ICC was created in 1919 by a handful of entrepreneurs to: promote cross-border trade and investment and the multilateral trading system represent business all over the world. ICC’s mission. ICC has hundreds of thousands of members in 130 countries:
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promote cross-border trade and investment and the multilateral trading system
represent business all over the worldICC’s mission
Companies Of all sizes and from all sectors
Chambers of commerceRegional, national and local
Business associations National and sectoral
and worldwide offices in over 90 countriesICC members
Examples of some well-known ICC members from different sectors:
Even small businesses look to export markets: global networks can help
Improved communications make information on markets and opportunities more easily available
Networks being increasingly used in business as basis for marketing, innovation, new business modelsWhy global networks?
International trade transactions
Policy frameworksTools and frameworks
Standard trade definitions most commonly used in international sales contracts e g . EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid), and CPT (Carriage Paid To)
Devised by ICC using network of trade specialists and interested parties
Since 1936, updated six times to keep pace with the development of international trade. Current version: Incoterms 2000 (being revised).International trade transactions (1)
Developed by ICC network of lawyers and experts
Neutral framework for international contracts : even-handed agreement acceptable to both sides ; no bias for any one particular legal system
Examples: Global sourcing ; Commercial Agency; Confidentiality; Distributorship; Franchising; Mergers and Acquisitions;International Sales; Share Purchase; Intermediaries Selective Distributorship; Electronic Contracting; Trademark Licence; Technology Transfer; SubcontractingInternational trade transactions (2)
Letters of credit used in international trade
transactions to ensure payment and contract performance
ICC through network of trade finance specialists has issued standardized rules Uniform Customs and Practice for Documentary Credits
Regular revisions by ICC: current version is UCP600International trade transactions (3)
International customs document
Permits duty-free and tax-free temporary import of goods for up to one year.
Covers commercial samples, professional equipment, goods for presentation or use at trade fairs, exhibitions
Network of customs authorities and national issuing organizations coordinated by ICC-WCFCustoms facilitation (1)
Attests that goods in a particular export
shipment are wholly obtained or produced or manufactured or processed in a particular country (country of origin).
Important to determine what duty will be assessed on the goods or whether goods may be legally imported.
Issued by network of chambers of commerce and trade associations
ICC World Chambers Federation International Certificate of Origin Guidelines : first international procedures and guidelines manualCustoms facilitation (2)
In 1921, ICC network of businesses realized need to create alternative dispute settlement procedures for businesses trading internationally
ICC dispute settlement services : trusted system created by a business network for businesses
Mediation, arbitration, conciliationDispute resolution
national, regional and international rules
Rules have important effects on business and market access eg trade, investment,intellectual property, tax, competition, environment, customs, transport, marketing, e-business
Networks of businesses work with governments to help shape these rules: ICC (international/multisectoral eg UN, WTO etc); chambers of commerce and trade/professional associations (sector specific issues and national/regional level)Policy framework
Brings together nearly 2000 chamber and
business representatives from over 100 countries
Excellent networking platform and exhibition space
Focus on role of women in business
and intellectual propertyWorld Chambers Congress
growth and change
World Chambers Network website platform for exchange of business information between chambers and their member companies worldwide
The Global Business Exchange (GBX) – business opportunities from member chambers worldwide on easy-to-search online database.
Partnership with Openentry – market access for SMEs.
International trade information - country reports, trade and customs information, etc. produced by chambers of commerce, and available online.Electronic marketplaces/info exchange
ICC IP tool-kit for chambers – listing of types of IP support offered by different chambers around the world
Helps businesses identify
chambers that can help them
Helps chambers set up their own initiativesChambers IP programmes
Website rich source of information
IP guidelines for business:
what businesses can do to protect their own creativity and innovation and lower the risk of using counterfeit materials or infringing other companies’ IP rights
BASCAP supports local groups and initiatives in different countriesCounterfeiting and piracy