International Chamber of Commerce

Last updated
International Chamber of Commerce
AbbreviationICC
NicknameThe World Business Organization
Formation1919;105 years ago (1919) [1]
Founded at Atlantic City
Type NGO
PurposeEnable business worldwide to secure peace, prosperity and opportunity for all.
Headquarters Paris, France
Coordinates 48°51′51″N2°17′32″E / 48.864112°N 2.292307°E / 48.864112; 2.292307
Region served
International
Official language
English, French, Spanish
Secretary General
John W.H. Denton AO
Affiliations
Website iccwbo.org

The International Chamber of Commerce (ICC; French: Chambre de commerce internationale) is the largest, most representative business organization in the world. [2] ICC represents over 45 million businesses in over 170 countries who have interests spanning every sector of private enterprise.

Contents

ICC's current chair is Philippe Varin [3] and John W.H. Denton AO is the current Secretary General.

ICC has three main activities: rule setting, dispute resolution, and policy advocacy. Because its member companies and associations are themselves engaged in international business, ICC has unrivalled authority in making rules that govern the conduct of business across borders. Although these rules are voluntary, they are observed in thousands of transactions every day and have become part of international trade.

A world network of national committees in over 90 countries advocates business priorities at national and regional level. More than 5,000 experts drawn from ICC's member companies feed their knowledge and experience into crafting the ICC stance on specific business issues through specialised ICC Policy Commissions.

ICC is the only business organisation to have Observer Status at the United Nations General Assembly, and is a representative voice for business at the World Trade Organization, and many other intergovernmental bodies, both international and regional, such as G20 [4] on behalf of international business. ICC was the first organization granted general consultative status with the United Nations Economic and Social Council and UN Observer Status. [5]

History

The International Chamber of Commerce was founded in 1919 to serve world business by promoting trade and investment, open markets for goods and services, and the free flow of capital. Its international secretariat was established in Paris and its International Court of Arbitration in 1923. Its first chairman was French Minister of Finance Étienne Clémentel.

The first chairman of the International Chamber of Commerce, Etienne Clementel Etienne-Clementel.jpg
The first chairman of the International Chamber of Commerce, Étienne Clémentel

Membership

Membership is gained through affiliation with an ICC national committee or via direct application to the ICC International Secretariat. [6]

Governing bodies

World Council

ICC's supreme governing body is the World Council, consisting of representatives of national committees. The World Council elects ICC's highest officers, including the chair and the vice-chairs, each of whom serves a three-year term. The chair, Vice-chair and the Honorary Chair (the immediate past chair) provide the organization with high-level leadership.

Executive board

Strategic direction for ICC is provided by its executive board, consisting of up to 30 business leaders and ex-officio members. It is elected by the World Council on the recommendation of the Chairmanship. Meeting three times a year, the executive board oversees the establishment of ICC's strategic priorities and the implementation of its policies.

International Secretariat

The ICC Gloabl Headquarters, based in Paris, is the operational arm of ICC. It develops and carries out ICC's work programme, feeding business views into intergovernmental organizations on issues that directly affect business operations. The International Secretariat is led by the Secretary General, who is appointed by the World Council.

National committees

In over 90 of the world's nations, members have established formal ICC structures called national committees. In countries where there is no national committee, companies and organizations such as chambers of commerce and professional associations can become direct members.

Finance Committee

The Finance Committee advises the executive board on all financial matters. On behalf of the executive board, it prepares the budget and regularly reports to the board. It reviews the financial implications of ICC activities and supervises the flow of revenues and expenses of the organization.

Dispute resolution services

ICC's administered dispute resolution services help solve difficulties in international business. ICC Arbitration is a private procedure that leads to a binding and enforceable decision.

The International Court of Arbitration of the International Chamber of Commerce steers ICC Arbitration and has received over 28,000 cases since its inception in 1923. [7] Over the past decade, the court's workload has considerably expanded.

The court's membership has also grown and covers 85 countries and territories. With representatives in North America, Latin and Central America, Africa and the Middle East and Asia, the ICC Court has significantly increased its training activities on all continents and in all major languages used in international trade.

