A joint effort to facilitate participation by smaller companies in international trade was launched today by the Director-General of the World Trade Organization (WTO), Roberto Azevedo, and ICC Secretary-General John Danilovich.
Around the world, open trade has facilitated economic integration, encouraging growth, innovation and job creation. However, in an age where climate concerns are rightly at the centre of the political agenda, some voices speculate that the benefits of trade come at the cost of sustaining our environment.
In emerging economies, trade has helped lift millions out of poverty, driving economic growth and technical progress to unprecedented levels. While trade has also lifted incomes in the developed world, rapid industrialisation in poorer countries has left many in the West fearing that competition will erode their high living standards.