International trade and investment

Business priorities aimed at stimulating the global economy

Promoting trade and investment as engines of economic growth

Over the past 60 years, international trade and investment have contributed to improving the standard of living of billions of people around the world, by creating new economic opportunities for producers and consumers alike and by strengthening ties between nations, thereby contributing to global peace and prosperity and fostering greater freedom around the world. Companies and supply chains increasingly operate across multiple borders, and these activities can help to spread prosperity, technical know-how and capital, provided that they take place in a framework that is fair, transparent and rules based.

Cross-border investment is a vital driver of global economic growth and conveys benefits to businesses and home governments that frequently may be overlooked. Domestically, foreign direct investment links local companies to global value chains, underwrites trade and export opportunities, and facilitates the inflow of capital, technology, and skills. For multinational investors, it enables firms to establish a presence in global markets, particularly the fast growing markets of emerging countries. For many global companies, it is not unusual for 50-60% of their total sales and profits to be derived from foreign affiliates.

Overcoming obstacles in ongoing trade negotiations

The World Trade Organization (WTO) rules provide a transparent framework within which the businesses, which produce the goods and services that are traded around the world every day, can operate globally. The rules, however, are not perfect and after 11 years the WTO's multilateral trade negotiations are deadlocked.

Since global trade has dropped sharply and volumes are not expected to rise without restructuring multilateral trade negotiations, ICC is mobilising business to provide its recommendations for governments to address the urgency of declining trade, which has been further hampered by the shortage of trade finance and the rising threat of protectionism.

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ICC Trade Publications

The ICC Open Markets Index

OMI

The ICC Research Foundation in 2011 commissioned the first ICC Open Markets Index, which shows in particular that G20 countries have not been leading the way in terms of lowering barriers to trade, despite commitments to roll back protectionist measures. G20 countries only ranked “average” out of 75 countries for their openness to trade according to findings of the Index.The Index’s results amplify the urgent need to get beyond the Doha Round stalemate and define a more flexible approach for advancing global trade liberalization and rule-making. But this will require greater leadership from the world’s largest economies, which need to set an example in terms of trade openness.

ICC Guidelines for International Investment

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The Guidelines are a needed update reflecting the shared global experience of the four decades of economic development since 1972. Above all, they are a reaffirmation of the fundamental principles for investment set out by the business community in 1972 as essentials for further economic development. It is hoped that these Guidelines will be useful for investors and governments alike in creating a more enabling environment for cross-border investment and in understanding more clearly their shared responsibilities and opportunities in fulfilling the vast potential of cross-border investment for shared global growth.

This update retains the proven construct of the 1972 Guidelines, setting forth separately responsibilities of the investor, the home government and the host government. Many useful elements have been added: the introduction to provide setting and context, significant updates as for example the chapters on labour and fiscal policy to reflect the environment for international investment today, and new chapters on competitive neutrality, and corporate responsibility.

In sum, these Guidelines represent a comprehensive effort on the part of ICC, to produce a forward-looking document that will become a global business reference on cross-border investment for a global audience.

ICC World Trade Agenda Summit, Interactive Discussions

ICC World Trade Agenda Summit, Interactive Discussions

Opening Day, ICC World Trade Agenda Summit

Opening Day, ICC World Trade Agenda Summit

ICC World Trade Agenda Summit

WTA Opening

WTA Opening

WTA Opening - Gerard Worms - ICC Chairman

WTA Opening - Gerard Worms - ICC Chairman

WTA Opening - Oman Ambassador

WTA Opening - Oman Ambassador

WTA Opening - Remy Rowhani - CEO, Qatar Chamber

WTA Opening - Remy Rowhani - CEO, Qatar Chamber

WTA opening - Sheikh Khalifa bin Jassim Al Thani - Chairman, Qatar Chamber

WTA opening - Sheikh Khalifa bin Jassim Al Thani - Chairman, Qatar Chamber

ICC Chairmanship and speakers gave a media conference during the ICC World Trade Agenda Summit

ICC Chairmanship and speakers gave a media conference during the ICC World Trade Agenda Summit

Speakers delivered media conference during ICC World Trade Agenda Summit in Doha

Speakers delivered media conference during ICC World Trade Agenda Summit in Doha

Peter Mihok addressed media during the ICC WCF 8th World Chambers Congress in Doha

Peter Mihok addressed media during the ICC WCF 8th World Chambers Congress in Doha

Peter Mihok spoke to media on the occasion of the ICC WCF 8th World Chambers Congress

Peter Mihok spoke to media on the occasion of the ICC WCF 8th World Chambers Congress

Victor Fung told media in Doha about the ICC Business World Trade Agenda initiative

Victor Fung told media in Doha about the ICC Business World Trade Agenda initiative

WTO's Valentine Rugwabiza addressed media during the ICC World Trade Agenda Summit

WTO's Valentine Rugwabiza addressed media during the ICC World Trade Agenda Summit

Sheikh Khalifa addressed opening ceremony of ICC World Trade Agenda Summit

Sheikh Khalifa addressed opening ceremony of ICC World Trade Agenda Summit

Sheikh Khalifa took the podium at at the ICC WCF 8th Chambers Congress

Sheikh Khalifa took the podium at at the ICC WCF 8th Chambers Congress

Victor Fung gave opening remarks at the ICC World Trade Agenda Summit

Victor Fung gave opening remarks at the ICC World Trade Agenda Summit

Delegates attended the opening ceremony of the ICC World Trade Summit

Delegates attended the opening ceremony of the ICC World Trade Summit

Jean-Guy Carrier presented business priorities at the ICC World Trade Agenda Summit

Jean-Guy Carrier presented business priorities at the ICC World Trade Agenda Summit

Gerard Worms spoke to Qatar TV at the ICC World Trade Agenda Summit

Gerard Worms spoke to Qatar TV at the ICC World Trade Agenda Summit

Victor Fung chatted with other panelists at the ICC World Trade Agenda Summit

Victor Fung chatted with other panelists at the ICC World Trade Agenda Summit

Panelists entered discussions during the ICC World Trade Agenda Summit

Panelists entered discussions during the ICC World Trade Agenda Summit

Speakers discuss global economy power shifts at the ICC World Trade Agenda Summit

Speakers discuss global economy power shifts at the ICC World Trade Agenda Summit

Nobel Laureate Michael Spence addresses the ICC World Trade Agenda Summit

Nobel Laureate Michael Spence addresses the ICC World Trade Agenda Summit

Michael Spence engages discussion at the ICC World Trade Agenda Summit

Michael Spence engages discussion at the ICC World Trade Agenda Summit

Gerard Worms and Sheikh Khalifa at the ICC World Trade Agenda Summit

Gerard Worms and Sheikh Khalifa at the ICC World Trade Agenda Summit

Plenary session at the ICC World Trade Agenda Summit

Plenary session at the ICC World Trade Agenda Summit

Harold McGraw III and Gerard Worms at ICC World Trade Agenda Summit

Harold McGraw III and Gerard Worms at ICC World Trade Agenda Summit

Gerard Worms, Sheikh Khalifa and Victor Fung

Gerard Worms, Sheikh Khalifa and Victor Fung

ICC World Trade Agenda Summit session on global power shifts

ICC World Trade Agenda Summit session on global power shifts

Business and the WTO

Debate: Business and the WTO

ICC's World Trade Agenda Press Conference

ICC's World Trade Agenda Press Conference