In line with recent market developments and trade finance supports, ICC is proposing to develop further its market intelligence function to become the No.1 reputable and reliable provider of key analysis for the industry.
We strongly believe that the creation of sustained value and trajectory growth from this project is far reaching not only in key international fore but to all relevant financial institutions, corporations and their clients in the business world.
The ICC Global Surveys came into existence when the World Trade Organization (WTO) asked ICC to provide data for the G-20 meeting of world leaders at their first economic Summit, held in 2008.
From 2009, with contributions from its partners and under the direction of the Market Intelligence Working Group, the surveys have provided leaders with independent, accurate and in-depth analysis of trends in trade finance to keep them at the forefront of industry knowledge.
In cooperation with the World Bank, the Asian Development Bank (ADB), SWIFT, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), the Marketing Intelligence Working Group of the ICC Banking Commission has published annual Global Surveys on Trade & Finance since 2009 and has continued to do so ever since.
Together, let’s rethink trade and finance.
Entitled ‘Rethinking Trade and Finance – An ICC Private Sector Development Perspective’, the ICC survey reveals that developing economies remain the drivers of international trade growth despite the ever-rising level of regulation in the wake of the financial crisis and a clear trade finance gap for small- and medium-sized enterprises (SMEs) in the southern hemisphere.
The 2013 survey also received the participation of two new partners: the International Trade Centre (ITC), to cover credit constraints and non-tariff measures in trade; and Factors Chain International (FCI) providing business trends in factoring.
Showcasing a sharp increase in last year, the final report included representatives of 260 banks in 112 countries.
The report was launched on the occasion of the ICC URBPO Regional Launch hosted by ICC Regional Banking Commission (MENA) on June 24, 2013.