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ICC and WCO call for customs and trade facilitation action

27 April 2020 ICC and the World Customs Organization (WCO) have issued a joint statement calling for increased action on customs and trade facilitation to ensure an effective response to the COVID-19 pandemic. In a joint statement, issued today, ICC Secretary General John W.H. Denton AO and WCO Secretary General Kunio Mikuriya say effective trade facilitation – based on international standards – will play a central role in enabling business continuity and renewed economic growth. The statement calls for a coordinated customs response to the

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How intellectual property can strengthen our response to climate change and COVID-19

24 April 2020 The International Chamber of Commerce (ICC) commemorates World Intellectual Property (IP) Day, by recognising the role that IP plays in encouraging innovation and creativity. Taking place every 26 April, World IP raises awareness on how copyrights, patent systems, trademarks, and designs contribute to economic growth and innovation. This year, World IP Day will explore how a balanced and robust IP system can contribute to a green economy and encourage climate-friendly innovation to shape a net zero future. To mark the occasion, ICC

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How banks are going digital to manage COVID-19

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

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ICC calls for upholding competition landscape in face of COVID-19

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,

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Corporate Startup Stars Awards go global

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

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ICC welcomes G20 suspension of debt service payments

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

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