Meeting at ICC headquarters in Paris just days after the World Trade Organization (WTO) approved agreements – including a deal on trade facilitation – in Bali, ICC Executive Board members applauded the ICC global network for the influential role it had played in pressing governments to reach agreement and bring multilateral trade negotiations back to centre stage.
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Trade experts from Chambers of Commerce in more than 30 countries have met at the ICC Hearing Centre in Paris for the latest in a series of dialogues on recent developments in Certificates of Origin (CO), including electronic certificates of origin (eCOs), the issuance of preferential certificates of origin (PCOs), and Self-Certification.
The International Chamber of Commerce (ICC) has hailed today’s historic agreement at the 9th World Trade Organization (WTO) Ministerial Conference in Bali as a result that will not only restore confidence in the multilateral trading system but also generate a much needed stimulus of $US1 trillion and 21 million jobs to the world economy.
The Bali Business Forum took place today on the sidelines of the World Trade Organization’s (WTO) 9th Ministerial Meeting taking place this week in Denpasar.
Business leaders from over 30 countries have today issued a statement calling on governments to conclude a new multilateral deal to cut customs bureaucracy at this week’s World Trade Organization Ministerial Conference in Bali.
Speaking to a high-level meeting between business and ministers at the World Trade Organization (WTO) Ministerial in Bali this morning, Victor K. Fung, Chairman of the ICC World Trade Agenda initiative, urged business to continue pressing their governments to conclude an agreement on trade facilitation in the next three days.
Following World Trade Organization (WTO) Director-General Roberto Azevedo’s signal yesterday that the formal WTO negotiating process had reached a conclusion for the time being, the International Chamber of Commerce (ICC) is calling on WTO members to spare no effort and to demonstrate the political will needed to achieve a trade facilitation agreement in time for the Bali Ministerial Conference next week.
A prime opportunity to further liberalize multilateral trade presents itself next month when ministers from 159 countries converge at the 9th Ministerial Conference of the World Trade Organization (WTO) in Bali.
Speaking at the World Trade Organization Annual Aid-for-Trade Review yesterday, ICC Banking Commission Senior Policy Manager Thierry Senechal said that trade finance intermediation is crucial today as it provides real-time risk mitigation, while improving liquidity and cash flow of the trading parties.
ICC and the Peterson Institute – in partnership with the United States Council for International Business and the Center for Strategic and International Studies – unveiled in the US a report showing that salvaging global trade deals would drive exports, generating 21 million jobs.