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Practical steps for development of world economy were adopted at the Eighth World Congress in Doha







 

The ICC WCF 8th World Chambers Congress in Doha, Qatar - the first ever Congress held in the Middle East was closed successfully. The four-day Congress was set to gather 1,000 delegates from chambers of commerce, as well as from multinational and small- and medium-sized companies. BCCI’s President Tsvetan Simeonov was among the participants in the Forum.
 
Delegates met to give their stamp of approval to a final set of business priorities that would provide a debt-free stimulus to the global economy at a time when governments are struggling to inject growth into their economies.
 
 “ICC has consulted with business around the world to develop a set of practical steps for reaching a new trade consensus,” said ICC Chairman Gerard Worms. “As the actors of trade in the daily marketplace, we are well placed to shed new light on stalled talks. We will mobilize CEOs around the world to make the case to national governments for this new trade agenda.”
 
The initiative has developed five recommendations that could achieve tangible outcomes by the end of 2013, to harvest gains from the WTO’s Doha Development Round. These are:
• Conclude a trade facilitation agreement 
• Implement duty-free and quota-free market access for exports from least-developed countries 
• Phase out agricultural export subsidies 
• Renounce food export restrictions 
• Expand trade in IT products and encourage growth of e-commerce worldwide 
 
Business recommendations from this event will be delivered to G20 leaders and WTO ministers ahead of the next G20 Summit in Saint Petersburg and the WTO Ministerial Conference in Bali later this year.
 
The Peterson Institute in Washington DC, recently studied ICC’s Business World Trade Agenda, to quantify the potential benefits from the recommendations.
 
It is estimated that the payoff from liberalizing trade in services could generate world trade gains of US$1.1 trillion, which would translate into global employment gains of nine million jobs. At the same time, a meaningful WTO agreement on liberalizing trade in environmental goods, even on a plurilateral basis, could deliver US$10.3 billion of additional exports.
 
During the forum BCCI’s President Tsvetan Simeonov met with the President of the Federation of Chambers of Commerce (ICC WCF) Peter Mihok, as well as Jean Guy Carrier – ICC’s Secretary General and Anthony Parks - Director, WCF.
 

23.04.2013

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