Talking on the World Governments Summit (WGS) in Dubai, Mr Denton referred to as on policymakers to work hand in hand with the non-public sector to ship efficient options.
“Financial diplomacy and multilateral cooperation are key to make sure that commerce and funding proceed to result in peace, prosperity and alternative for all. ICC, as a key practitioner of financial diplomacy, will proceed to play its half, and drive inclusive, multilateral cooperation with legitimacy, integrity and pragmatism,” he stated.
Throughout a panel session trying on the potential of financial diplomacy to reshape international commerce, Mr Denton underscored ICC’s function in crowding non-public sector views and know-how into multilateral governance and processes. Pointing to challenges reminiscent of acute commerce fragmentation and the shortcoming of multilateral frameworks to drive coordinated motion, Mr Denton referred to as for stronger partnerships and worldwide cooperation, to reshape an efficient multilateral system.
He stated:
“These of us who imagine in a rules-based order, fairly than a power-based one, should due to this fact tackle the accountability of reshaping it.”
Mr Denton emphasised ICC’s function because the inclusive, consultant physique of over 45 million companies globally, with the agility to allow tangible options. This contains via initiatives such because the ICC Digital Requirements Initiative, entry to inexperienced commerce finance, and enhanced entry to justice for smaller companies.
The World Governments Summit serves as a platform for discussions on international commerce, governance and sustainability. In November 2024, ICC and the World Governments Summit introduced a strategic information partnership to drive analysis and innovation on key international points. The collaboration goals to offer actionable insights on financial growth to help sustainable growth at a worldwide and regional stage.
