Challenges in international trade and role of International Chamber of Commerce (ICC)
Rajesh Narain Gupta, Managing Partner, SNG & Partners The role of the International Chamber of Commerce (ICC) has become crucial in today’s world due to the ever increasing trade disputes between countries, traders and banks, and with nations competing in placing protectionist measures in contravention of globally-set rules. In the days to come, ICC, which is regarded as the voice of the business world, is set to play a bigger role, especially in the case of emerging economic powers like India. The ICC, a few years short of its centenary, has been formulating and updating the rules regarding contractual obligations to make those uniform and help parties overcome conflicting national regulations which are detrimental to seamless flow of trade ...
