2019 ICC recommendations on WTO reform

The ICC recommendations ‘Reforming the Multilateral Rules-Based Trading System: The outcomes we want for people and planet,’ provide an outcomes-based approach to reforming international trade with the overriding objective of making trade work for people and planet. Despite current global trade tensions, ICC’s recommendations affirm the importance of multilateral trade and the WTO system. While the pillars of today’s multilateral trade system have reached their limits, ICC believes that a comprehensive reform process will enhance the functioning of the WTO and trade for all.

The International Chamber of Commerce has launched Incoterms® 2020, an update of the renowned regulations that define the responsibilities of buyers and sellers operating in the international trade system.

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