International Chamber of Commerce updates businesses on COVID-19 initiatives

30 March 2020

THE International Chamber of Commerce has updated businesses on new initiatives it has implemented to respond to the current COVID-19 outbreak.

The ICC is engaging with businesses to discuss resilience measures and how we can all contribute to the economic recovery post-COVID 19.

In a collective call to action for the virtual G20 Summit, ICC has partnered with the Business Twenty (B20) and the World Health Organization (WHO) in addressing an Open Letter to G20 Leaders to set out proposed measures to enable a coordinated global response to effectively contain the potential human and economic toll of the COVID-19 pandemic.

In a practical level the ICC has issued Guidelines for Business and a list of Practical Steps on measures to reduce short-term risks to employees and long-term costs to businesses and the economy.

Since the beginning of the outbreak a number of businesses have contacted the ICC to better understand how to navigate the high levels of uncertainty generated by COVID-19. In a swift move they have updated the ICC Force Majeure and Hardship Clauses, balancing contractual expectations with the new reality and the pandemic scenario.

The ICC is happy for these documents to be shared with colleagues and broader stakeholders’ network.

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