ICC Call To Action on COVID-19 and Competition
The coronavirus (COVID-19) global health crisis risks becoming a global economic crisis impacting businesses of all sizes worldwide and for the long term. It is undisputed that extraordinary public and private resources are necessary to address and mitigate the economic repercussions of the COVID-19 crisis.
At the national level, governments have already taken commendably bold steps and put in place short-term measures to buffer shocks to the health system, the economy and to financial markets. Some governments and competition agencies have intensified their monitoring of potentially anticompetitive conduct in critical sectors, such as the food, transportation and medical sectors, or have given guidance aimed at facilitating efficiency-enhancing cooperation between undertakings in the context of assuring the supply of essential products and services.
As the trusted institutional private sector partner to business, governments and international organisations, representing over 45 million companies in more than 100 countries, the International Chamber of Commerce (ICC) is developing tools for business and policymakers, in line with its commitment to help chart an effective international response to the pandemic.