ICC, ITUC and Global Citizen call for greater action.
ICC – the institutional representative of 45 million member companies – has welcomed a pledge from G20 Finance Ministers to suspend debt service payments for the poorest countries that request forbearance.
The economic downturn caused by the pandemic will necessitate a significant rebuild. Leadership requires not only responding to the crisis at hand, but providing a clear vision of the future.
The International Chamber of Commerce, the institutional representative of more than 45 million companies, has responded to the conclusion of today’s virtual G20 leaders summit.
Ahead of a virtual G20 Summit this week, ICC Secretary General John W.H. Denton AO is calling on G20 leaders for ramped up international coordination in the face of the COVID-19 pandemic.
Only effective global cooperation can contain the potential human and economic toll of COVID-19.
In an unprecedented joint call to action, ICC and ITUC have united to call for action from G20 leaders to stem the human and economic consequences of the COVID-19 crisis.
G20 leaders are uniquely placed to take steps to restore market stability and rebuild economic confidence.
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.
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.
Common-sense reforms that make trading easier and faster can have a greater impact than removing every tariff in the world.