ICC, in partnership with Qatar Chamber of Commerce and Industry, launched the ICC World Trade Agenda (WTA) to address the stalemate in multilateral trade negotiations under the World Trade Organization's (WTO) Doha Round.
WTA was launched in March 2012 at the WTO Headquarters in response to calls from members and from G20 leaders for fresh approaches following a 12-year impasse in multilateral trade negotiations.
At the meeting, CEOs, senior corporate executives, and representatives of business organizations began defining elements of a world trade agenda that would increase global growth and job creation, underscoring the private sector's desire to reach agreement and bring multilateral trade negotiations back to centre stage.
Opportunities for business
Through WTA business leaders have and continue to contribute to concrete proposals for strengthening the rules-based multilateral trading system, reconfirming that global business is committed to the objectives of the World Trade Organization (WTO).
Since its launch, the initiative has organized consultations with CEOs and senior executives in all major regions of the world to gather input and validation of its recommendations. These business priorities were released during the ICC World Trade Agenda Summit on 22 April 2013 in Doha.
The final set of business recommendations was submitted to governments ahead of the G20 Summit in Russia in September 2013, and the 9th WTO Ministerial Conference in Bali in December 2013.
The post-Bali trade agenda Bali Package: a WTO trade facilitation agreement
The Agreement on Trade Facilitation, which was finally adopted at the WTO's 9th Ministerial Conference on 7 December 2013, was the first major agreement to have been reached since the creation of the WTO.
The ICC global network - representing approximately 6.5 million companies in 130 countries - had spent two years calling for the deal and was given recognition for the influential role it had played in pressing governments to reach such an agreement.
The agreement will have a real impact on the economy in terms of jobs and opportunity. It is expected to inject up to US$ 1 trillion into the global economy, create 21 million jobs and pave the way for future agreements.
Global business will continue to work with governments to identify and prioritize areas where further results can be achieved as part of the post-Bali global trade agenda.
UNECE Trade Facilitation Implementation Guide: simplifying cross-border trade
By cutting red tape at borders and in customs, the Bali package will speed up supply chains and make it easier for small companies and developing countries to integrate into international trade. The deal will also boost the ability of developing countries to provide food security to their poorest citizens.
Trade Facilitation Implementation Guide, a web-based interactive tool , has been designed to help countries simplify cross-border trade. It offers a brief and
comprehensive overview of what trade facilitation is, why it matters, what it
involves, and how countries should go about implementing it.
shows policymakers and implementers how to identify, examine and select
relevant trade facilitation measures and instruments for dealing with issues
such as: avoiding waiting times at border crossings; setting up a Single Window
for exports and imports; using modern information technologies for trade
This guide is
a valuable tool and fully endorsed by the ICC World Trade Agenda initiative.
Partnership to move 'beyond Doha'
ICC and the Qatar Chamber of Commerce launched WTA to help successfully conclude the round of multilateral trade negotiations that began in Doha, Qatar over a decade ago.
Since the Doha Round was launched, the Qatar Chamber has helped oversee one of the most dynamic and fastest-growing economies in the world, thus giving the Chamber a unique understanding of the rapidly changing macro-economic conditions that now charaterize the current state of multilateral trade negotiations.
ICC and Qatar Chamber are committed to mobilizing business around the world as one global voice to move trade and investment policy into the 21st century and 'beyond Doha'.
ICC World Trade Agenda initiative tools