ICC News

World Economic Climate Continues to Decline: ICC/Ifo Survey

The health of the world’s economy continues to deteriorate as insufficient demand, unemployment and the on-going debt crisis in Europe undermine recovery efforts, according to the latest findings from the ICC-Ifo World Economic Survey (WES). The ICC said that “based …

ICC Proposes Measures to Stimulate Global Economy

The International Chamber of Commerce has unveiled the initial recommendations of its Business World Trade Agenda initiative, aimed at stimulating the global economy by helping to move the World Trade Organization’s (WTO) multilateral trade negotiations out of an 11-year deadlock. …

2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report

According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend. Of the 439 attacks reported to …

Int’l Chamber of Commerce Survey: ‘World Economic Climate Has Worsened’

According to the World Economic Survey (WES), published by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo), “the world economic climate has worsened in the fourth quarter, as indicated by increasingly negative expectations from …

ICC Denounces Growing Protectionist Trend in G20 Countries

The Paris-based International Chamber of Commerce (ICC) has issued a statement urging G20 leaders to “keep markets open to trade, following worrying results from a recently released WTO-OECD-UNCTAD report that G20 countries are increasing protectionist measures.” The joint report by …

ICC Warns Doha Failure Would Have Dire Consequences for World Economy

The Paris-based International Chamber of Commerce (ICC) has issued a bulletin strongly supporting a call from the World Trade Organization (WTO) for a breakthrough in the Doha Round of talks in April, “if these crucial negotiations for lowering trade barriers …

ICC Says Impact of Counterfeiting/Piracy to Reach $1.7 trillion by 2015

A new report released from its Paris headquarters by the International Chamber of Commerce (ICC) indicates that the global economic and social impacts of counterfeiting and piracy will reach US$1.7 trillion by 2015 and put 2.5 million legitimate jobs at …