ICC International Trade & Prosperity Week
08 webinars | 4 days | 40+ international speakers REPRESENTING
The second edition for this week-long virtual event is “Resetting the Global Economy”, specifically addressing “how” companies, organisations and governments are implementing solutions that deliver more inclusive, sustainable and greener outcomes. 8 webinars, 2 per day, each day has its own policy sub-category:
DAY 1 – Priorities, Trends, Analysis
DAY 2 – Climate Action & Sustainable Growth
DAY 3 – Digital Trade
DAY 4 – Tackling the Trade Finance Gap
Hosted virtually via Zoom Webinars, this has given us the ability to have an international confirmed list of speakers and audience that truly represents the various stakeholders that are involved in resetting the global economy to help promote awareness, dialogue, trust, and inclusion. The International Chamber of Commerce is unique in that we bring together the global perspective and are the only business organisation with UN Observer Status, B20 Co-founder/Network Partner, strategic partner to the WTO, UNFCCC business focal point for climate change and convener of the UN SDG Business Forum.
The world’s economy is at a critical juncture.
Now more than ever, we need greater collaboration and co-ordination across global institutions, governments, policy makers and business to help minimise disruption and utilise this challenging time to rebuild a more inclusive, sustainable and greener economy.
Running alongside the live virtual event will be a series of pre-recorded policy project case studies that will be launched in the build-up to the event for delegates to watch in their own time.
18th – 21ST October 2021
08 webinars | 4 days | 40+ international speakers
Paul Drechsler CBE Chairman, ICC United Kingdom
2020 was a year of unparalleled economical and political unrest and 2021 is seeing continued global disruption to businesses, and society in general. As a consequence, businesses have felt the need to take a more robust and longer-term strategy to tackle crisis management and business continuity. Given the imperative for coordinated recovery efforts, are things finally looking positive, or have the recent political changes fuelled more uncertainties to the global landscape?
Our esteemed panel will unveil the latest global statistics and will discuss how boardrooms are looking to reset the international trading landscape and identifying key priorities to build back better.
According to the IMF, the global economy shrunk by an estimated 4.4% in 2020 and the WTO has cited a drop of nearly 9% in international trade for the same period. Furthermore, a study commissioned by the ICC Research Foundation found that the global economy stands to lose as much as $9.2 trillion if emerging markets fail to gain access to COVID-19 vaccines.
Moving forward, a pragmatic strategy that balances the public health imperative with the economic and social pressures is needed to enable local businesses to operate sustainably in the short-term and make economies more resilient and flexible over the long-term. The private sector has a critical role to play in helping to mitigate both the spread of infection and the economic impact of closings and restrictions.
This session looks at how countries and businesses are operating on a global level in a mixed economy to keep international trade moving. How do we reset the global economy, combat climate change, and keep trade open, whilst still trying to manage a global pandemic?
What challenges and opportunities do we face, what practical solutions are businesses adopting and how are policy makers helping?
- Insights and updates from WHO
- Tackling vaccine nationalism/protecting global value chains
- The future of the workplace and international movement of people
- Changes to consumer behaviour and how this has impacted future business models
Climate change represents an urgent and potentially irreversible threat to human societies and the planet. In recognition of this, the overwhelming majority of countries around the world adopted the Paris Agreement, the central aim of which includes pursuing efforts to limit global temperature rise to 1.5°C.
While transition to a greener economy means a vast business opportunity, it requires not only coherent policy frameworks, but also innovative sectoral approaches. Eco-Innovation, which incorporates green growth and sustainable development into knowledge-based innovation, is at the heart of green transition for businesses across different sectors. Previous researches have shown a positive correlation between eco-innovations, and energy efficiency, productivity and business opportunities.
In light of UK presiding the 26th annual UN Conference of Parties (COP26), this session shall discuss corporate net-zero ambitions and how governments are making the transition from oil and gas-based economies to low carbon. It will discuss transition risk and how innovative solutions are enabling businesses to reach this goal.
- Hydrogen Economy
- Electrical Vehicles
- Carbon Capture and Storage
— AFTERNOON WEBINAR 4 (1hr 15 mins) —
This session will be a conversation with leading corporate treasurers and industry specialists to review the impact of policy, disruptive new technologies, digital platforms and banking regulation on climate & green finance and how companies are adapting.
COVID-19 has exacerbated the need to build an effective digital-enabled economy.
To realise the full prosperity and growth that digital trade can enable, we must consider the building blocks required to deliver this; namely technology & Infrastructure, skills, policy and legal frameworks.
By focusing on several key international case studies from the industry and corporate perspective, attendees to this session will come away with a clear understanding of what is being done to tackle them and what future opportunities and challenges lay ahead.
— AFTERNOON WEBINAR 6 (1hr 15 mins) —
CONNECTING THE TRADE ECOSYSTEM
Reducing friction and having a common set of standards is vital to keep international trade moving and ensuring costs are managed. With the rise in the number of different technology providers, making sure platforms speak the same “language” will in turn help drive the shift to digital trade.
However, whilst interoperability is essential, adoption is key.
In this session our digital experts will discuss the following:
- WHAT tools for standardisation exist?
- WHAT is the DCSA EBL? Who is it for and how can it help?
- HOW is the ICC Digital Standard Initiative tackling the digital divide, interoperability and ensuring a standardised international approach?
- HOW do we ensure standard adoption?
- WHAT is preventing organisations from using the existing standards available to them?
- WHO are the worst and best adopters? WHAT does this tell us?
As internet usage increases, concerns in the digital ecosystem security arise, for both end-users and companies, as the increased amount of data increases the opportunities available for attack. Furthermore, 2020 saw a significant rise in cyber-incidents, including an increasing number of nation-state attacks. These incidents included attacks not just on businesses, but also against hospitals and other healthcare infrastructure amid an ongoing pandemic.
COVID has also meant an increase in the number of people connecting from home and leveraging digital tools for remote private and work purposes, therefore raising the threat posed by cybercriminals through teleconferencing and teleworking.
As a consequence, it is vital that we have multilateral dialogue between Governments, international organizations, and businesses to ensure governments collaborate on implementing existing UN General Assembly agreed norms on state behaviour. At the same time, stakeholders need to collaborate on basic security infrastructure – domestic laws and best practices so that these stakeholders can effectively improve trust online and ensure bad actors are deterred and caught, especially in transboundary incidents.
This session helps define what industry needs from governments, as well as how industry can collaborate with governments on solutions that are actually effective in daily business operations. It addresses the practical policies surrounding critical infrastructure that corporations need countries to adopt to drive the cybersecurity agenda forward and establish a cyber-secure environment.
— AFTERNOON WEBINAR 8 (1hr 15 mins) —
ENABLING SMES TO ACCESS FINANCE – REMOVING BARRIERS TO SHORT TERM WORKING CAPITAL
During the pandemic, the trade finance gap has ballooned to $3-5 trillion yet SMEs are expected to remain highly reliant on short-term loans and working capital facilities to remain solvent as the global economy recovers from the pandemic. At the same time financial institutions are swimming under an unsustainable mountain of red tape despite trade finance being a low to zero risk activity with SME onboarding and paperwork costs now in excess of $60-80,000.
This session looks at the opportunity to disentangle the red tape, de-couple trade finance from other forms of high risk finance and make the case for regulatory reform and unlock fresh economic growth.
Areas of discussion will include:
- The opportunity for regulatory innovation to deliver a sustainable solution
- The role of the UK as a centre of global trade finance and G7 host
- The costs and benefits of reform and implications for global growth
Best practice practical solutions to support SMEs
Marc Auboin, Economic Research Counsellor, WTO