International Chamber Of Commerce - ICC

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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.

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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 >>
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