ICC Saudi Arabia
According to Chairman Abdullah Al-Ammar, ICC Saudi Arabia aims to restructure its procedures to keep pace with new developments and evolving economic challenges internationally. Namely, its board of directors decided to implement new programmes and organize events regionally in coordination with ICC’s secretariat in Paris.
ICC Saudi Arabia will be participating in the 8th World Chambers Federation Congress, hosted by the Qatar Chamber of Commerce and Industry, in Doha from 22-25 April 2012. And it is set to host a regional consultation in Riyadh in early 2013 on the subject of the ICC Business World Trade Agenda and ICC G20 Advisory Group initiatives.
ICC Saudi Arabia was also bolstered by the nomination of Vice-Chairman Montaser Al-Mohammed to the position of general coordinator of MENA countries for regional consultation group meetings.
ICC Saudi Arabia, based in Riyadh, continues to strengthen its regional networks. Mr Al-Ammar revealed that it plans to launch an initiative coordinating activities of the ICC network in the Gulf Cooperation Council (GCC) states, which currently comprise Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and United Arab Emirates.
The aim is to further unite GCC countries in an effort to help them achieve their global trade policy goals. For instance, members have already agreed in principle to sign a memorandum of understanding with Saudi customs to implement the ATA Carnet System for the temporary admission of goods for international exhibitions.
Saudi Arabia in 2011 signed onto the ATA Carnet System, which has been implemented in more than 72 countries. Putting into practice this system will help to strengthen bilateral trade between the kingdom and the rest of the world, intertwining Saudi Arabian businesses with global markets.
Four specialized committees within ICC Saudi Arabia have been recently formed, reflecting focal points for policy development in the kingdom. These are the trade and investment committee, the transport committee, the banking committee, and the arbitration committee.