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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.

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Trade rules slowing transition to circular economy, says ICC report

14 December 2021 A major independent report published today by ICC spotlights the need for a significant overhaul of global trade rules if governments are to meet their stated aim of accelerating the adoption of circular business models. A major independent report published today by ICC spotlights the need for a significant overhaul of global trade rules if governments are to meet their stated aim of accelerating the adoption of circular business models. The study – The Circular Economy and International Trade: Options for the World

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ICC issues new guidance on environmental claims in marketing and advertising

6 December 2021 ICC has published updated guidance for responsible environmental marketing communications to help marketers and advertisers make truthful and useful environmental claims. As consumers become more interested in the environmental footprint of the products they buy, the updated ICC Framework for Responsible Environmental Marketing Communications (the “ICC Framework”) helps marketers evaluate environmental communications to maintain consumer confidence in these claims. The ICC Framework helps marketers craft environmental messages that adhere to the basic global principles of truthful, honest and socially responsible communications. The

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World Chambers Competition names 2021 chamber champions

25 November 2021 ICC crowned four chamber champions as winners of the 2021 World Chambers Competition, the only awards ceremony of its kind to recognise innovative projects undertaken by chambers from around the world. Held in conjunction with the 12th World Chambers Congress, the World Chambers Competition has served as a platform to inspire the creation of pioneering and beneficial chamber solutions for business communities worldwide since its inception in 2003. Lima Chamber of Commerce (Peru), Luxembourg Chamber of Commerce (Luxembourg), the East Lancashire Chamber

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Global business unites in call to keep the Internet free of tariffs

23 November 2021 ICC has today joined a global coalition of industry associations in urging members of the World Trade Organization to keep the Internet free of tariffs ahead of the 12th WTO Ministerial Conference (MC12). Supported by 73 industry associations active across six continents, the Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions urges WTO Members to renew the Moratorium until the 13th Ministerial Conference. The statement reads: “Allowing the Moratorium to expire would be a historic setback for the WTO, representing

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New roadmap published to reconceive global trade finance for a more sustainable and inclusive global economy

18 November 2021 ICC, in collaboration with Fung Business Intelligence and supported by McKinsey & Company, has today launched a report outlining a new vision for the global trade finance ecosystem. The report is based on a year-long effort by the ICC Advisory Group on Trade Finance to raise awareness and address the challenges facing micro-, small- and medium-sized enterprises (MSME), particularly in the emerging markets, in accessing the trade finance needed to support their growth and the global recovery. According to the Asian Development

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