International Chamber Of Commerce - ICC

AAA

DEFINITION of 'International Chamber Of Commerce - ICC'

The largest, and arguably most diverse, business organization in the world with thousands of member companies representing over 130 countries and a vast array of business interests. The International Chamber Of Commerce (ICC) has a worldwide network of committees and industry experts to keep members abreast of the issues that may affect them, as well as contacts within the World Trade Organization, the United Nations and other intergovernmental agencies.

INVESTOPEDIA EXPLAINS 'International Chamber Of Commerce - ICC'

Founded in 1919 in Paris, France, the International Chamber of Commerce seeks to foster international trade and commerce, as well as to protect and promote open markets for goods and services, along with the free flow of capital. The ICC also battles corruption and commercial crime to foster more economic growth, job creation and prosperity.

RELATED TERMS
  1. International Commerce

    The buying and selling of goods between sovereign nations. International ...
  2. Chamber Of Commerce

    An association of businessmen and businesswomen designed to promote ...
  3. Business Activities

    Any activity that is engaged in for the primary purpose of making ...
  4. World Trade Organization - WTO

    An international organization dealing with the global rules of ...
  5. Commerce

    The conduct of trade amongst economic agents. Generally, commerce ...
  6. Business

    1. An organization or enterprising entity engaged in commercial, ...
RELATED FAQS
  1. Can entities other than banks issue letters of credit?

    Legally speaking, any entity may issue a letter of credit; does not necessarily have to come from a bank. Other creditworthy ... Read Full Answer >>
  2. What is the difference between CIF and an incoterm?

    The International Chamber of Commerce (ICC) established 12 terms in 1936 known as International commerce terms or Incoterms. ... Read Full Answer >>
  3. What are the different types of letters of credit?

    Letters of credit are important assurances or guarantees to sellers that they will be paid for a large transaction, particularly ... Read Full Answer >>
Related Articles
  1. Markets

    Great Company Or Growing Industry?

    Look at the big picture when choosing a company - what you see may really be a stage in its industry's growth.
  2. Entrepreneurship

    Starting A Small Business

    Starting a small business can be a daunting task. This tutorial will break the process down into easy steps.
  3. Economics

    How Terrorism Affects Markets and the Economy

    Terrorism causes quantifiable short-term and long-term costs. After major terror attacks, markets tend to drop quickly but recover within a year.
  4. Economics

    Iron Ore Market: Falling Into The Hands Of A Few

    The big iron ore mining companies have embarked on a drive to increase supply, reduce cost, and take market share.
  5. Stock Analysis

    What’s The Best Airline Stock In the Industry?

    With many airlines forced to seek bankruptcy protection, Southwest Airlines stands out as having consistently remained profitable throughout its history.
  6. Investing News

    Sun Pharma And Ranbaxy: An Ideal Pharma Marriage?

    The Sun Pharma merger with Ranbaxy will blend the complementary market strengths and areas of expertise of each company and create a powerful pharma force.
  7. Economics

    Growth and Stabilization In The Global Economy

    The continued advance for stocks implies a stabilization in international economies, which indicates global growth is steadying after declining last year.
  8. Investing

    Hedged ETFs That Help You Cushion Currency Impact

    If you’re an investor holding non-U.S. assets, the returns on your investments will be affected when you translate your investment from its local currency
  9. Investing

    What Has Been Groupon’s Growth Strategy?

    Groupon established a strategy with efforts to become a broader force in the e-commerce world and to expand more strongly into international markets.
  10. Investing

    The Impact Of A Stronger Dollar In The Markets

    The economy continues to improve, but also demonstrated that some areas of the stock market are more vulnerable to an increase in interest rates.

You May Also Like

Hot Definitions
  1. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  2. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  3. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  4. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  5. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  6. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
Trading Center