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Trade Technology Partnership

ICC 34th World Congress Report
Denver 6-8 May, 2002

Congress opening
Monday 6 May, 2002

Team up to beat poverty, business tells governments
ICC President Richard D McCormick opened the congress with a call for partnerships between business and governments "to help people everywhere share the benefits of economic growth."
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The world enters the century of the life sciences
ICC Vice-President Jean-René Fourtou, Group President, Aventis, predicted that the 21st century would be the century of the life sciences.
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Business has to win trust
Phil Watts, Chairman of Royal Dutch/Shell told the opening session that the power of markets was to stimulate "a ferment of innovation and then test advances in the fierce fire of competition."
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Restoring confidence in the American financial system
Tough and effective reforms are needed to improve the quality of financial information in the wake of the Enron collapse, said Jim Copeland, CEO Of Deloitte Touche Tohmatsu.
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Foreign trade's race to the top for US workers
In a robust assertion of foreign trade's benefits for American workers, George David, Chairman and CEO of United Technologies Corporation, said the United States needed to set high wage exports against low wage imports.
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Tackle AIDS plea to business
Private business should confront the AIDS epidemic head-on with education, prevention, counseling and treatment programmes, United Nations Deputy Secretary-General Louise Fréchette told Congress participants.
< a href="/home/denver/denver_rep/aids.asp">Click to read

Sessions
Monday 6 May, 2002

Documents alone are no solution to fraud
The vulnerability of business, and especially the transport industry, to large-scale fraud was highlighted during a session on commercial crime. ICC Commercial Crime Services Director Pottengal Mukundan said that if ever businesses were able to adopt a system of trading that was completely fraud-proof, it would also probably be business-proof as well.
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Economists hail global recovery - but warn of dangers ahead.
At a session on the state of the global economy, the American consumer won praise for continuing to spend during the recent slowdown - thereby helping recovery.
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WCF and Quebec Congress are focal points for chambers
How individual chambers gained strength by working together was the theme of the World Chambers Federation session.
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Business must provide more incentives for the young
Both governments and business were taken to task at a session entitled "Young people at risk" for not doing more to help alienated youth to become useful members of society.
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Advantages of ADR explained
ICC's new rules for the amicable resolution of business disputes were outlined at a session on ICC dispute resolution services. Speakers stressed that successful ADR (amicable dispute resolution) depended on the mutual consent of the parties in dispute.
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Tuesday 7 May, 2002

Overcoming the digital divide not "just a click away"
The question "Is e-business just a click away for developing countries?", the title of a session on bridging the digital divide, provoked a resounding negative.
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"Heavy-handed" investors in developing world are criticized
Nii Quaynor, Executive Chairman, Network Computer Systems, Ghana, accused some big international companies of crowding out local investors in his country.
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The technological revolution's boundless promise
Where is the technological revolution taking mankind? The prevailing view during the session on technnologies of the future was that nobody can be sure. But the revolution is opening up boundless opportunities to improve the quality of life.
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EU competition authorities said to put consumer interests second
European Union competition policy came under fire for putting competitors' interests before those of consumers during a session that looked at pitfalls in antitrust policy.
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Overcome fear and let biotechnology serve mankind
Biotechnology has the potential to defeat hunger, malnutrition and disease and can be a boon to developing countries faced with growing populations and widespread poverty.
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The environment: let's worry about the right things
A Greenpeace activist who has challenged basic arguments of the environmentalist movement featured in a session on the environment.
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Main trade players "not setting a good example"
Prospects for the WTO Doha round of trade negotiations and the implications of recent US trade moves dominated the s ession on trade policy.
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Good business conduct is good for business
Meeting society's expectations for environmental and social responsibility in business behaviour is an increasingly important part of companies' commercial role. This was one of the main conclusions of a session on responsible business conduct during which speakers agreed that good business conduct is good for business
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Resolving the intellectual property dilemma
The session on intellectual property protection highlighted the conflict between the need to preserve economic incentives to innovate and the need to get products, especially drugs, to people who desperately need them.
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How business helps to defuse conflicts
Conflict is the enemy of business, but if business is able to operate it can reduce the threat of conflict. This was among main conclusions of speakers at a session on world tensions and their impact on business.
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Transport and security - getting the balance right
Corporations in every business sector are spending more on security and deploying high technology defences against terrorist attacks in the aftermath of the 11 September assault on New York and Washington.
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FDI biggest, most stable source of capital development
The heightened competitive edge developing countries need to attract foreign direct investment in today's global economy was highlighted in the session on investment as a means of increasing wealth and opportunity in the developing world.
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Wednesday 8 May, 2002

Danger points in the world financial system identified
The vulnerability of the world financial system to future shocks was underlined during a session in which speakers were asked whether they were inevitable.
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Global rules for a global economy
A bigger role for the United Nations as globalization advances was foreseen during the session on global governance.
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Global regulation needs to catch up with business
The momentum of business in the global economy is outstripping the regulatory foundations that governments have created, speakers said at a session entitled: "The shape of business - a topsy-turvy picture for industry".
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Closing

Share the American Dream
In a keynote speech at the closing session, US Commerce Secretary Donald Evans extolled the virtues of "handshake capitalism" based on trust between business partners and urged corporate executives to "share the American Dream" by helping the poor people of the world.
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Business vows to spread trade's benefits to all
In a Denver Declaration concluding the Congress ICC appealed to governments to resolve trade disputes by negotiation and to reaffirm the authority of the World Trade Organization.
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