ICC News

23 April 2020 ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing in the face of COVID-19. Trade and trade finance operations require significant back-office operations to process paper-based transactions. With shipping, in-person contact and travel all increasingly disrupted as a consequence of the COVID-19 pandemic, financial institutions have been putting in place measures to enable transactions and the continuity of trade. Collating data from ICC, the International Trade and Forfaiting Association (ITFA) and the Bankers Association for Finance and Trade (BAFT), ICC’s Digitalisation Working Group has published a practical

22 April 2020 ICC has issued a set of competition policy and enforcement measures aimed at contributing to an effective COVID-19 response. The paper was developed by the ICC Commission on Competition in line with ICC commitments to help chart an effective international response to the COVID-19 pandemic. Commending bold steps already taken by governments to put in place short-term measures to buffer shocks to the health system, the economy and financial markets, the paper underscores the importance of upholding competition rules during the crisis, to avoid exploitation and anti-competitive business conduct. The framework paper comprises policy measures already adopted or

16 April 2020 ICC and Mind the Bridge are organising the first global edition of the Corporate Startup Stars Awards, now in their 5th year. Applications now open ICC and the international advisory firm Mind the Bridge have announced a partnership to scale the prestigious Awards for Open Innovation – now in their  5th year – at global level. Taking place under the European Commission’s Startup Europe Partnership initiative since 2016, the Awards aim at recognising the most active corporates in open innovation. The 2020 edition will celebrate the collaborations between corporates and startups across all regions of the world, and enable established

15 April 2020 ICC – the institutional representative of 45 million member companies – has welcomed a pledge from G20 Finance Ministers to suspend debt service payments for the poorest countries that request forbearance. In a communiqué issued earlier today, the world’s 20 largest economies agreed on a coordinated approach to provide immediate debt relief in the context of the COVID-19 crisis – with all bilateral official creditors participating in the initiative. Commenting on the announcement, ICC Secretary General John W.H. Denton AO said: “We commend G20 Finance Ministers for this robust display of coordination. This is a very welcome first step to

10 April 2020 ICC, ITUC and Global Citizen call for World Bank and IMF Spring Meetings to take debt out of the COVID-19 equation. In an open letter issued today, the International Chamber of Commerce (ICC), the institutional representative of over 45 million businesses, the International Trade Union Confederation (ITUC), the global voice of the world’s working people, and Global Citizen, a movement of engaged citizens who use their collective voice to end extreme poverty by 2030, have urged Finance Ministers to use next week’s Spring Meetings of the World Bank Group and International Monetary Fund to ensure sovereign debt does

9 prill 2020 ICC dhe OBSH prezantojnë anketën botërore për biznesin, për të përmirësuar rrjedhën e informacionit mbi COVID-19. Dhoma Ndërkombëtare e Tregtisë (ICC) dhe Organizata Botërore e Shëndetësisë (OBSH) prezantojnë një anketim në të gjithë botën për të raportuar mbi sfidat me të cilat po përballet sektori privat nga COVID-19. Si përgjigje ndaj COVID-19, ICC dhe OBSH po anketojnë sektorin privat për të mbledhur më shumë informacion mbi përgjigjet e bizneseve në rang botërore dhe për të gjetur zgjidhje, të cilat do të adresojnë përhapjen e pandemisë. Anketa e ICC-OBSH do të përmirësojë rrjedhën e informacionit midis sektorëve të ndryshëm

9 April 2020 The ICC International Court of Arbitration has released a Guidance Note outlining a range of measures to help mitigate the effects of the COVID-19 pandemic on arbitral proceedings. The Guidance Note provides support to parties, counsel and arbitral tribunals in ICC Arbitrations on the challenges currently faced in ensuring fair, timely and efficient resolution of disputes. It was prepared by a working group comprising Vice-President of the ICC Court Marnix Leijten (Working Group Chair), ICC Court President Alexis Mourre and other Vice-Presidents, members of the ICC Governing Body for Dispute Resolution Services and the Secretariat of the ICC

28 March 2020 In an open letter issued today, John W.H. Denton AO, Secretary General of the International Chamber of Commerce (ICC), has urged G20 trade ministers to seize the opportunity to fully utilise trade policy tools to combat the COVID-19 pandemic and limit its economic effects. In the open letter, Mr Denton wrote: “While we understand why many countries have limited their exports of medical necessities, this is not an effective response to the fundamental problem – a supply shortfall, which can only be addressed by increasing production. Export curbs do the exact opposite – they remove incentives for companies

24 March 2020 Ahead of a virtual G20 Summit this week, ICC Secretary General John W.H. Denton AO is calling on G20 leaders for ramped up international coordination in the face of the COVID-19 pandemic. In a letter published in today’s edition of the Financial Times, Mr Denton calls on G20 heads of state and government to put past squabbles aside and agree on a comprehensive action plan to stem the spread of the COVID-19 pandemic. Writing on behalf of over 45 million companies in more than 100 countries in his role as ICC Secretary General, Mr Denton calls for commitments to ensure

23 March 2020 ICC, B20 and the World Health Organization are calling for a coordinated global response to COVID-19. In a collective call to action ahead of this week’s virtual G20 Summit, the International Chamber of Commerce (ICC), the Business Twenty (B20) and the World Health Organization (WHO), have set out proposed measures to enable a coordinated global response to effectively contain the potential human and economic toll of the COVID-19 pandemic. In an open letter to G20 heads of state and government, issued today, the three organisations underscore the vital role of the G20 in stemming the growing human and economic