G20 - ICC: "International cooperation is vital to tackle global challenges that transcend borders – from climate change to growing inequalities."
Writing in an opinion editorial in today’s edition of the Australian Financial Review, International Chamber of Commerce Secretary General John W.H. Denton AO says delivering substantive results on trade reform at this weekend’s G20 Osaka Leaders Summit would help defuse trade tensions and safeguard the rules-based global economic order.
Since the platform’s launch, representatives from more than 50 businesses, 14 think tanks, and 6 multilateral organisations participated in the debates.
Business views are vital to enriching global policy and decision making processes.
The first digitally-enabled dialogue on the future of the multilateral rules-based trading system will be extended until 1 March 2019, allowing companies and think tanks, supported by multilateral institutions, to pursue the ongoing debate on world trade reform.
ICC’s position on the Brexit is driven by the practical need to minimise the disruption inherent within the divorce process.
ICC has issued the following statement in response to a recently leaked draft US Fair and Reciprocal Tariff Act that would permit unilateral tariff hikes and abandon core principles of World Trade Organization (WTO) rules.
Mr Denton called on the leaders of G20 nations to seize French President Emmanuel Macron’s recent call to develop a new blueprint for WTO reform in time for the group’s meeting in Argentina at the end of the year.
In a clear show of support for the multilateral trading system, global business representatives today joined trade policymakers today at the WTO headquarters in Geneva to discuss future reform of the multilateral trading system.
In his first speaking engagement as ICC Secretary General, Mr Denton put the onus on business to help drive transition to a more inclusive trading system.
Incoming Secretary General of the International Chamber of Commerce John W.H. Denton AO has warned against inward policies and other distractions that could threaten global growth in 2018.
"We encourage the US and all its trading partners to find new ways to resolve ongoing trade tensions through multilateral dialogue — and without recourse to further tariff increases."