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ICC warns of risk to MSME growth posed by complex indirect tax regimes
11 September 2019 ICC has published an inaugural issues brief on World Trade Organization negotiations on the trade-related aspects of e-commerce. The issues brief – the product of extensive consultation with businesses across a range of sectors participating in or affected by the digital economy – will form part of a series of briefs by ICC to assist WTO Member States in their plurilateral negotiations in Geneva. The negotiations, now involving 80 Member States, seek to achieve a high standard outcome that builds on existing
International Chamber of Commerce (ICC) releases Incoterms® 2020
Paris, FRANCE, 10 September 2019 International Chamber of Commerce (ICC) releases Incoterms® 2020 The International Chamber of Commerce (ICC) has released Incoterms® 2020, globally recognised trade terms for the sale of goods, providing certainty and clarity to business and traders everywhere. The Incoterms® rules were first introduced by ICC in 1936 to establish commonly accepted defintions and rules to related to the sale of goods between trading parners worldwide. Since then, ICC has periodically revised the Incoterms® rules to reflect changes in the international trade
Supply Chain Finance: major challenges banks face in delivering supply chain finance solutions
29 August 2019: The International Chamber of Commerce (ICC) Banking Commission’s latest edition of its Global Survey on Trade Finance provides an authoritative review on global trade finance trends based upon interviews from over 300 banks in over 90 countries. Brendan du Preez, Head of Supply Chain Finance, Group Trade, Standard Bank In this ICC guest blog, Brendan du Preez, Head of Open Account and Supply Chain Finance and West Africa Trade, Group Trade, Standard Bank, discusses some of the challenges facing banks today, as
How can blockchain technology optimise Incoterms® 2020?
26 August 2019: Dorjee Sun, CEO and co-founder of Perlin, discusses the benefits of blockchain technology for Incoterms®2020 and the future of trade with ICC. Over the past decade, digital technology and climate change have shaped international trade. Not too many business leaders can say that they have been at the forefront of both these movements. Dorjee Sun, CEO and co-founder of Perlin, can. From building his own software company as a university student to forming a carbon trading company for conserving rainforests – Mr
With world at crossroads, G7 falls short of business expectations
26 August 2019: ICC has issued a statement expressing disappointment at the significant lack of collective leadership from the leaders of the world’s largest industrialised economies at conclusion of the G7 Summit. ICC — the world’s largest business organisation, representing over 45 million companies — described the Summit as a missed opportunity to tackle growing economic and environmental challenges through coordinated action on the part of G7 economies. ICC Secretary General John W.H. Denton AO said: “It is increasingly clear to business leaders that we now
ICC calls on G7 for urgent response to Amazonian fires
23 August 2019: ICC Secretary General John W.H. Denton AO has issued a statement in reaction to forest fires sweeping across the Amazon rainforest. “The wildfires in the Amazon are a heartbreaking reminder of the urgency to protect the world’s vital resources on which we all depend. The Amazon is a vital biodiversity reserve and crucial greenhouse gas buffer. Deforestation on this current scale is already having devastating consequences, not just in Brazil but in our own homes and communities. Mechanisms for sustainable forest development should





