Publication of ICC Uniform Rules for Digital Trade Transactions (URDTT) Paper
New Global ICC Visual Identity Launched
World-leading Centre for Digital Trade and Innovation launched
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.
UK PLC AND THE INTERNATIONAL CHAMBER OF COMMERCE JOIN FORCES TO REVERSE BIODIVERSITY LOSSES
Private sector action to reverse the loss of biodiversity is “absolutely fundamental” to the UK’s post-pandemic economic recovery, a new cross-business forum will warn today.
bp plc, Barratt Developments plc, Skanska, and Balfour Beatty are among the founding companies of the UK Business & Biodiversity Forum (UKBBF), which has been set up ahead of the United Nations’ COP26 climate change conference in Glasgow this November and the UN COP15 Biodiversity conference in Kunming, China in May.