ICC Dispute Resolution Services exist in many forms:

Expedited or 'fast-track' arbitration procedures automatically apply where disputes are worth US$2 million or less, if the arbitration agreement was made after 1 March 2017, unless the parties have specifically opted out of the expedited procedure in their agreement. [8]

Policy and business practices

ICC policies, rules and standards are prepared by specialized working bodies. Normal procedure requires policy statements first to be adopted by a commission, in consultation with national committees, and then approved by the executive board, before they can be regarded as official and public ICC positions.

Commissions examine major policy issues of interest to world business. Each national committee (NC) or group may appoint delegates to represent it at meetings. Officers are appointed by the chairman and Secretary General in consultation with NCs. Meetings of commissions are normally held twice a year.

Task forces are constituted under the various commissions for a limited period to undertake specific projects and report back to their parent commission. Some task forces may include representatives of more than one commission. [9]

Code of Advertising and Marketing Communication Practice

The ICC Code of Advertising and Marketing Communication Practice, underpins global advertising and marketing around the globe. This Code sets ethical standards and guidelines for businesses using today's rapidly changing technology, tools and techniques to market products and services. Developed by experts from all sectors of industry and all regions of the world, the code's purpose is to protect consumers by setting out guidelines for responsible marketing.

The Code is structured in two main sections—General Provisions and Chapters. The General Provisions section contains fundamental principles and other broad concepts that apply to all marketing in all media. Code Chapters are detailed and apply to specific marketing areas, including: Sales Promotion, Sponsorship, Direct Marketing, Digital Media and Environmental Marketing Claim. [10]

World Chambers Federation

In 1951, ICC established the World Chambers Federation (WCF), formerly the International Bureau of Chambers of Commerce. WCF is the unique global forum uniting the worldwide network of chambers of commerce and industry. [11] It aims to connect and inspire chambers and facilitate the exchange of best practice and the development of new global products and services for chambers, and foster international partnerships between chambers and other stakeholders to help local businesses grow. [12] WCF is a non-political, non-governmental body, with its membership comprising local, regional, national, bilateral and transnational chambers of commerce, as well as public-law and private-law chambers.

WCF was established by ICC and its chamber members following a resolution at the conclusion of the World Congress of Chambers of Commerce (Rome 1950). At its inaugural committee meeting held in Paris in December 1950, WCF was to be first known as the International Information Bureau of Chambers of Commerce. As its role expanded and grew during the 1960s, its name changed to become the International Bureau of Chambers of Commerce and by June 2001, it became known as the World Chambers Federation.

WCF also organizes the World Chambers Congress Archived 2016-11-13 at the Wayback Machine every two years in a different region of the world. The Congress is the only international forum for chamber leaders and professionals to share best practices, exchange insights, develop networks, address the latest business issues affecting their communities, and learn about new areas of innovation from chambers around the world.

During the Congress, WCF also announces the winners of World Chambers Competition Archived 2016-11-03 at the Wayback Machine , the only global awards program to recognize the most innovative projects undertaken by chambers of commerce and industry from around the world.

Training and events

Staged all over the world, ICC events range from large topical conferences to training sessions for small groups. These smaller courses share ICC's expertise on commercial arbitration and dispute resolution mechanisms as well as ICC's trade tools including Incoterms rules, Uniform Customs and Practice for Documentary Credits (UCP) and international contracts. [13]

The ICC Academy is the training arm of the International Chamber of Commerce and delivers online certification and professional development services to meet the educational needs of banks, corporate and other organizations at the forefront of international trade. The specialized programs, e-courses and certifications are designed by the International Chamber of Commerce's experts and practitioners. [14]

Publications

ICC Publications is the publishing arm of the International Chamber of Commerce providing business with essential resources in three broad categories: ICC rules and guidelines, practical commentaries, and reference works. The content of ICC's publications is derived from the work of ICC commissions, institutions and individual international experts.

ICC publishes mainly for international lawyers, arbitrators, bankers, traders and students covering topics such as international banking, international trade reference and terms, law and arbitration, counterfeiting and fraud and model commercial contracts. The best-known publications, Uniform Customs and Practice for Documentary Credits and Incoterms, have been translated into more than 30 languages.

ICC offers its publications not only in the traditional paper format, but also in electronic format, eBooks, on the ICC Store. [15]

Commercial Crime Services

ICC Commercial Crime Services (CCS) provides the world business community with a centralized commercial crime-fighting body. It draws on the resources of its members in the fight against commercial crime on many fronts.

