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ICC Covid-19 Response - A Call to Action to Safe Our SMEs

The novel coronavirus (COVID-19) is an unprecedented health and economic crisis, affecting the lives and livelihoods of workers, as well as the continued operations of businesses globally. By its nature the disease knows no national borders, and in an era of globally integrated supply chains and capital markets, actions to combat COVID-19 by one national government affect many others.

To combat the economic repercussions of this pandemic, ICC believes that urgent and decisive action by all stakeholders is needed. We call on everyone, including governments, international organisations, multilateral development banks, business organisations, and multi-national corporations, to cooperate and coordinate their actions to “Save Our SMEs”. The immediate objective of all stimulus efforts should be to ensure that money flows rapidly into the real economy— and, in particular, to those most vulnerable to the economic disruptions caused by COVID-19 —as well as ensuring that developing countries receive adequate assistance.

The imperative to Save Our SMEs cannot be understated: this agenda is of paramount importance to safeguard the current and future functioning of the global economy and the livelihoods of billions of workers throughout the world.

 

Read the full Call to Action here.

 

We also want to use this occasion to thank our Federal Council for its fast and determined reaction. The package of measures in Switzerland goes exactly in the aspired direction and this Call of Action therefore has been implemented in our Country.