The World Chambers Federation (WCF) recently concluded its General Council meeting, where critical issues affecting the global economy and international risks were addressed. A significant focus of the discussions was the growing trend of protectionism and the barriers faced in global trade.
The meeting included a review of the International Chamber of Commerce’s (ICC) roadmap for 2024-2026, which outlines several pivotal objectives. These include effective combat against trade restrictions, accelerating digitalization in commerce, reforming the World Trade Organization (WTO) to enhance its functionality, taking an active role in combating climate change and promoting sustainability, and the increased integration of artificial intelligence within ICC arbitration mechanisms.
These developments are crucial for navigating the complexities of the modern economic landscape and ensuring robust international trade practices.
