The International Chamber of Commerce (ICC) is one of the world's largest and most important independent international business organisations. Established in 1919, the ICC's key aim remains to serve world business by promoting trade and investment, open markets for goods and services, and the free flow of capital.
The ICC develops strong policy positions for open trade and the market economy, rule setting and standards, fighting corruption and international dispute resolution.
ICC activities include:
Each of the interest areas above has a “Commission” which meets regularly and invites comments and input form ICC members around the world. ICC Australia renews our representative delegates on each Commission in line with our annual financial membership renewals.
The ICC holds a privileged consultative status with major intergovernmental organizations (IGOs), and enjoys a close working relationship with the United Nations, the G20, and the World Trade Organisation (WTO). Since 1946, the ICC has had consultative status with the UN and its specialised agencies.
ICC Australia continues to grow its relevance to members and policy influence in Australia and we are planning a number of upcoming events to provide engagement opportunities for members and to increase the profile of ICC's work in Australia. These include:
ICC Australia – Database to increase the visibility of Australian arbitrators
Third, ICC Australia is currently developing an interactive database that will be provided to the ICC Secretariat in Paris, Hong Kong and New York to help it identify suitably experienced arbitrators from the ranks of ICC Australia’s membership.
The web based tool will enable the ICC Secretariat to search for Australian arbitrators on the basis of location, language skills, experience, etc. and will hopefully give us an edge securing more nominations for Australian arbitrators (or budding arbitrators). The Nominations Committee is keen to increase the number of small and medium sized matters it is asked to appoint arbitrators to, so that we can broaden the pool of Australian arbitrators and to give all ICC Australia members an increased opportunity to develop as arbitrators.
G20 Policy Development
The ICC is now recognised as one of the main business dialogue groups for the G20 and so has established the ICC G20 CEO's Group who meet with senior government officials prior to G20 meetings to advocate ICC policy positions and proposals. This is an increasingly important forum and Australia will be the host in 2014. ICC Australia and the Australian Chamber of Commerce and Industry will be working closely with the Australian Government to promote appropriate policy positions.
ICC Banking Commission
The ICC Banking Commission has established itself as a leading global rule-making body for the banking industry, producing universally accepted rules and guidelines for international banking practice. ICC Australia has an active Banking Committee which deliberates on important issue of trade and trade financing. The banking committee assists with issues relating to letters of credit, input into Incoterms 2010 trade terminology and deliberates on other issues such as the new initiative on Bank Payment Obligations.
Commercial Law and Practice and International Commercial Dispute Resolution
The ICC has a strong emphasis on ensuring that trade is as efficient as possible and that legal issues which underpin trade are understood and available to the commercial sector. Through its Commission on Commercial Law and Practice (CLP), ICC facilitates international trade and promotes a fair and balanced self-regulatory and regulatory legal framework for international business-to-business (B2B) transactions. To this end it creates internationally recognised trade terminology (Incoterms 2010) and globally enforceable model contracts which are available to support those involved in international trade.
ICC also helps solve difficulties in international business through its dispute resolution services in commercial arbitration. More recently ICC has also launched additional complementary services, now gathered within ICC's International Centre for Alternative Dispute Resolution (ADR). They include mediation and other forms of amicable dispute settlement; sourcing experts to provide opinions on technical, legal and financial matters; and helping to set up and run dispute boards.
Commissions and Task Forces
ICC Australia members can participate in a wide range of Commissions and Task Forces. For example, in the 2011-12 membership year, Australian delegates represented ICC Australia in a large number of forums including:
- Commission on Arbitration
- Task force on controlling time and costs
- Task Force on the New York Convention of 1958
- Representatives to the ICC Court of Arbitration
- The Australian Arbitration Working Group and the Arbitration Panel
Having now established a working group on Alternative Dispute Resolution, we will develop more opportunities in this field and we also hope to explore more opportunities for Australian involvement for new arbitrators who may like to act as Secretaries to Tribunals in Australia and Asia.
ICC Australia has active committees on Banking, Arbitration and Alternate Dispute Resolution. Membership of ICC Australia provides access to the wider ICC network and the ability to utilise the ICC to support your international trade and investment activities. Membership of ICC Australia provides access to information and publications, the ability to participate in a multitude of ICC technical commissions and taskforces and discounted access to ICC events and publication sales.
Members of ICC Australia are entitled to:
- Become active in any of the ICC Commissions and taskforces (depending on the available vacancies). Corporate membership entitles your entire staff to be involved, including up to 10 international colleagues.
- Have your CV listed for consideration in the dispute resolution services.
- Join and participate in the local committees mirroring the ICC activity areas.
- Participate in the annual Arbitration Roadshow.
- Secure a 20% discount on publications and event fees.
- Secure discounted access to ICC's international events held around the world.
- Access the ICC's initiatives of web based information seminars.
- Corporate members can have their logo displayed on the ICC Australia website.
- Access to the members only components of the ICC Australia website according to access protocols.
Membership TypesThere are currently three ICC Australia Membership categories:
- $6,150 + GST* - Large Corporate / First-tier or International law firm
- $ 600 + GST* - Individual / Small Business
*GST is only applicable to Australian residents