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How certificates of origin stimulate global trade
28 January 2022 This week, we’re taking a look at how certificates of origin are used to support the movement of goods across borders with a success story in the Asia-Pacific. As the global trade environment becomes more complicated and new rules and regulations emerge, the role of customs is becoming critical. By verifying compliance with origin-related requirements, customs authorities can protect against the diversion or transhipments of shipments that may pose risks or impede free trade agreements due to tariffs or other duties. On 1 January,
ICC unveils preliminary dispute resolution figures for 2021
26 January 2022 Preliminary 2021 statistics released today by ICC Dispute Resolution Services reveal a great demand for ICC Arbitration and ADR as well as a steep rise of amounts in dispute in new cases. In 2021, the Secretariat of the ICC International Court of Arbitration registered 853 new cases in total, comprising 840 cases filed under the ICC Arbitration Rules and 13 under the Rules of ICC as Appointing Authority. The number is comparable but lower than the record number of filings reported in 2020. In addition,
Business applauds G7 Digital Trade Principles on free flow of data with trust
11 January 2022 In this guest post, Carolyn Nguyen, Jakob Greiner and Makoto Yokozawa underscore how establishing trust and minimising disruptions in data flows are fundamental to reaping the benefits of digitalisation. “To harness the opportunities of the digital economy and support the trade of goods and services, data should be able to flow freely across borders with trust, including the trust of individuals and businesses,” opens the Data free flow with trust chapter of the Digital Trade Principles agreed by the G7 countries at the G7 Trade
Business calls for immediate and definite action on cybersecurity
6 January 2022 In this guest blog, Rene Summer, Lead of the ICC Global Digital Economy Commission Working Group on Cybersecurity underscores the private sector call on governments to make cybersecurity everyone’s business saying there is no time to wait. On 17 December, the United Nations Open-Ended Working Group on security of and in the use of Information anc communication technologies (ICTs) wrapped up the first substantive meeting of its five-year mandate to further develop the rules, norms and principles of responsible behaviour of states
ICC Dispute Resolution in 2021: Our year in review
20 December 2021 We’re wrapping up another ground-breaking year in dispute resolution with a look back at our key achievements – from being named the world’s preferred arbitral institution to taking new diversity and inclusion initiatives. 1. Receiving record Arbitration and ADR case filings In January, ICC announced record case filings for its arbitration and ADR services, recording a total of 946 new arbitration cases in 2020. Revised ICC Rules of Arbitration entered into force on 1 January 2021, along with updates to the ICC
ICC forms Legal Reform Advisory Board to support digital standards initiative
15 December 2021 ICC has today announced the formation of a new Legal Reform Advisory Board (LRAB) to support the legal harmonisation efforts of the ICC Digital Standards Initiative. As part of our drive to promote inclusion and create opportunity for all parties involved in the international supply chain, the International Chamber of Commerce (ICC) launched the Digital Standards Initiative (DSI) in 2020 in partnership with the Asian Development Bank (ADB) and the Government of Singapore, with the vision to establish a globally harmonized, digitalised trade environment.