ICC issues recommendations to reform global trade


The ICC recommendations ‘Reforming the Multilateral Rules-Based Trading System: The outcomes we want for people and planet,' provide an outcomes-based approach to reforming international trade with the overriding objective of making trade work for people and planet. 


The ICC points out that the recommendations affirm the importance of multilateral trade and the WTO system. While the pillars of today's multilateral trade system have reached their limits, ICC believes that a comprehensive reform process will enhance the functioning of the WTO and trade for all.


The ICC identifies the following five priority areas for reform:

  1. Strengthen WTO governance and accountability
  2. Review and update the existing WTO rulebook
  3. Accelerate new rule making
  4. Establish robust and trusted dispute settlement mechanisms
  5. Promote regime coherence


Back to recent articles