The agreement, on issues including the regulation of financial markets and representation of business at the G20, aims to help the two organizations avoid duplicate undertakings and nonessential allocation of resources to realize mutually-beneficial objectives.
“With our shared goal to promote international trade as a driving force for economic growth and prosperity, we are certain that the working agreement will bring benefits not only for our two organizations but for our respective members,” said Mr Worms.
Alessandro Barberis, President of EUROCHAMBRES said: “This cooperation agreement is essential for a system of European businesses operating in a global context.”
Mr Barberis and Rona Yircali, Chair of the ICC World Chambers Federation, also signed a working agreement to ensure a single global accreditation and certification system for chambers of commerce to issue Certificates of Origin.
A Certificate of Origin is a document attesting that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country. Under the terms of the agreement EUROCHAMBRES and WCF will cooperate to establish a global quality label.
“This agreement is a welcome milestone in our organization’s quest to support the role of chambers in trade facilitation,” Mr Yircali said.
As well as promoting the international best practices of Certificate of Origin issuance by chambers of commerce, the agreement aims to upgrade cooperation between WCF and EUROCHAMBRES, in turn further improving the quality of services they provide.
The official signing of agreements took place at ICC headquarters in Paris.
Read more on Certificates of Origin.
Read more on ICC G20 Advisory Group.