ICC chairman pledges world business support for...ICC chairman pledges world business support for...

 
 

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ICC chairman pledges world business support for renewed trade talks

Jean-René Fourtou: It is vital that business creates rules for itself, acts ethically and seeks to promote overall growth in trade and the development of all the world's people

Québec City, 17 September 2003 - ICC Chairman Jean-René Fourtou used his closing address to the World Chambers Congress here today to pledge full support of world business for reinvigorating stalled global trade talks.

Referring to the recent failure in Cancun of WTO negotiations, Mr Fourtou told an audience of some 800 international business executives that efforts to find agreement among countries on ways to move the Doha Development Round forward must be renewed with new determination.

"On behalf of ICC and the multitude of businesses of all sizes, all sectors and all countries it represents, I express our disappointment at the failure of Cancun, particularly as it comes at a time where a stagnant world economy would have benefited from a positive outcome," he said.

"While we are disappointed, we still believe this process will eventually succeed."

Mr Fourtou said he looked forward to the next WTO general counsel meeting on December 15, where he hoped negotiations would start again with new vigour, and be concluded by the set timetable, the end of 2004.

He pledged the full cooperation of the ICC to see a successful completion of the Doha Development Round.

"It is a goal ICC will continue to work towards with the WTO in Geneva, with individual governments via its network of national committees in more than 80 countries, in its efforts with other business organizations and, finally, by making globalization and development the central themes of ICC's upcoming World Congress in Marrakesh in June 2004," he said. "This Marrakesh congress will be an event of exceptional importance."

"It is vital that business creates rules for itself, acts ethically and seeks to promote overall growth in trade and the development of all the world's people."

Mr Fourtou said a weakened world economy and the current state of geo-political uncertainty meant the work of ICC had assumed even greater importance.

"The name given to ICC's founders in 1919, the "merchants of peace", has never been more relevant to our organization than it is today," he said. "The role of ICC is to promote international trade and investment. Like our founders, we believe trade leads to economic development and contributes to peace."

Mr Fourtou added that businesses themselves were best placed to identify and deal with the challenges of globalization.

"Who is more qualified than companies themselves to know exactly what the problems are in their respective sectors, and therefore what the best solutions will be?"

"Let us strive to find answers to these problems and move forward as much as possible through our own efforts while cooperating with international institutions and our governments."

He called on all congress delegates to participate in ICC's work, urging them to reconvene at the ICC World Congress in Marrakesh next June with ideas on how to advance the process of trade liberalization.

For further information on the Congress, visit: or telephone ICC Communications Director, Bryce Corbett in Quebec City: (+1 418 261 4989)

French version

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