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ICC celebrates innovation with 2019 World Chambers Competition
15 June 2019: On the final day of the 11th World Chambers Congress, three chambers have been crowned champions of innovation, upon conclusion of the 2019 World Chambers Competition. The World Chambers Competition is the only award programme of its kind to recognise the pioneering initiatives of chambers of commerce from around the world. Held in conjunction with the biennial Congress, this year’s edition took place in Rio de Janeiro, Brazil. After two days of presentations, the three winning chambers were announced under the following categories: Category: Best Education
Chambers of commerce step up for bold climate action
14 June 2019: The International Chamber of Commerce (ICC) has unveiled the groundbreaking “Chambers Climate Coalition”. Launched in Rio de Janeiro by ICC Secretary General John W.H. Denton AO at the 11th World Chambers Congress, the Coalition showcases the pivotal and essential role that the global network of chambers can play in driving climate action. Mr Denton said: “As a group, we are committed to climate action and commit to limit global temperature increases to well below 2 degrees Celsius and commit to the development of policy frameworks that
ICC Trade Register affirms trade finance’s decade-long low-risk profile
11 June 2019: The International Chamber of Commerce (ICC) Banking Commission has released its 2018 Trade Register report – again highlighting the low risk nature of trade finance in comparison to other asset classes. In 2018, global trade reached a new peak of US$18.5 trillion, underpinning a trade finance revenue pool of US$48 billion. ICC Trade Register data confirms default rates from 2008-2018 are low across all products and regions surveyed. For the first time, payables finance and non-OECD Export Credit Agency-backed export finance products
ICC Arbitration figures reveal new record for awards in 2018
11 June 2019: A total 842 cases were administered by the International Court of Arbitration of the International Chamber of Commerce in 2018 – the second highest total of registered cases ever – according to the latest figures released by ICC today. Worldwide, 2,282 parties were involved in ICC Arbitration cases from 135 countries in 2018. Newly registered cases in 2018 represented an aggregate value of US$ 36 billion, with an average amount of US$ 45 million in dispute. The aggregate value of all pending
ICC Albania awarded with the European ICC National Committee Initiative of the Year and third place globally
6 June 2019: ICC Albania ‘’ABC (Anti-corruption Business Coalition) Project’’ earns the ICC National Committee Initiative of the Year first prize in Europe and third place globally for introducing a set of solutions and tools in Albania that aim improvement of the investment climate through addressing fight against corruption. This project focused on unleashing corporate integrity as an area that requires more engagement from stakeholders, such as private and public sectors, aimed at the same time the improvement of the investment climate in Albania. The
ICC Albania comments & recommendations: Draft Law on Investments
5 June 2019: ICC Albania appreciates the opportunity given by the Investment Council Secretariat in Albania to provide input on the Draft-Law on Investment document. ICC Albania has circulated the draft within its membership and submits the reviewed comments and recommendations deemed of particular importance for business and for the furtherance of an enabling investment climate in Albania. The document is available in Albanian language and has been submitted to Ministry of State for the Protection of Entrepreneurship, Ministry of Finance and Economy and to