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This year’s COP27 matters more than ever, says ICC

27 October 2022 Ahead of next month’s 27th United Nations Climate Change conference in Sharm El Sheikh, Egypt, the International Chamber of Commerce (ICC) has published an open letter underscoring the importance of a successful COP27 for business. With the future of international climate collaboration at stake, ICC Secretary General John W.H. Denton AO has sent open letter to Environment Ministers and Heads of Delegations. In the letter, Mr Denton writes: Dear Ministers, I am writing on behalf of the global business community—and in our

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Credit risk in trade, supply chain and export finance back to pre-pandemic levels, ICC confirms

19 October 2022 The International Chamber of Commerce (ICC), along with their partners Global Credit Data (GCD) and Boston Consulting Group (BCG), has released its 2022 Trade Register report, confirming that credit risk in trade, supply chain and export finance have fallen back to pre-pandemic levels.  Following the impact of the COVID-19 pandemic in 2020 on trade volumes, 2021 reaffirmed the resilience of global trade with a strong and better than expected return to growth, with total trade flows reaching nearly 20% above pre-pandemic levels.

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ICC launches ICC Case Connect: Secure online case management made easy

12 October 2022 The International Chamber of Commerce (ICC) has launched ICC Case Connect – a pioneering digital case management platform to connect parties, arbitral tribunals and the ICC Secretariat. From October 2022, users of ICC Arbitration are encouraged to file their requests for arbitration via ICC Case Connect and benefit from a secure, shared space for each new case. ICC Case Connect enables more streamlined communication and file-sharing among parties, arbitral tribunal, and ICC case management teams.  The new digital platform efficiently stores all

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No room for complacency, says IMB, as global piracy incidents hit lowest levels in decades

12 October 2022 The ICC International Maritime Bureau (IMB) is calling for regional and international players to sustain their efforts, particularly in the Gulf of Guinea, as global piracy and armed robbery incidents reach their lowest levels since 1992.  ICC IMB’s latest global piracy report details 90 incidents of piracy and armed robbery against ships in the first nine months of 2022, the lowest recorded figure in three decades.  Perpetrators were successful in gaining access to the vessels in 95% of the reported incidents which

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ICC launches call for businesses to pilot new sustainability framework for trade transactions in textiles sector

6 October 2022 A month ahead of the start of this year’s United Nations climate summit (“COP27”), the International Chamber of Commerce has launched a call to banks, corporates and technology companies to participate in piloting a ground-breaking framework to grade the sustainability profile of individual trade transactions. Following an extensive global consultation exercise earlier this year on the initial recommendations set out in ICC’s white paper on “Standards for Sustainable Trade and Sustainable Trade Finance”, the organisation – in partnership with Boston Consulting Group

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Business leaders and policymakers gather for a more sustainable world tax order

26 July 2022 The International Tax Conference jointly hosted by the International Chamber of Commerce (ICC), Business@OECD and BusinessEurope last week highlighted how a consistent global tax system is essential for business and will foster cross-border trade and investment. Under the theme “Towards a Sustainable World Tax Order?”, the International Tax Conference, held last week in Munich, Germany (21-22 July), gathered business leaders and policymakers from around the world over two days to address key, current and emerging topics in international tax policy. The sessions underscored

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