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In late 2019, the first outbreak of what has now become known globally as the Coronavirus Disease 2019 (COVID-19) was reported. On 11 March 2020, the COVID-19 outbreak was categorised by the Director-General of the World Health Organization (WHO) as a pandemic.
The speed with which the pandemic crosses borders demands an urgent and agile response in relation to the international movement of goods in general and essential medical equipment and food supplies in particular. The World Customs Organization (WCO) and the International Chamber of Commerce (ICC) call for a coordinated Customs response to the COVID-19 crisis, including through active participation in multilateral efforts and an open dialogue with neighbouring countries.
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Around 80% of world trade relies on trade finance—a market that has proven particularly vulnerable to previous financial shocks. Reduced access to reliable, adequate, and cost-effective sources of trade financing...
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ICC endorses no responsibility in this guidance paper which is aimed only at sharing practical views and guidance from experts in the management of Trade Finance transactions during this exceptional...
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ICC is calling on national governments to create a modern digital trade ecosystem by reforming laws to digitise trade documentation and align legal frameworks to the UNCITRAL Model Law on...
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