Global trade

ICC – the institutional representative of over 45 million businesses – has issued a statement following the conclusion of the annual G20 leaders’ summit.

ICC has welcomed the opportunity for further business engagement to address taxation challenges relating to the digitalisation of the economy but calls for increased collaboration to achieve global consensus agreement. The call follows the Organisation for Economic Co-operation and Development’s (OECD)’s update on international tax negotiations this week.

ICC Secretary General John W.H. Denton AO has outline three priorities for reviving the global economy as quickly and as safely as possible in the COVID-19 era.

ICC has announced the operational launch of a major initiative to ensure the benefits of digital trade can be realised by everyone, everywhere.

ICC and the Business-20 (B20) convened a virtual trade dialogue with business leaders, facilitated by the WTO, to discuss the role of trade in addressing the current economic crisis arising from the COVID-19 pandemic.

ICC has warned that proactive government interventions will be needed to ensure the market can power an economic rebound in the wake of the COVID-19 crisis.

ICC has issued 10 recommendations for how governments can use trade to help micro-, small- and medium-sized businesses (MSMEs) weather the COVID-19 storm.

ICC Trade Register reflects on the impact of COVID-19 on global trade, while affirming trade finance’s decade-long low-risk profile.

ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing in the face of COVID-19.

ICC and WTO have issued a joint statement underscoring the crucial role trade and trade rules have to play in both the health and economic response to the COVID-19 crisis.