ICC welcomes G20 boost to trade finance and pledge to conclude Doha Round 

Paris, 2 April 2009

ICC today congratulated the G20 leaders for taking a multilateral approach to resolving the world economic crisis. In particular, ICC applauded their agreement to kick-start trade by significantly increasing trade finance, rapidly concluding the Doha Round of trade negotiations, and strengthening promises to avoid protectionist measures. 

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Trade volume and value decline sharply as a result of crisis

Paris, 23 March 2009 

Trade has significantly decreased in both volume and value as a result of the worldwide recession and may be reduced further due to tight credit conditions, ICC said in a report presented at a meeting of banking experts organized by The World Trade Organization. 

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   ICC issues positions on global economic crisis

   Paris, 13 March 2009

   The global economic crisis does not stem from a failure of the market 
   economy system nor does it call into question the system’s successful
   record in creating wealth and significantly raising global living standards, ICC
   said in a position paper on the current emergency.

   Please click here to read the full article

ICC Chairman Victor Fung meets Gordon Brown ahead of G20 Summit

London, 12 March 2009

The upcoming G20 Summit in London should strongly reject growing protectionist pressures and increase multilateral cooperation to resolve the global financial crisis, ICC Chairman Victor K. Fung told British Prime Minister Gordon Brown yesterday.

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World Chambers Congress in Kuala Lumpur vital as economic crisis deepens

Paris, 12 March 2009

The 6th World Chambers Congress in Kuala Lumpur this June provides an excellent opportunity for chamber of commerce leaders to exchange ideas on how they are working with business and governments to meet the challenges of the worldwide recession.

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ICC Chairman calls on G20 to reject protectionism

London, 11 March 2009

ICC Chairman Victor K. Fung called on world leaders to clearly reject all protectionist pressures at the upcoming G20 summit in London.

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Financial crisis to be addressed at first ICC banking meeting in Gulf 

Paris, 6 March 2009

ICC, in association with ICC United Arab Emirates and the Dubai Chamber of Commerce and Industry (DCCI) is set to host a major ICC Banking Commission meeting in Dubai from 10-12 March at the Dubai Chamber Auditorium. The meeting – sponsored by Mashreq Bank and China Systems – will be attended by eminent banking professionals from over 100 countries.

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Lowest global economic index in history

Paris, 18 February 2009

The world economic climate index fell for the sixth consecutive quarter, dropping 10 percentage points to reach its historically lowest level since the introduction of the World Economic Survey in 1981, according to the ICC and the Ifo Institute for Economic Research, who conduct the survey.

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ICC experts discuss the financial crisis and its implications

Paris, 19 December 2008 

The ICC Corporate Economists Advisory Group and Commission on Financial Services and Insurance held a joint meeting on 25 November to discuss the current financial crisis and its implications. The meeting brought together business experts who provided accounting, credit agency, industry and regulatory perspectives on how to restore confidence in global financial markets. 

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ICC Chairman hails G20 leaders rejection of protectionism and commitment to conclude WTO’s Doha Development Agenda 

Hong Kong, 17 November 2008 

Victor K. Fung, ICC Chairman, has welcomed the statement from the G20 Summit held on 15 November in Washington, DC for the significant initiatives agreed by the attending leaders to achieve “an ambitious and balanced outcome” for the WTO’s Doha Development Agenda.

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ICC Commission on Banking discusses trade finance problems at WTO 

Paris, 17 November 2008

Members of the ICC Commission on Banking Technique and Practice and representatives from international financial institutions, private banks, and other experts met at the WTO last week to analyze the shortage of trade finance and discuss possible measures to address the problem.

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ICC Chairman Victor Fung interviewed on CNN

In CNN interview, ICC Chairman urges G20 to stimulate trade 

Singapore, 13 November 2008 

Leaders of the G20 economies should take immediate measures to facilitate global trade, particularly in the area of trade finance, to help resolve the global financial crisis, Victor K Fung, Chairman of the International Chamber of Commerce, said today on CNN.

ICC statement to G20 Leaders

ICC Chairman urges G20 leaders to adopt bold solutions to financial crisis

Paris, 12 November 2008

Victor K. Fung, Chairman of ICC, has called on the leaders of the G20 nations to take bold and responsible actions to restore confidence in the world economy, including bringing the Doha Round to a successful conclusion.  Please click here to read the statement 

Op-ed by ICC Chairman Victor Fung

A revitalized global trading system needed to avert protectionism

Paris, 10 November 2008 

Writing in the Hong Kong edition of China Daily, as part of the ICC response to the financial crisis, ICC Chairman Victor K. Fung advocated a revitalized global rules-based multilateral trading system that will provide a robust global framework and restore a sense of global trust. Please click here to read the full Op-ed.

Statement from ICC Secretary General Guy Sebban

International cooperation vital to resolve financial crisis

Paris, 15 October 2008 

ICC is deeply concerned about the current crisis in the global financial system which has led to a severe contraction of credit and dramatic falls last week in stock markets around the world. The prospects for global economic growth in 2009 have already been badly damaged, with North America and Europe facing a prolonged period of recession. Please click here to read the full statement.