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Article of the Month
                           International Chamber of Commerce
                          TM




     International Chamber of CommerceTM
     The world business organizationTM

                                Introduction:
                                ICC (International Chamber of Commerce) is the voice of world business championing the
                                global economy as a force for economic growth, job creation and prosperity.

                                Because national economies are now so closely interwoven, government decisions have far
                                stronger international repercussions than in the past.

                                ICC - the world’s only truly global business organization responds by being more assertive in
                                expressing business views.

                                ICC activities cover a broad spectrum, from arbitration and dispute resolution to making the
                                case for open trade and the market economy system, business self-regulation, fighting
                                corruption or combating commercial crime.

                                ICC has direct access to national governments all over the world through its national
                                committees. The organization’s Paris-based international secretariat feeds business views
      Jean Rozwadowski          into intergovernmental organizations on issues that directly affect business operations.
      Secretary General
                                ICC’s Origin:
                                The International Chamber of Commerce was founded in 1919 with an overriding aim that
                                remains unchanged: to serve world business by promoting trade and investment, open
                                markets for goods and services, and the free flow of capital.

                                Much of ICC’s initial impetus came from its first president, Etienne Clémentel, a former
                                French minister of commerce. Under his influence, the organization’s international secretariat
                                was established in Paris and he was instrumental in creating the ICC International Court of
                                Arbitration in 1923.

                                ICC has evolved beyond recognition since those early post-war days when business leaders
                                from the allied nations met for the first time in Atlantic City. The original nucleus, representing
                                the private sectors of Belgium, Britain, France, Italy and the United States, has expanded to
                                become a world business organization with thousands of member companies and
                                associations in around 130 countries. Members include many of the world’s most influential
                                companies and represent every major industrial and service sector.

                                ICC’s Activities:
                                ICC activities cover a broad spectrum, from arbitration and dispute resolution to making the
                                case for open trade and the market economy system, business self-regulation, fighting
                                corruption or combating commercial crime.

                                ICC has direct access to national governments all over the world through its national
                                committees. The organization's Paris-based international secretariat feeds business views
                                into intergovernmental organizations on issues that directly affect business operations.


                                ◆ Setting rules and standards
                                ICC’s Uniform Customs and Practice for Documentary Credits (UCP 500) are the rules that
                                banks apply to finance billions of dollars worth of world trade every year. ICC Incoterms are
                                standard international trade definitions used every day in countless thousands of contracts. ICC
                                model contracts make life easier for small companies that cannot afford big legal departments.

                                ◆ Promoting growth and prosperity
                                ICC supports government efforts to make a success of the Doha trade round. ICC provides
                                world business recommendations to the World Trade Organization. ICC speaks for world
                                business when governments take up such issues as intellectual property rights, transport policy,
                                trade law or the environment. Every year, the ICC Presidency meets with the leader of the G8
                                host country to provide business input to the summit. ICC is the main business partner of the
                                United Nations and its agencies.


20

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Icc

  • 1.
  • 2. Article of the Month International Chamber of Commerce TM International Chamber of CommerceTM The world business organizationTM Introduction: ICC (International Chamber of Commerce) is the voice of world business championing the global economy as a force for economic growth, job creation and prosperity. Because national economies are now so closely interwoven, government decisions have far stronger international repercussions than in the past. ICC - the world’s only truly global business organization responds by being more assertive in expressing business views. ICC activities cover a broad spectrum, from arbitration and dispute resolution to making the case for open trade and the market economy system, business self-regulation, fighting corruption or combating commercial crime. ICC has direct access to national governments all over the world through its national committees. The organization’s Paris-based international secretariat feeds business views Jean Rozwadowski into intergovernmental organizations on issues that directly affect business operations. Secretary General ICC’s Origin: The International Chamber of Commerce was founded in 1919 with an overriding aim that remains unchanged: to serve world business by promoting trade and investment, open markets for goods and services, and the free flow of capital. Much of ICC’s initial impetus came from its first president, Etienne Clémentel, a former French minister of commerce. Under his influence, the organization’s international secretariat was established in Paris and he was instrumental in creating the ICC International Court of Arbitration in 1923. ICC has evolved beyond recognition since those early post-war days when business leaders from the allied nations met for the first time in Atlantic City. The original nucleus, representing the private sectors of Belgium, Britain, France, Italy and the United States, has expanded to become a world business organization with thousands of member companies and associations in around 130 countries. Members include many of the world’s most influential companies and represent every major industrial and service sector. ICC’s Activities: ICC activities cover a broad spectrum, from arbitration and dispute resolution to making the case for open trade and the market economy system, business self-regulation, fighting corruption or combating commercial crime. ICC has direct access to national governments all over the world through its national committees. The organization's Paris-based international secretariat feeds business views into intergovernmental organizations on issues that directly affect business operations. ◆ Setting rules and standards ICC’s Uniform Customs and Practice for Documentary Credits (UCP 500) are the rules that banks apply to finance billions of dollars worth of world trade every year. ICC Incoterms are standard international trade definitions used every day in countless thousands of contracts. ICC model contracts make life easier for small companies that cannot afford big legal departments. ◆ Promoting growth and prosperity ICC supports government efforts to make a success of the Doha trade round. ICC provides world business recommendations to the World Trade Organization. ICC speaks for world business when governments take up such issues as intellectual property rights, transport policy, trade law or the environment. Every year, the ICC Presidency meets with the leader of the G8 host country to provide business input to the summit. ICC is the main business partner of the United Nations and its agencies. 20