“The World Business Organization”

What is ICC? • The International Chamber of

Commerce is the largest business organization in the world

• ICC provides a forum for businesses & organizations to work together to examine the nature of the major shifts taking place in the world economy

• Representatives from several different countries around the world discuss issues related to international business events

When was it formed?• ICC was formed in 1919 by a group of

industrialists, financiers, and traders. They called themselves “the merchants of peace”

• They were determined to bring economic prosperity after WW1 had just devastated the world

• ICC started off with representatives from just 5 countries

• ICC’s headquarters are located in Paris, France

Main Purpose

• Created to serve world business by promoting trade & investment and open markets for goods & services

• Keeps the United Nations, World Trade Organization, etc. in touch with the views of international business

• ICC make’s rules conducted towards business across the borders. These rules are voluntary but are observed in business transactions & have become part of international trade

• Represents companies & business organizations of all sizes & in every region of the world

Three main activities : Dispute resolution Rule setting Policy advocacy

How ICC Works

• Cross border trade & investment- The Commission on trade & investment policy examines issues in business to sustain the economic recovery, job creation & sustainable development

• “The Commission” which is members from over 35 different countries meet twice a year sometimes including members from WTO &OECD

• Nomination- Each national committee or group may appoint delegates to represent at the meetings

• Twice a year there is a summit gathering which includes 300 international delegates

• ICC Banking Commission organizes regular seminars & conferences around the world during the year

Members

• Currently there are over 180 members from more than 120 countries who meet to discuss world issues & events

• Each country involved with the ICC has their own chamber of commerce- ICC Austria, ICC Canada, ICC India, which has their own board of members

• To become a member :

1) Through affiliation with an ICC national committee or group

2) By direct membership with the ICC International secretariat when a national committee/group hasn’t been established in your country

ChairRichard PAYETTE

President and Chief Executive OfficerPerrin BEATTY

Executive Vice PresidentMichel BARSALOU

Communications AgentAngela ROY

Africa: Algeria, Egypt, Ghana, Morocco, Nigeria, South Africa, Tunisia

Americas: Argentina, Bolivia, Brazil, Canada, Caribbean, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Guatemala, Mexico, Panama, Paraguay, USA, Uruguay, Venezuela

Asia/Pacific: Australia, Bangladesh, China, Chinese Taipei Business Council, Hong Kong, India, Indonesia, Japan, Korea, Macao, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Thailand

Europe: Albania, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Lithuania, Luxembourg, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom

Middle East: Bahrain, Israel, Iran, Jordan, Kuwait, Lebanon, Palestine, Qatar, Saudi Arabia, Syria, UAE

Funding

• ICC is funded by partnerships with the ICC National Committees & other sponsors

• Some of their 2014 sponsors include Go Socket, Trustweaver, Shell, etc.

• They are always looking for new sponsors

History

• There were no system of rules to govern trade, investment, finance or commercial relations in the early 20th century due to ww1 which led to the idea of the ICC- an organization to represent business everywhere

• President of the French ICC, Etienne Clementel established the international secretariat position & the international court of Arbitration in 1923

• In the 1920s they focused on reparations & war debts

• In 1946 ICC was awarded the highest level consultative status by the UN & since then has represented the private sector by engaging in a number of activities with the UN

• Today, they focus on subjects such as banking techniques, taxation, competition law, intellectual property rights, telecommunications technology & international investment & trade policy

Current Events • 6 actions the ICC is taking to prepare

for the G20 summit :

1)Pressed for the inclusion of business views at the highest level

2)Developed constructive & actionable policy recommendations

3)Achieved leadership positions on major G20 task forces

4)Tapped into the global network to understand what matters

5)Platform for continuity in the process between summits

6)Represent the views of top business leaders & CEO’s

ICC is preparing their G2O advisory group for the summit to make important contributions to the process on behalf of business

ICC agrees on SCF terms the goal of the Supply Chain Financing is to determine a system to regulate &

synchronize market terminology for global supply chain finance products & services

•2015 • ICC Banking Commission Annual Meeting 20 – 24 April, 2015 Singapore

• Supply Chain Finance Conference – 4th Edition TBC (Fall), 2015 Paris, France ICC Banking Commission Technical Meeting TBC (Fall), 2015 Paris, France

Advantages of becoming a member

• ICC members get access to the corridors of power. As ICC members, company executives are in contact with ministers and international officials at the heart of intergovernmental groups such as the G20 and the United Nations.

• ICC members gain influence at the international and national level through ICC’s network of national committees and groups.

• ICC members stay connected to a network of the world’s most influential and dynamic companies – of all sizes and in all sectors – forging high-level business relationships at exclusive events.

• ICC members get news of developments in policy, law and regulation at an early stage, winning time to make the right decisions for their business.

• ICC members help write the rules that business uses every day to reduce costs and uncertainties in areas from arbitration to banking and commercial contracts.

• ICC members regularly build skills and receive discounts on ICC publications, trainings and conferences around the world.

• http://en.wikipedia.org/wiki/International_Chamber_of_Commerce

• http://www.iccwbo.org/about-icc/history/

• http://www.iccwbo.org/about-icc/

• http://www.iccwbo.org/worldwide-membership/benefits/