22 May 2020 ICC has today announced its support for a multistakeholder initiative calling on policymakers, regulators and remittance services providers to improve migrants’ access to remittance services and reduce transfer costs during the ongoing novel coronavirus (COVID-19) pandemic. Led by the Governments of Switzerland and the United Kingdom, the call to action, Remittances in Crisis – How to Keep Them Flowing, is supported by the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP), as well as the World Bank, the

20 May 2020 ICC has warned that proactive government interventions will be needed to ensure the market can power an economic rebound in the wake of the COVID-19 crisis. ICC estimates a possible US$ 5 trillion of trade credit will be needed to enable a rapid recovery from the COVID-19 crisis Business body warns that trade financing gaps risk hampering a global recovery – impacting the survival chances of small businesses Despite early scaling of support measures in response to COVID-19, further public backing for trade credit

12 May 2020 ICC – the institutional representative of over 45 million businesses – has called for action to tailor financial support measures to the needs of micro-, small- and medium-sized enterprises (MSMEs) in the context of the COVID-19 pandemic. In an open letter to finance ministers published today, ICC Secretary General John W.H. Denton AO said that without adequate and immediate fiscal interventions a significant proportion of MSMEs may be unable to weather the COVID-19 crisis – with potential systemic implications for employment and

7 May 2020 ICC has issued 10 recommendations for how governments can use trade to help micro-, small- and medium-sized businesses (MSMEs) weather the COVID-19 storm. Underscoring the vital role can trade play in helping small business stay afloat and driving a rapid economic recovery, the 10 ways for governments to use trade to Save our SMEs statement calls on governments to take urgent action to Save Our SMEs. It comprises recommendations for an immediate response to limit the damage caused by the COVID-19 pandemic and short- to

6 May 2020 ICC Trade Register reflects on the impact of COVID-19 on global trade, while affirming trade finance’s decade-long low-risk profile.  Highlights In 2019, global trade flows declined 2% from US$ 18.5 trillion to US$ 18.1 trillion, underpinning a trade finance revenue pool of US$ 46 billion. ICC Trade Register data confirms default rates from 2008-2018 are low across all products and regions surveyed. The report can be used as a reference point for policymakers when considering how to support trade and trade financing

6 May 2020 ICC has partnered with International SOS, the world’s largest medical and security services firm, to launch the new ICC AOKpass mobile app, to provide trusted recognition of individuals’ COVID-19 compliance status. Co-developed by Singapore-based startups AOKpass and Perlin, the app will allow consumers, workers and businesses to more safely and quickly resume commercial activity in the context of the COVID-19 pandemic. At all times, users maintain full control over their medical information, which is stored securely and privately only on their device. Development of ICC