Success in Bali has highlighted how the voice of world business can make a difference in the world, not only for business but for everyone dependent on the global economy.
Moving trade and investment policy 'beyond Doha'
Improving the capacity of the WTO to expand the international rules for trade and investment is a necessary condition for creating an effective 21st century rules-based multilateral system that generates growth and jobs. For these reasons, the International Chamber of Commerce (ICC), in partnership with Qatar Chamber of Commerce and Industry, launched ICC Business World Trade Agenda. This private sector initiative aims to mobilize business to provide a practical and forward-looking trade and investment policy agenda that will contribute to economic growth and job creation.
Actively involving the voice of global business
Businesses – from small- and medium-sized enterprises to large corporations – produce the goods and services that are traded on a daily basis throughout the world. One of the challenges faced by business in an increasingly integrated global economy is the absence of global rules in many crucial areas. Improving the capacity of the WTO to expand the international rules for trade and investment is a necessary condition for creating an effective 21st century rules-based multilateral system that generates growth and jobs.
Global business in uniquely placed to recognize and identify areas where multilateral trade rules have been superceded by 21st century trading realities. Business is also positioned to suggest where innovative solutions to overcome the current obstacles in trade negotiations may be found ICC's proposals represent a pragmatic, business-like approach to reaching agreements at the WTO.
Encouraging dialogue between business and government
ICC has been leading the global business community with initiatives, including the ICC World Trade Agenda and the ICC G20 Advisory Group, which encourage dialogue between business and government in a bid to establish practical policies for opening trade and investment.
The ICC Executive Board fully endorses this high-level initiative, which is further encouraged by the expressions of support it has received from the WTO and the United Nations Conference on Trade and Development (UNCTAD) for the World Trade Agenda initiative. The World Trade Agenda business priorities also feed into the G20 policy process, with the aim of strengthening the trade and investment policy components of the G20 agenda.