From its base in London, and comprising three distinct bureaux, CCS operates according to two basic principles: to prevent commercial crime and to investigate and help prosecute criminals involved in commercial crime.

The specialized divisions of CCS are: [16]

Special projects and initiatives

Business Action to Support the Information Society

ICC set up BASIS (Business Action to Support the Information Society) in mid-2006 to speak out on a wide range of critical issues, including: [19]

Commission on Anti-Corruption

The ICC's Rules of Conduct aim to "place an efficient and well-run integrity programme" to deal with corruption, extortion and bribery.

The ICC's Commission on Anti-Corruption first published "Fighting Corruption, A Corporate Practices Manual" in 1999; the manual provides "detailed practical guidance for compliance with the ICC Rules of Conduct and the OECD Convention". [20] The rules take account of the United Nations Convention Against Corruption signed in Mérida, Mexico on 9 December 2003. [21] There are nine rules of conduct for business "of a general nature", to be accepted on a voluntary basis and applied through self-regulation within the context of the national laws on bribery which apply to each business. [22] The ICC sees its role, and the function of its Commission on Anti-Corruption, to "promote the widest possible use of the Rules". [23]

United Nations representation

Since 1946, ICC has held top-level consultative status with the United Nations and a close working relationship with its specialized agencies. The current ICC Permanent Representative to the UN is Sabrina Klayman. December 2016 the International Chamber of Commerce was granted Observer status by the General Assembly of the United Nations on the basis of General Assembly Resolution (A/RES/71/156) [24] On 13 December 2016, ICC was granted Observer Status by 193 members of the UN General Assembly. ICC took up its position as Observer to the General Assembly on 1 January 2017.

Research foundation

See also

Related Research Articles

The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various stages of the transaction. They are widely used in international commercial transactions or procurement processes and their use is encouraged by trade councils, courts and international lawyers. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. Incoterms inform sales contracts defining respective obligations, costs, and risks involved in the delivery of goods from the seller to the buyer, but they do not themselves conclude a contract, determine the price payable, currency or credit terms, govern contract law or define where title to goods transfers.

The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States. It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries. As of May 2016, 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention.

<span class="mw-page-title-main">Arbitration</span> Method of dispute resolution

Arbitration is a formal method of dispute resolution involving a neutral third party who makes a binding decision. The third party neutral renders the decision in the form of an 'arbitration award'. An arbitration decision or award is legally binding on both sides and enforceable in the courts, unless all parties stipulate that the arbitration process and decision are non-binding.

ICC International Court of Arbitration is an institution for the resolution of international commercial disputes. It operates under the auspices of the International Chamber of Commerce and consists of more than 100 arbitrators from roughly 90 countries.

<span class="mw-page-title-main">ATA Carnet</span> International customs document

The ATA Carnet, often referred to as the "Passport for goods", is an international customs document that permits the tax-free and duty-free temporary export and import of nonperishable goods for up to one year. It consists of unified customs declaration forms which are prepared ready to use at every border crossing point. It is a globally accepted guarantee for customs duties and taxes which can replace the security deposit required by each customs authority. It can be used in multiple countries in multiple trips up to its one-year validity. The acronym ATA is a combination of French and English terms "Admission Temporaire/Temporary Admission". The ATA carnet is now the document most widely used by the business community for international operations involving temporary admission of goods.

The United States Council for International Business (USCIB) is an independent business advocacy group that was founded in 1945 to promote free trade and help represent U.S. business in the then-new United Nations. One of its primary goals is expanding market access for U.S. products and services abroad. The organization is strongly in favor of open markets and sensible regulation.

International Commercial Law is a body of legal rules, conventions, treaties, domestic legislation and commercial customs or usages, that governs international commercial or business transactions. A transaction will qualify to be international if elements of more than one country are involved.

The Arbitration Roundtable of Toronto is made up of several litigators, academics, arbitrators, and mediators from the Greater Toronto Area. The group promotes arbitration as an alternative method of conflict resolution over litigation, especially in commercial suits. Members include commercial litigators from Toronto law firms including some of the Seven Sisters of Bay Street. Each member has experience and interest in promoting commercial Arbitration. The group dedicates its time to encouraging this form of Dispute resolution through seminars, papers, and talks.

Jan Åke Ramberg was a Swedish lawyer and professor emeritus specialising in commercial law, and national and international arbitration court judge. Ramberg was also a member of the International Arbitration Court of London.

