The newly revised Uniform Rules for Demand Guarantees have been published and are now available for purchase from the ICC bookstore, giving practitioners a chance to familiarize themselves with the extensive changes before they come into effect on 1 July.
ICC has proposed that the already extensive cooperation between the world business organization and the World Customs Organization (WCO) be extended further, especially in the areas of trade facilitation, training, and capacity building initiatives.
Following the opening address by Kunio Mikuriya, WCO Secretary General in the occasion of World Customs Day in Brussels on 26 January, Martin Wassell, ICC’s First Director, showcased the longstanding partnership between Customs and the private sector. Mr Wassell recalled that the close relationship between the two organizations dates back to the 1950’s and was further strengthened by a Memorandum of Understanding (MOU) signed in June 1996 in Hong Kong.
The ICC Financial Investigation Bureau (FIB) has recently identified a spate of suspect financial instruments relating to shipments of sugar.
As more consumers consider environmental features important in their purchasing decisions, businesses have a keen interest in communicating the ‘green’ attributes of their products. Getting the message right is far from easy. To help marketers and advertisers avoid the mistakes of vague, non-specific or misleading environmental claims, the International Chamber of Commerce has produced a new global Framework for Responsible Environmental Marketing Communications.
The International Chamber of Commerce (ICC) has today issued a statement calling on governments to review their approach to the taxation of international takeovers, reorganizations and mergers.
A total of 406 incidents of piracy and armed robbery have been reported in the 2009 annual piracy report issued by the ICC International Maritime Bureau’s Piracy Reporting Centre (IMB PRC).
The initial results of the research projects supported by the Foundation in 2009 were presented at a CEO Forum in New Delhi in December, 2009. Further news about these initial projects will be the subject of future newsletters and will be posted on the Foundation website.
ICC acknowledges the agreement reached in Copenhagen as a step towards a global low-carbon economy, pending the clear expression of commitments and mitigation actions, but is disappointed that the international negotiation process did not deliver a clearer and more ambitious agreement.
The quick response of the Royal Malaysian Navy has helped to thwart the attempted hijacking of a vessel by Somali pirates.
ICC has hosted an official side event at the Copenhagen climate change talks to explore vital enabling frameworks needed for business to successfully develop and deploy technology at the necessary scale to combat climate change.
Yvo de Boer, Executive Secretary of the UN Framework Convention on Climate Change, challenged business to make itself more relevant to the international climate change debate and to offer clear products to address climate change, which he said business had so far failed to do, beyond a national level.
ICC hosted a side event on finance and climate change in Copenhagen to discuss concrete examples of the enabling frameworks needed to catalyze private sector investment in order to achieve deep long-term emissions reductions, including the reform and development of new market mechanisms.
Business has shown support for the continuation of the multistakeholder Internet Governance Forum (IGF) beyond its mandate of 2010 in its current format.
Fraud awareness, prevention, investigation and recovery were the four key themes discussed at last month’s International Financial Crime Forum held in Malta. The well attended event was organized by ICC Commercial Crime Services (CCS) in conjunction with the Malta Financial Services Authority (MFSA) and Malta Financial Intelligence Analysis Unit (FIAU).
With the largest business delegation ever seen at a UN climate change conference descending on Copenhagen over the next two weeks, ICC is hosting a number of events to help business representatives better understand UNFCCC processes and ICC’s special role at the conference.
The ICC Executive Board has approved the re-election of Rona Yircali for a third term as Chair of the World Chambers Federation (WCF).
ICC today announced a revised version of the Uniform Rules for Demand Guarantees (URDG) destined to apply to hundreds of billions of dollars of demand guarantees securing monetary and performance obligations in a wide array of international and domestic contracts.
Project leaders from the World Trade Organization, the Harvard Business School and the IMD Business School presented initial results of research projects on global trade and investment supported by the ICC Research Foundation, at a Forum organized by ICC India on 4-5 December, 2009 in New Delhi. Participants in the Forum, on the theme “Globalization and Inclusive Growth”, included more than 100 CEOs and senior executives of major corporations in the Asia-Pacific region, members of the ICC Executive Board , Ministers and senior officials from the Government of India and leading academics.
The ICC International Maritime Bureau (IMB) has reported a number of violent attacks on vessels off the Nigerian coast.