What is the role of the International Chamber of Commerce in international trade?
The International Chamber of Commerce (ICC) plays an important role in international trade. The ICC was founded in 1919 as a global business organization that works to promote international trade and business. The ICC works to ensure a fair, open and transparent international trading system that benefits all countries involved in international trade. The ICC develops and sets international business standards for international trade. This includes establishing rules and regulations that promote good practice and prevent unfair trade practices. This helps to ensure that businesses and organizations in different countries are able to trade effectively and efficiently with each other. The ICC also works to ensure that countries abide by international trade agreements and the terms of their trade agreements. This helps to encourage fair trading conditions and free market access across countries. The ICC also works to resolve any disputes between countries related to international trade. The ICC also provides a forum for governments and business leaders to discuss important issues related to international trade. This helps to ensure that businesses and countries can work together to form effective trade policies that benefit everyone. Overall, the ICC plays an important role in international trade. By establishing rules and regulations that promote fair and effective international trade, the ICC helps to ensure that countries and businesses can benefit from international trade.
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