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The merchants of peace
Transcript of The merchants of peace
ICC commissions are specialized working bodies composed of business experts who examine major issues of interest to the business world.
ICC is dedicated to business self-regulation and has developed a large array of voluntary rules, guidelines and codes to facilitate business and to spread best practice.
ICC issues products including the Uniform Customs and Practice for Documentary Credit, the most widely used set of rules in trade finance. ICC has also been publishing a set of international rules for the interpretation of trade terms, called Incoterms®, since 1936.
The merchants of peace
In 1919, a handful of entrepreneurs decided to create an organization that would represent business everywhere.The group of industrialists, financiers and traders were determined to bring economic prosperity to a world that was still reeling from the devastation of World War I. They founded the International Chamber of Commerce and called themselves "the merchants of peace".
The world had few working international structures in the immediate aftermath of the first of the 20th century's global conflicts. There was no world system of rules to govern trade, investment, finance or commercial relations.In the 1920s, ICC focused on reparations and war debts. Then the disastrous Smoot-Hawley tariff in the United States set the scene for the economic nationalism of the 1930s. ICC struggled through those years of depression to hold back the tide of protectionism as another world war loomed.
ICC is and has been throughout its long existence a rallying point for that strengthening commercial ties among nations is not only good for business but good for global living standards and good for peace.
ICC provides a forum for businesses and other organizations to examine and better comprehend the nature and significance of the major shifts taking place in the world economy.
Over the years, ICC has taken a central role in international trade and business. It forges international rules, mechanisms and standards that are used every day throughout a vastly more complex world than that of 1919.
The original nucleus of businessmen from five countries has expanded to become a world business organization with hundreds of thousands of member companies in more than 120 countries. Members include many of the world's biggest multinationals as well as small- and medium-sized companies.
From the very beginning, ICC spoke out on behalf of business in making representations to governments and intergovernmental organizations.
Today, 13 ICC commissions comprising experts from the private sector cover specialized fields of immediate concern to international business.
1933-ICC issued the first version of its Uniform Customs and Practice for Documentary Credits.
1936 - Incoterms.
1946 -ICC was awarded the highest level consultative status with the United Nations (UN).
1980-ICC Commercial Crime Services.
ICC Executive Board
The Executive Board is responsible for developing and implementing ICC's strategy, policy and programme of action and for overseeing the financial affairs of the world business organization.
In particular, it is responsible for recommending to the ICC World Council the appointment of the ICC Chairmanship and Secretary General as well as approving all policy documents.
The Board is composed of ex-officio members and elected members, who serve for a three-year term. The Chairmanship and Secretary General are also members.
Chairmanship and Secretary General
The ICC World Council elects the Chairman and Vice-Chairman for two-year terms. The Chairman, his immediate predecessor and the Vice-Chairman form the Chairmanship. The Secretary General heads the International Secretariat and works closely with national committees to carry out ICC's work programme. The Secretary General is appointed by the World Council upon the recommendation of the Executive Board.
The World Council, is the supreme authority of ICC. The Council ensures the implementation of the provisions of the ICC Constitution and Charter and exercises all the prerogatives with which it is vested.
The ICC World Council is the equivalent of the general assembly of a major intergovernmental organization. In this case however, the delegates are business executives and not government officials.
Arbitration and ADR
Commercial Law and Practice
Corporate Responsibility and Anti-corruption
Commission on Customs and Trade Facilitation
Group on Economic Policy
Environment and Energy
Marketing and Advertising
Trade and Investment Policy
Dispute Resolution Services
Commercial Crime Services
World Chambers Federation
Institute of World Business Law
Training and Conferences
Policy and Business Practices
ICC Research Foundation
Products and services
Arbitration and ADR
ICC Arbitration is a flexible and efficient dispute resolution procedure leading to binding and final decisions subject to enforcement worldwide.
ICC to act as appointing authority
Pre-Arbitral Referee procedure
Amicable Dispute Resolution (ADR)
Introduction to ICC DOCDEX
Fighting Commercial Crime
ICC combats all types of crime affecting business, from piracy on the high seas and trade finance fraud to counterfeiting and cybercrime.
Counterfeiting Intelligence Bureau
Financial Investigation Bureau
IMB Piracy Reporting Centre
International Maritime Bureau
Resisting Extortion and Solicitation in International Transactions (RESIST)
ICC Anti-corruption Clause
ICC Antitrust Compliance Toolkit
Tools for trade
ATA Carnet Directory
ICC Trade Register
Green Economy Roadmap
Open Markets Index
ICC Banking Commission Market Intelligence
Guide to Responsible Sourcing
ICC works with international organizations of all sizes on a host of policy subjects.
• By tapping into the knowledge and experience of its vast global network of practitioners and experts, ICC takes pole position as a relevant and credible thought leader when it comes to issues relating to international commercial practice.
• From providing economic forecasts to commissioning independent research, ICC leads the way on a range of issues pertinent to worldwide businesses, governments, intergovernmental organizations and academics.
• ICC’s influence today is built on a long history of thought leadership that dates back to its involvement with to the League of Nations in the 1920s and 1930s.
• Today some 2,000 experts voluntarily lend their expertise to ICC policy positions, standards, rules and other instruments.
• Whether writing rules for business self-regulation or staging events that offer an exceptional level of analysis and debate, ICC can be relied upon to contribute effectively to an open world economy and the improvement of living standards around the globe.
Working with international organizations
Since the 1940s, ICC has engaged in a broad range of activities with the United Nations (UN), the World Trade Organization (WTO), the World Intellectual Property Organization (WIPO), and many other intergovernmental bodies.