The Republic of Moldova will become the 67th country to join the ATA Carnet system as of 1 July 2010. With a modest recovery predicted for the Moldova economy in 2010, the move will help facilitate trade and open new business opportunities with the country.
Public deficits, a decrease in tax revenues and schemes to reduce government deficits and debt accumulation, could be detrimental to the strength and durability of the economic recovery, according to the quarterly ICC/Ifo World Economic Survey released today.
The International Chamber of Commerce (ICC), the United Nations Development Programme (UNDP), and the International Business Leaders Forum (IBLF) are pleased to open nominations for the 2010 World Business and Development Awards in support of the Millennium Development Goals (MDGs) – eight internationally-agreed goals to alleviate poverty by 2015.
Addressing the 13th session of the UN Commission on Science and Technology for Development (CSTD), Subramanian Ramadorai, Vice-Chairman of Tata Consultancy Services, and Chair of the ICC initiative Business Action to Support the Information Society (BASIS) said that when it comes to technology in our highly connected world it is no longer a case of “business as usual”.
ICC recently issued a policy statement on “Transfer Pricing and Customs Valuation” aimed at supporting companies that face the challenge of determining the appropriate related party valuation of goods.
As governments gather in New York for the 18th session of the United Nations Commission on Sustainable Development (UNCSD), ICC has stressed the critical role of the private sector as a partner for creating solutions to today’s pressing sustainability challenges.
When Internet policy is implemented the effects are far-reaching, transcending national and regional boundaries, and affecting all. That is why no one group can or should address Internet governance alone.
ICC has expressed concern that proposals to introduce a new framework to limit excessive leverage in the world’s banking system may have unintended, negative consequences on trade finance, and it urged the creation of a special trade finance working group to examine the problem.
Results of research projects supported by the ICC Research Foundation on global trade and investment will feature prominently on the program of the ICC World Business Summit in June, 2010. The Summit addresses issues related to the transformation of the global economy, with shifts in political and economic power, emergence of new markets, new technologies, new actors and new business models.
The Chambers of Commerce from Dubai and Qatar have placed their bids to host WCF’s 8th World Chambers Congress in 2013, bringing the event for the first time to the Middle East.
A roundtable organized by ICC on competition law enforcement from the angle of due process will provide an opportunity for a dialogue between government competition agencies and private business.
Prospects for a strong and lasting trade recovery are mixed, with access to affordable trade finance constrained, trade protectionism still a problem, and banks facing tougher capital requirements for their trade assets, a major new survey on trade finance by the International Chamber of Commerce (ICC) said today.
The unprecedented situation resulting from the volcanic eruption has led to delays in the presentation of documents by beneficiaries and banks to nominated banks, issuing banks, guarantors and instructing parties, due to the inability of courier companies to deliver packages in accordance with their published schedules.
Somali pirates were responsible for 35 of the 67 piracy incidents reported worldwide during the first quarter of the year, the ICC International Maritime Bureau (IMB) reported today.
The International Chamber of Commerce regretfully announces the postponement of its Banking Commission Spring meeting and its related events due to take place in Beijing on 21-23 April. Although over 400 participants were expected to attend the gathering, the decision was taken under exceptional circumstances, as ash from a volcano in Iceland continues to cause major disruptions in air travel across most of Europe.
Every day, business plays a crucial role to ensure the network connectivity that so many people around the world take for granted when they click to send an email or logon to the Internet.
At a recent meeting of the ICC Commission on E-business, IT and Telecoms (EBITT), Mohamed Elnawawy, Vice-President for Corporate Strategy at Telecom Egypt outlined some of the measures and policy approaches that can be taken to keep networks up and running.
ICC today urged the Organization for Economic Development and Cooperation (OECD) to promote awareness of the world business organization’s codes on environmental claims in advertising and to foster exchanges of information on research regarding consumer perceptions.
ICC will write to chief executive officers (CEOs) who last year urged the adoption of a review system to a UN anti-corruption convention to inform them of the success of their effort.
The letter would be a follow up to a message the CEO’s sent to UN Secretary General Ban Ki-moon last May urging the adoption of an efficient review mechanism to ensure that the 143 signatory states are complying with their commitment to fight corrupt practices. The mechanism, based on self-assessments by governments and peer reviews that will be made public, was adopted by a UN conference in Doha last November.
Although the world’s economy averted the worst, the current recovery is fragile and it will take some time for the global economy to return to robust growth, ICC Chairman Victor K. Fung told an energy conference today.