Getting business going in 2021 – ICC

We end our year with a round-up of key accomplishments on behalf of 45 million companies in over 100 countries. Whether it’s helping businesses weather the COVID-19 crisis or building a resilient reconstruction, we’ve had a busy year making business work for everyone, every day, everywhere.

From leveraging our real economy expertise to provide an effective response to greater inclusion in the global trading system, here are 6 ways we have worked to enable peace, prosperity and opportunity for all this year.

1. Shaping an effective response to COVID

In January, Published CPI groundbreaking research, showing that unequal access to COVID vaccines carried a greater risk for a global recovery than previously estimated and called the G7 follow through on commitments to support proposals to provide financial support to help the poorest countries recover from the impact of the pandemic. The ICC has been widely quoted in the media following a call for the European Commission to reconsider vaccine export controls. In March, ICC Secretary General John WH Denton AO and Henrietta Fore, UNICEF Executive Director, joined forces to write a joint editorial highlighting the urgent need to remove barriers to vaccine distribution.

ICC has represented companies at ACT Accelerator High Level Meeting for Ministries of Finance and called on the G20 and other world leaders to develop a comprehensive global action plan to end the pandemic. On the eve of the G20 summit in Rome in October, ICC called the leaders for a major shift in approach to improve access to vaccines in developing countries and stave off the looming threat of an emerging market debt crisis, stressing that vaccine inequalities are the root cause of chain disruption supply that are slowing global growth.

Given the impact of the pandemic on young people around the world, ICC also worked throughout the year to provide young people with the tools and resources to succeed in the global economy of the future.

Calling on the European Commission and other international organizations and governments to act quickly, ICC has also been at the forefront of efforts to introduce digital health passes as a way to restore global mobility and reopen the world. economy.

2. Enable sustainability

ICC advocated for an emissions trading deal during the COP26 climate negotiations, calling on governments for practical plans that work with the real economy. At COP26, ICC published the findings a broad survey of the experience of companies operating under the 60 different carbon pricing regimes in effect today around the world and released a white paper identifying a roadmap to improve the sustainability profile of the US $ 700 billion export finance market. CCI too summoned a large virtual conference on the sidelines of COP26 bringing together a diverse network of over 10,000 participants from the public and private sectors to align their climate ambitions and actions for the next decade. In September, Pavan Sukhdev, CEO of GIST invited the 2021 participants SDG Business Forum test PME360X, an ICC GIST platform to help small businesses reap both the environmental and business benefits of measuring and managing sustainability. Earlier in the year, having welcomed the plans to create a Pan-African Green Infrastructure Investment Bank, the Secretary General of the ICC, John WH Denton AO joins African ministers finance and major institutional investors from Africa and around the world to discuss how best to support green investments in Africa.

This month, ICC released a major independent report based on real-world case studies, highlighting the need for an overhaul of global trade rules to accelerate the adoption of circular business models.

In support of other sustainability goals, ICC and the World Food Program launched a global partnership engage the business community and foster strategic collaborations at regional and national levels.

3. Making trade work for everyone

In June, Dr Ngozi Okonjo-Iweala made ICC his first stopover to engage with the business community upon taking office as Managing Director of Global Trade. the exclusive briefing saw the participation of nearly 2,000 members of our network from over 120 countries.

In March, ICC officially launched the Digital Trade Standards Initiative (DSI) – a cross-sector collaborative effort to enable digital commerce standardization and later in the year announced the formation of new industry advisory board (IAB) to support the initiative.

The 2020 annual report of the Global Alliance for Trade Facilitation was published in March, highlighting three new projects and showing how the Alliance trained more than 200 customs officials from 11 countries in Latin America and the Caribbean in remote validation techniques as part of a regional project .

In May, ICC launched Let’s trade now, a suite of digital products and services to bridge the global trade finance gap in all its magnitude and complexity. As part of the TradeNow campaign, ICC announced a partnership with TradeFlow Capital Management to unlock trade finance for SMEs, named Ecuador as the first market to pilot the TRADECOMM MSME finance platform, powered by Finastra, to address the growing trade finance gap, and published the ICC 2021 Commercial register report, revealing the performance of short-term trade finance and supply chain assets for 2019 and 2020.

In one open letter Released in July, ICC Secretary General John Denton called on trade ministers to strike a fisheries deal saying making the tough decisions and compromises needed would restore confidence in the trading system while ultimately making our common ocean economy more sustainable in the long term.

More recently, ICC welcomed a landmark agreement signed by 67 countries to conclude negotiations on trade in services aimed at making national regulatory systems more transparent, predictable and efficient. ICC Secretary-General John WH Denton AO joins WTO Ambassador José Luis Cancela to launch the Trade4MPME which offers a suite of ITC tools and practical knowledge to guide and assist small businesses and policy makers.

4. Foster innovation and entrepreneurship

From global expansion of our Entrepreneurship Center and announce winners of the 2021 Business Start competition, CCI worked equip entrepreneurs and small businesses with the tools and knowledge to thrive in the global economy of the future. In March, ICC also published a guide policy frameworks that create and maintain robust innovation ecosystems.

5. Maximize the benefits of digital commerce

In 2021, ICC continued to recognize and advance the use of digitization and technology to achieve inclusive and sustainable post-COVID reconstruction.

In January, the CCI issued a joint industry statement Calling for advancement of the WTO framework on data flows, saying COVID-19 highlighted the indispensable role of e-commerce in our lives while in April the ICC welcomed a G7 ministerial declaration on the digital and technological agenda to “build back better”. CCI too joined a multi-stakeholder initiative calling for concerted action at all levels to bridge digital divides.

As part of our campaign to enable the digitization of five million micro, small and medium enterprises in Africa, ICC announced a partnership to support women-led SMEs on the continent, including through trade portals and information co-developed called “Electronic Commerce Centers.” CPI announced a partnership with B2BeeMatch to empower women entrepreneurs around the world through a tailor-made matchmaking platform for entrepreneurs and SMEs, supported by ICC Entrepreneurship Centers.

In June, ICC today joined the World Trade Organization (WTO) and the International Trade Center (ITC) to launch the Digital Champions Initiative for Small Business to help small businesses go digital and increase their participation in international trade.

Contact a global customs organization conference on cross-border e-commerce, ICC Secretary General John WH Denton AO said digital commerce is the future of commerce and called for efforts to configure the ecosystems necessary to achieve 21stCentury trade works for everyone, everywhere, every day.

Closing the year on a positive note from the digital economy, ICC welcomed a statement by the trade ministers of Australia, Japan and Singapore announcing significant progress in the ongoing negotiations on electronic commerce in the World Trade Organization.

As the leading business voice at the annual Internet Governance Forum through our Business action to support the information society (BASIS) initiative, CCI also made the business case to keep the internet open, unfragmented and secure at this year’s event in Katowice, Poland.

6. Resolve disputes around the world

Claudia Salomon made history on July 1, 2021, become the first female president the ICC International Court of Arbitration, a movement that won a better development in international arbitration award. Among the other key achievements of the ICC Dispute Resolution Services in 2021, the ICC Court announcement in january that he had filed a record number of 946 new arbitration cases in 2020, while in May, the ICC was named the world’s most preferred arbitration institute in a large global survey.

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