18 July 2019: Article 6 of the Paris Agreement was the focus of attention at the UN Climate Change Conference in Bonn. But what is Article 6 and why is it important to increasing climate action? Increased ambition to curb greenhouse gas (GHG) emissions was at the heart of June’s United Nations Climate Change Conference in Bonn, Germany. Under the Paris Agreement, the 194 Parties to the United Nations Framework Convention on Climate Change (UNFCCC) committed to shifting the world’s course towards sustainable development and “holding the increase

17 July 2019: As part of the first instalment of A Day in the Life of Incoterms, the International Chamber of Commerce (ICC) spoke to Bob Ronai, a member of the Incoterms® 2020 Drafting Group, about the Incoterms® rules and his passion for international trade. When Bob Ronai started his career in international trade five decades ago, many of the defining characteristics of today’s global trade system did not exist. For starters, rule-setting organisations, like the European Union (EU) and World Trade Organization (WTO), were

17 July 2019: The International Chamber of Commerce (ICC) has published guidance on intellectual property (IP) valuation to provide business with a common knowledge base for valuing IP assets. With the help of 30 experts from 15 counties, ICC has released the ICC Handbook on Valuation of Intellectual Property Assets. The ICC handbook serves as a reference for business and valuation professionals. From large multinational corporations to micro-, small-, and medium-sized enterprises (MSMEs), more and more businesses are conducting IP valuations as part of development and

10 July 2019: The International Chamber of Commerce (ICC) Banking Commission has issued new electronic rules (eRules) to advance the digitalisation of trade finance practices. The ICC Banking Commission has released electronic supplements to the existing Uniform Rules for Collections (URC 522) and Uniform Customs and Practice for Documentary Credits (UCP 600) rules. The new eRules, which came into effect on 1 July, will provide rules for banks operating in today’s increasingly digital trade finance system. In June 2017, ICC formed the “Digitalisation in Trade

9 July 2019: The Canadian Chamber of Commerce and the Torino Chamber of Commerce (Italy) are the latest members to join the International Certificate of Origin (CO) Accreditation Chain. The Canadian Chamber of Commerce and the Torino Chamber of Commerce (Italy) were announced as the newest members of the International Certificate of Origin (CO) Accreditation Chain at the 11th World Chambers Congress in Rio de Janeiro during a meeting of the International CO Council. “We are very pleased to welcome the Canadian Chamber of Commerce

8 July 2019: The seas around West Africa remain the world’s most dangerous for piracy, the International Maritime Bureau’s (IMB) latest report reveals. Of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Benin, Cameroon, Guinea, Nigeria and Togo. Worldwide, the International Chamber of Commerce’s IMB Piracy Reporting Centre recorded 78 incidents of piracy and armed robbery against ships in the first half of 2019, compared