World business priorities for the WTO agenda: MC11 and beyond

Representatives of the global business community were honored to participate in the first Business Forum to be held alongside a World Trade Organization (WTO) Ministerial Conference on 12th December 2017 in Buenos Aires, Argentina.

We commend the Government of Argentina for hosting this inaugural Forum to identify opportunities to strengthen global trade and investment in support of inclusive growth
and development.

This statement is issued at the conclusion of the Forum and following prior consultations with businesses and private-sector associations from across the world. On the basis of these discussions, we wish to convey the following recommendations to Members of the WTO attending its 11th Ministerial Conference (MC11) as regards the future direction of the world trade agenda.

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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