What are companies saying about commerce coverage?
Our current business consultations and roundtables reveal urgent considerations from the worldwide enterprise group:
- Companies of all sizes emphasize that coverage uncertainty is their biggest problem for planning investments, managing provide chains and creating jobs
- Firms report that pricey diversifications to commerce restrictions are affecting innovation and profitability whereas offering no assured safety in opposition to main disruptions
- Provide chain resilience efforts face sensible constraints, together with expert employee shortages and restricted provider availability
What does enterprise say is prime?
The next key priorities emerged from our consultations and roundtables:
- Lively enterprise participation in commerce coverage discussions to make sure business views are heard
- A powerful rules-based buying and selling system anchored in a totally functioning World Commerce Group (WTO)
- Stability and predictability for making knowledgeable long-term enterprise choices
How can we strengthen the buying and selling system?
ICC calls for 3 concrete actions:
Governments ought to pursue complementary dialogue by plurilateral initiatives that may ship tangible advantages.
WTO member states ought to reinvigorate multilateral commerce talks by figuring out sensible areas the place grand bargains may very well be secured to deal with main commerce frictions.
Stakeholders ought to work to boost negotiation mechanisms that may successfully tackle rising commerce challenges.
Obtain the complete coverage transient for extra insights from our enterprise consultations.
Join with our commerce specialists to share your views or be taught extra about ICC’s commerce initiatives:
Valerie PicardHead of Commerce
Mélanie LaloumLead Economist
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