To that end, ICC provides a forum for businesses and other organizations to examine and better comprehend the nature and significance of the major shifts taking place in the world economy. We also offer an influential and respected channel for supplying business leadership to help governments manage those shifts in a collaborative manner for the benefit of the world economy as a whole.
While policy advocacy is a major part of ICC’s work, everything else we do is also devoted to promoting international trade and investment. Indeed, much of our work is of a very practical nature, focussed on making it easier for business to operate internationally. Our world-renowned commercial arbitration service is a form of impartial and dependable private justice that gives more security to commercial partners doing business across frontiers.
Drawing on the expertise and experience of its worldwide membership, ICC has also over time developed a large array of voluntary rules, guidelines, and codes – - sometimes referred to as ‘trade tools’ –- which facilitate cross-border transactions and help spread best practice among companies. A notable example is ICC’s famous Incoterms® rules –- first elaborated in 1936 –- which are accepted as the global standard for the interpretation of the most common terms used in contracts for the international sale of goods.
ICC strives to ensure that the emerging new world, with new poles of power and leadership, stays faithful to the precept that international trade and investment and the market economy system are key factors in raising and spreading wealth.
I remain convinced that the core values that led to the creation of ICC over 90 years ago are as relevant today as they were then. Those values will continue to provide a compass for our efforts on behalf of business to help shape the new world that is emerging.
International Chamber of Commerce