pledges to enable trade as a driver of growth and job creation, G20 economies are failing to demonstrate global leadership on trade openness according to the International Chamber of Commerce (ICC) Open Markets Index 2017 (OMI) published today.
Ahead of the 2017 G20 Leaders Summit in Hamburg, the International Chamber of Commerce (ICC) issued the following statement.
ICC Chairman Sunil Bharti Mittal, First Vice-Chairman John Denton and Secretary General John Danilovich have joined 58 CEOs and Presidents of Business Associations to call upon the G20 to take decisive actions in shaping globalization.
The G20 Summit gets underway on Friday in Hamburg, Germany bringing together leaders of the world's largest economies. Expectations for the group to endorse an ambitious climate and energy action plan are high but in this guest blog for ICC, Kurt Bock, Chairman of the Board of Executive Directors and CEO of BASF, and Chairman of the Business-20 (B20) Taskforce on Energy, Climate & Resource Efficiency says successful climate protection will only be possible through collective, global action.
At the B20 Summit in Berlin, Germany this week, global business presented recommendations to the G20, urging governments towards greater international cooperation.