MC12 ICC Statement
Ahead of the next World Trade Organization Ministerial Conference (MC12), the International Chamber of Commerce — the institutional representative of over 45 million businesses worldwide, small, medium and large, in over 170 countries — wishes to set out its priorities for a successful meeting.
The global business community views the World Trade Organization as an essential pillar in the multilateral trading system. As end-users of the system, the private sector strongly encourages ministers to work towards ambitious outcomes that will meet the needs of modern economies and all stakeholders.
At a time of serious global economic challenges—in the wake of the Covid-19 pandemic, pressures on global supply chains, and the prospect of high inflation and recession—ministers must take the opportunity presented by MC12 to reinforce the role of the WTO and to ensure its effectiveness to meet ongoing and new global challenges.