International Chamber of Commerce: Difference between revisions
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'''ICC''' | '''ICC''', or the '''International Chamber of Commerce''', is the voice of businesses worldwide, working towards the enhancement of economic growth, job creation and overall prosperity of businesses globally. The ICC carries out a host of activities, from imposing business self-regulation, to promoting open trade and market system, to working towards eliminating corruption and crime from the commercial world. | ||
ICC carries out a host of activities | |||
It has direct access to the national governments of | It has direct access to the national governments of countries around the world through their national economics committees. It has a Paris-based international secretariat, who keeps a watch on the latest happenings in the business world that have a direct impact on the business operations and feeds them into intergovernmental organizations.<ref name="link">[http://www.iccwbo.org/id93/index.html iccwbo.org/id93/index.html]</ref> | ||
The ICC World Council is similar to a general assembly of many intergovernmental organizations. The only thing, which sets ICC apart, is that their delegates are mostly business executives and not government bureaucrats. The Council is the ICC’s supreme governing body whose members are delegated by the various national Committees, who meet twice every year. Ten members from, countries that don’t have national committees are also invited to participate in the Council’s functions. <ref>[http://www.iccwbo.org/id96/index.html iccwbo.org/id96/index.html]</ref> | The ICC World Council is similar to a general assembly of many intergovernmental organizations. The only thing, which sets ICC apart, is that their delegates are mostly business executives and not government bureaucrats. The Council is the ICC’s supreme governing body whose members are delegated by the various national Committees, who meet twice every year. Ten members from, countries that don’t have national committees are also invited to participate in the Council’s functions. <ref>[http://www.iccwbo.org/id96/index.html iccwbo.org/id96/index.html]</ref> | ||
Revision as of 07:20, 2 April 2011
ICC, or the International Chamber of Commerce, is the voice of businesses worldwide, working towards the enhancement of economic growth, job creation and overall prosperity of businesses globally. The ICC carries out a host of activities, from imposing business self-regulation, to promoting open trade and market system, to working towards eliminating corruption and crime from the commercial world.
It has direct access to the national governments of countries around the world through their national economics committees. It has a Paris-based international secretariat, who keeps a watch on the latest happenings in the business world that have a direct impact on the business operations and feeds them into intergovernmental organizations.[1]
The ICC World Council is similar to a general assembly of many intergovernmental organizations. The only thing, which sets ICC apart, is that their delegates are mostly business executives and not government bureaucrats. The Council is the ICC’s supreme governing body whose members are delegated by the various national Committees, who meet twice every year. Ten members from, countries that don’t have national committees are also invited to participate in the Council’s functions. [2]
History
The International Chamber of Commerce was founded in the year 1919 with a sole motive of enhancing the world business by promoting trade and investment, supporting open markets for goods and services and ensuring a free flow of capital all around the world. Its first President, Etienne Clementel, a former French Minister of Commerce, was instrumental in providing the ICC the much needed force in the initial days after its formation. It was under Clementele’s era that the ICC established its international secretariat in Paris. Clementele also played a major role in establishing the ICC International Court of Arbitration in the year 1923. There has been a substantial amount of evolution in the functioning of the ICC since the early post-war days when several business leaders from all the allied nations met for the very first time in Atlantic City. Earlier, the original clique of ICC comprised of private sectors of countries such as Britain, Belgium, Italy, France and the United States of America. This small clique has now become a global business organization consisting mostly of influential companies representing every major secondary and tertiary economic sector and thousands of member companies and associations from 120 countries around the world.[1]
Commissions
Several business associations and member companies participate in the work of the ICC commissions. These commissions are the backbone of the ICC, consisting of more than 500 business experts who give most of their valuable time to help ICC in framing policies and broaden its rules. The main function of the commission is to evaluate the proposed national and international government initiatives, which have direct impact on the subject areas which the ICC is concerned of. The commissions also prepare the ICC’s stance and business positions and submit them to the international governments and organizations. Some of the most important commissions of ICC are listed below:
- Anti-Corruption
- Arbitration
- Banking Technique and Practice
- Business in Society
- Commercial Practice
- Competition
- Customs and Trade Regulations
- E-business, IT and Telecoms
- Environment and Energy
- Financial Services and Insurance
- Intellectual Property
- Marketing and Advertising
- Taxation
- Trade and Investment Policy
- Transport and Logistics[3]
Relation with ICANN
The International Chamber of Commerce (ICC) has commended several efforts of the Internet Corporation for Assigned Names and Numbers (ICANN) in the arena of DNS. Considering the reliance of businesses across all the sectors on stable, consistent and secure functioning of DNS, the ICC has from time-to-time raised awareness and has endeavored in engaging comprehensive businesses in ICANN activities. [4]