New report highlights enormous progress of Thailand and UK digital trade partnership to deliver a cheaper, faster and simpler trade framework for SMEs
G7 Countries Must Follow UK Lead on Digital Trade and "Put a Rocket" under COVID Recovery
Currently, international trade relies on billions of paper documents and antiquated laws which date back to the sixteenth century. An ordinary trade transaction involves up to 27 documents, can take three months and can cost businesses up to £80,000 – creating an administrative nightmare and keeping costs unsustainably high for SMEs.
According to new research from International Chamber of Commerce (ICC), digitalising trade would drive SME growth and put a rocket under the economic recovery from Covid.
THE SUSTAINABLE DEVELOPMENT GOALS ARE A SOLUTION TO BUILDING BACK BETTER
THE SUSTAINABLE DEVELOPMENT GOALS ARE A SOLUTION TO BUILDING BACK BETTER
Over the last twelve months, Covid-19 has demonstrated just how inter-dependent our world is today. An issue in one part of the system can quickly escalate and disrupt the whole system if the right resilience mechanisms aren’t in place. Healthcare systems, economies, communities, families, trade relations, education, transport and consumer life have all been put under immense strain in the last year, to an extent which would have been unthinkable before the Covid-19 crisis.
The International Chamber of Commerce (ICC) appoints Paul Drechsler CBE as new Chairman
After five years in the role, Sir Michael Rake is standing down as Chairman of the International Chamber of Commerce (ICC) UK at the end of this year. ICC welcomes Paul Drechsler CBE, former Chairman of Bibby Line Group and former President of the Confederation of British Industry (CBI), as his successor
ICC Calls on Political, Institutional and Business Leaders to Shape the Future of UK International Engagement at its Upcoming Event, Going Global
ICC invites business leaders and government officials to join the discussion around the future of UK international engagement and the role of the private sector in shaping the global trading environment, in particular with the emerging markets, at its upcoming event – Going Global – which will take place at the Guildhall on 21st October 2019.
International Chamber of Commerce (ICC) releases Incoterms® 2020
The International Chamber of Commerce (ICC) has released Incoterms® 2020, the globally recognised trade terms for the sale of goods, providing certainty and clarity to business and traders everywhere.
ICC Incoterms® 2020: The rules are changing
Using the wrong ICC Incoterm when trading goods worldwide exposes companies to greater risk and cost in the form of lost goods or unnecessary disputes. This is why it is so important to understand ICC Incoterms® rules and use them correctly, so that companies can trade with one another safe in the knowledge they are following international best practice. Simple mistakes can be easily avoided if ICC’s unique international expertise and resources are made accessible to, and utilised effectively by, businesses.
Handing over to the next generation: John Beechey CBE steps down as Chair of ICC’s Arbitration programme and hands over leadership to Ania Farren, Managing Director at Vannin Capital.
John Beechey, one of the biggest names in international arbitration and former President of the ICC International Court of Arbitration, is retiring from his position as Chair of the International Chamber of Commerce's (ICC's) Arbitration programme in the UK, passing the torch on to his successor, Ania Farren, Managing Director of Vannin Capital. Ania will take up the reins, supported by Iain Quirk from Essex Court Chambers and Guy Pendell from CMS, whom we welcome as a new Vice Chair in the UK leadership team.