DO YOU KNOW WHAT IS THE INTERNATIONAL CHAMBER OF COMMERCE AND WHAT DOES IT DO?

If you are interested in the world of foreign trade, you have probably heard of the International Chamber of Commerce more than once. Surely you will know that it is some kind of entity in charge of giving protection to companies in terms of international trade operations, especially now that there is greater interdependence among nations.

But to be clearer about what the International Chamber of Commerce is and what it does, we have consulted our friends at iCustoms 24, the customs agency, to explain everything we need about this organization.

 

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WHAT IS THE INTERNATIONAL CHAMBER OF COMMERCE

The International Chamber of Commerce (ICC) is a global business organization, incorporated in France in 1919 with its own personality and associative juridical nature. It is the only representative association that speaks with the voice that emanates from companies of all sectors and from all countries of the world.

Today it brings together thousands of member companies, chambers of commerce and business associations from more than 130 countries. Its national committees, established in more than 90 countries, coordinate with their members to address the interests of the business community and to convey to their governments the business points made by the ICC.Its objective is to promote trade and investment among the world’s companies in different sectors, as well as help them to face each of the challenges and opportunities that globalization offers.Given its strength of representation, the ICC enjoys the status of a leading consultative body to the United Nations, its agencies and specialized agencies, and maintains a close and fluid relationship with other international organizations such as the World Trade Organization, the World Trade Organization Intellectual Property, the OECD, the International Monetary Fund and the World Bank, where it exposes the visions of the world of business and advocates for its interests.

 

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WHAT DOES THE INTERNATIONAL CHAMBER OF COMMERCE

The International Chamber of Commerce is moving in two broad areas of action: awareness and influence before international bodies that affect trade and investment, and the provision of useful services to companies.

In the first field, the Working Commissions, composed of business and professional representatives and receiving the contributions of the National Committees, are essential. Its meetings prepare the positions and statements to be adopted by the ICC. That is, therefore, the representative work of the ICC as «lawyer» of the companies.In its second aspect, to offer services that facilitate trade, the ICC has highlighted in:Compilation and formulation of uniform commercial uses for the whole world.
Elaboration of clauses or standard contracts.
Elaboration of a Charter of the Companies for a Sustainable Development.
Creation of a World Council of Industry for the Environment.
Offer the International Court of Arbitration to resolve disputes between operators from different countries.
International Commercial Crime Prevention Services.
The Institute for International Business Law, which organizes seminars and study days to deepen the knowledge of legal issues that affect the world’s economic activity more, such as air transport, intellectual property, audiovisual market, arbitration, etc.

 

International Chamber of Commerce

Soñadora e idealista pero con los pies en el suelo y con una visión muy clara de la realidad. Quizás sea toda una paradoja en sí misma que traduce en una insana curiosidad por todo lo que la rodea.