ICC Document & publication

Remarks by Clarence Kwan, National Managing Partner, Chinese Services Group Deloitte & Touche LLP on behalf of the International Chamber of Commerce

Comments on Open Markets, Trade Opportunities and Poverty Alleviation by Clarence Kwan, National Managing Partner, Chinese Services Group Deloitte & Touche LLP (and Chair, USCIB China Committee). November 2005 Global Compact Summit Shanghai, China

ICC was founded – just after the First World War – on the basic idea of “world peace through world trade.” We believe that increasing international trade and cross-border investment will reduce political conflict. ICC has continued to operate in accordance with this concept.

In recent years, ICC has stressed that trade liberalization is a keystone of successful development. Trade liberalization, especially in terms of providing market access to developing countries, will enable developing countries to earn the foreign exchange and income needed to effect poverty alleviation.

ICC will continue it efforts in urging the governments to develop the necessary political will to arrive at an appropriate compromise.