HAVE WE REACHED «PEAK» GLOBALISATION?
Geneva, 17 October 2017
To stimulate and facilitate the exchange with International Organisations and the respective Diplomatic Representations in Geneva, ICC Switzerland continues its Geneva Business Dialogue with a series of high-ranking roundtables. The first of such discussions was on the future of globalisation with Prof. Carlos Braga as lead speaker.
The talk analysed what the recent trends in international trade, foreign direct investment, and technological innovation mean for the world economy. In particular, the presentation addressed to what extent the observed slow-down in some globalisation indicators (e.g., slow growth of international trade) can be explained by cyclical factors, or by changes in trade policies, or by geopolitical shocks (and economic uncertainty), or by structural developments such as the increased maturity of global value chains.
Panel Discussion with participation from the audience
The Global Enabling Trade Report 2016 co-published by the World Economic Forum and the Global Alliance for Trade Facilitation was released earlier today.
ICC is one of the three host organizations of the Global Alliance for Trade Facilitation, along with the World Economic Forum and Center for International Private Enterprise. Together, with the governments of Australia, Canada, Germany, United Kingdom and United States, we aim to leverage our shared networks and resources to support effective trade facilitation reforms measured by real-world business metrics. It is in this context that the Alliance has co-published the 2016 report.
ICC Switzerland supports the Company Tax Reform III. It creates an internationally accepted taxation system and preserves the competitiveness of Switzerland as a business location, especially for mobile business segments of international corporations. The proposal is balanced and creates legal certainty. And without the envisaged new instruments, Switzerland loses ground against important competitors.
The commodity industry has become an essential part of Switzerland’s economic success. Its net profit has reached 4 percent of Swiss GDP, surpassing tourism. This sector is under regulatory pressure and at the same time little is known about its functioning and importance.
Afraid of lengthy arbitration procedures? The Revised ICC Rules of Arbitration in force since 1 March 2017, include new provisions on an expedited procedure for small claims, as well as some general amendments designed to streamline non-expedited cases, and provide greater transparency to the arbitration process.
ICC Switzerland will organize an event on the Sustainable Development Goals. These 17 goals are defined by 169 targets at global level. The Swiss Government will start the reporting process by defining the Swiss implementation of the targets by a public online consultation in May/June 2017. This process will lead to a revised sustainable development agenda. It is therefore crucial that the business view is reflected in the consultation process.