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ICC issues open letter to G20 ministers responsible for the digital economy

22 July 2020 Ahead of today’s meeting of G20 Digital Economy Ministers, the International Chamber of Commerce (ICC) is calling upon G20 leaders to implement policies that will enable the deployment of digital technologies to tackle the consequences of COVID-19. In an open letter to G20 ministers responsible for the digital economy, ICC proposes a set of policy interventions aimed at accelerating and strengthening the world’s collective response to the COVID-19 pandemic.The letter, signed by ICC Secretary General John W.H. Denton AO, outlines immediate and long- policy

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ICC and UNICEF call for greater public-private sector collaboration in response to COVID-19

21 July 2020 The International Chamber of Commerce (ICC) and UNICEF have today issued a call for enhanced cooperation between the public and private sectors to strengthen the response to COVID-19 and enable a resilient and sustainable rebuild from the pandemic. Entitled “Reimagining the World We Need,” the joint statement leverages the organizations’ respective expertise in the fields of business and children’s rights to set out a common vision to address the economic, health, and societal consequences of COVID-19. To this end, ICC and UNICEF

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ICC Global Survey on Trade Finance confirms industry optimism

21 July 2020 The International Chamber of Commerce’s (ICC) 11th annual Global Survey on Trade Finance reveals that banks are optimistic about the evolving nature of trade finance, though unsurprisingly expect various industry-wide challenges and disruption as a result of the COVID-19 pandemic. The 2020 ICC Global Survey report – recognised as the world’s most authoritative review of the trade finance industry – has been released based on exclusive information from nearly 350 respondents in more than 80 countries, bolstered by nuanced contributions from an

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ICC releases 2019 Dispute Resolution statistics

15 July 2020 The International Court of Arbitration (ICC Court) of the International Chamber of Commerce (ICC) has published its full dispute resolution statistical report for 2019, having announced preliminary record figures in January. The ICC Court registered a record 869 new cases in 2019. Of that total, 851 were administered under the ICC Rules of Arbitration and involved parties originating from 147 countries and independent territories, as well as arbitrators from a record 89 jurisdictions. In 18 cases, ICC was acting as appointing authority. Another ICC record included

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Crew kidnappings surge in seas off West Africa, IMB reports

15 July 2020 Violent attacks against ships and their crews have risen in 2020, with 77 seafarers taken hostage or kidnapped for ransom since January, reveals the ICC International Maritime Bureau’s (IMB) latest piracy report. The Gulf of Guinea off West Africa is increasingly dangerous for commercial shipping, accounting for just over 90% of maritime kidnappings worldwide. Meanwhile ship hijackings are at their lowest since 1993. In total, IMB’s Piracy Reporting Centre (PRC) recorded 98 incidents of piracy and armed robbery in the first half

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Global business, workers and civil society call for comprehensive emergency debt relief to enable all countries in need to combat the COVID-19 pandemic

13 July 2020 ICC, ITUC and Global Citizen call for greater action by G20 Governments on sovereign debt relief. 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 G20 Finance Ministers to build on previous efforts to deliver a

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