<span class="mw-page-title-main">Jean-Paul Béraudo</span>

Justice Jean-Paul Beraudo is a lawyer, academic and author of legal works. He was Justice at the French Supreme Court and vice-chairman of the International Court of Arbitration. He lectures on International Private Law and International Trade Law at Panthéon-Sorbonne University and on Company law at Sciences-Po, Paris. The International Institute for the Unification of Private Law (UNIDROIT) appointed him correspondent for France and a member of the scientific committee.

The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit non-governmental institution, established to facilitate economic growth and development in the country. ICCIMA is a forum in the field of industries, mines and agriculture.

<span class="mw-page-title-main">Chamber of Commerce and Industry of the Russian Federation</span>

The Chamber of Commerce and Industry of the Russian Federation is a non-governmental, non-profit organization that operates under the Russian Federation Law on Chambers of Commerce and Industry in the Russian Federation and the Chamber's Charter and represents the interests of small, medium-size, and big businesses encompassing all business sectors—manufacturing, domestic and foreign trade, agriculture, the finance system, and the services. Chaired by Sergey Katyrin.

The Arab Chamber of Commerce and Industry (ARABCCI) or (ArabCham) in Hong Kong was established in 2006 to promote commercial ties between Hong Kong and Greater China with the Arab world. The Arab Chamber of Commerce is a not for profit organisation, The President is Edwin Hitti.

<span class="mw-page-title-main">Serbian Chamber of Commerce</span>

The Chamber of Commerce and Industry of Serbia is independent, modern and responsible non-budget institution, the national association of all Serbian businesses which its tradition, experience, and knowledge put in the best interest of its members and the economy of Serbia. To establish Serbia as a country with great investment potential, free market economy and open borders, a country prepared to be competitively integrated into the European mainstream. A century and a half long tradition of the chamber system of Serbia and widely spread chamber network encompassing sixteen Regional Chamber of Commerce, two Provincial Chambers, Belgrade Chamber of Commerce and Industry and nine representative offices abroad are supporting economy and the business community.

<span class="mw-page-title-main">Janet Walker</span>

Janet Walker is a Chartered Arbitrator with offices in Toronto, Canada, London, England and Sydney, Australia. She is a Canadian scholar and author in the fields of Private International Law and Civil Procedure at Osgoode Hall Law School. She is also a Distinguished Research Professor at York University. Walker is married to Australian lawyer and international arbitrator, Doug Jones AO.

David W. Rivkin is an independent arbitrator affiliated with Arbitration Chambers. For more than 40 years, Mr. Rivkin practiced private and public international law at Debevoise & Plimpton LLP, where he served as co-chair of its International Dispute Resolution Group for more than 20 years and was a founder of its Business Integrity/ESG Group. He now serves as a full-time arbitrator and mediator, focusing on complex international commercial arbitrations and investor-state disputes.

The International Certificate of Origin Guidelines is a set of global guidelines on the issuance of Certificates of Origin published by the International Chamber of Commerce, in Paris, France, rolling out in 2021-2025 and beyond. It "aims to provide chambers of commerce and exporters with updates on new processes, including digitisation of the CO [Certificate of Origin] process". The ICC represents more than 45 million companies in over 100 countries These Guidelines cover Certificates of Origin as used in international trade, as opposed to any other purpose.

J. Martin Hunter was a British solicitor specializing in arbitration. He was an emeritus professor at Nottingham Trent University and was a visiting lecturer, fellow or professor at various universities around the world. He died on 9 October 2021.

<span class="mw-page-title-main">Danela Arsovska</span> Macedonian politician (born 1979)

Danela Arsovska is a Macedonian politician and academic and the mayor of Skopje since 2021. In 2014, she was elected as President of the Macedonian Chambers of Commerce, which is the union of national chambers of commerce, promoting economic cooperation on national and international level based on principles of free trade and fair competition. She was appointed Chair of the Macedonian Union of Employers' Organizations in 2015.

The Islamic Chamber of Commerce, Industry, and Agriculture (ICCIA) is an international organization that represents the private sector of 57 Islamic countries. It was established in 1977 in Karachi, Pakistan, and has regional offices in several countries. The ICCIA aims to promote trade, investment, and cooperation among Islamic countries. It also provides services to its members, such as market research, legal advice, and trade promotion.

References

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