International Chamber Of Commerce (ICC),
Definition of International Chamber Of Commerce (ICC):
The ICC fosters international trade and commerce to promote and protect open markets for goods and services and the free flow of capital. The ICC performs three primary activities: the establishment of rules, dispute resolution, and policy advocacy. The ICC also wages war on commercial crime and corruption to bolster economic growth, create jobs and stabilize employment, and ensure overall economic prosperity. Because members of the ICC and their associates engage in international business, the ICC has unparalleled authority in setting rules that govern cross-border business. While these rules are voluntary, thousands of daily transactions abide by the ICC-established rules as part of regular international trade.
Paris-based trade association of the worlds chambers of commerce. Established in 1919, it promotes an open international trade and investment system and the market economy, publishes INCOTERMS, and provides arbitration services through its International Court of Arbitration (worlds leading arbitral institution). Individual firms, however, may not join ICC directly but access its services through their local chamber of commerce.
The International Chamber of Commerce is the largest, most diverse business organization in the world. The ICC has hundreds of thousands of member companies from more than 100 countries and broad business interests. The ICC's vast networks of committees and experts belong to all sectors and keep members fully informed of all issues that affect their industries. They also maintain contact with the United Nations, the World Trade Organization, and other intergovernmental agencies.
Meaning of International Chamber Of Commerce (ICC) & International Chamber Of Commerce (ICC) Definition