{"id":55620,"date":"2025-05-30T20:52:17","date_gmt":"2025-05-30T20:52:17","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head"},"modified":"2025-05-30T21:20:08","modified_gmt":"2025-05-30T21:20:08","slug":"global-trading-system-plagued-by-unpredictability-icc-head","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head","title":{"rendered":"Global Trading System Plagued By Unpredictability ICC Head"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>The global trading system is facing uncertainties like never seen before amid tariffs and protectionist policies, the head of trade at the International Chamber of Commerce (ICC) told Anadolu.<\/p>\n<p>Valerie Picard stated that renewed protectionism and hyper-politicization of trade policies further fueled the uncertainties, pressuring the business world.<\/p>\n<p>\u201cWhat we\u2019re hearing across our network is clear: the greatest challenge is no longer just complexity and cost\u2014it\u2019s unpredictability,\u201d she said.<\/p>\n<p>\u201cThat\u2019s why ICC is advocating for a fundamental revitalization of the World Trade Organization, anchored in its founding purpose,\u201d she noted. \u201cWe\u2019re calling for urgent progress focused on restoring a functioning dispute settlement system, updating trade rules to reflect today\u2019s economy\u2014from digital trade to services\u2014and reinforcing transparency and cooperation.\u201d<\/p>\n<p>Picard emphasized that bilateral and regional deals can provide benefits like deeper integration between partners and faster progress on issues. While these come with positives, she said such agreements can also lead to further fractures, deepening global fragmentation when they are not aligned with multilateral rules.<\/p>\n<p>\u201cThis is exactly why reinvigorating multilateral rulemaking is essential,\u201d she said. \u201cThe global economy needs a baseline of clear, coherent, and non-discriminatory rules. Without that foundation, trade becomes harder to navigate, especially for smaller firms and those in developing countries.\u201d<\/p>\n<p>Picard stated that small and medium-sized enterprises (SMEs) are the lifeblood of the economy, but they face the largest challenges in trade, such as limited access to financing and information and regulatory compliance.<\/p>\n<p>She emphasized that \u201csupporting SMEs is central\u201d to the ICC\u2019s mission, as 70% of their global membership is based in developing countries.<\/p>\n<p>\u201cOne of our flagship initiatives is the Digital Standards Initiative (DSI), which promotes a globally harmonized digital trade environment. By standardizing documentation and processes, DSI helps lower entry barriers and enables more SMEs to engage in cross-border trade,\u201d she said.<\/p>\n<p>\u201cThrough the Global Alliance for Trade Facilitation, we work with developing countries to implement the WTO Trade Facilitation Agreement, which can significantly reduce costs and delays at borders. These reforms are especially critical for SMEs that lack the capacity to navigate complex procedures,\u201d she noted. \u201cWe also advocate for greater SME participation in Authorized Economic Operator (AEO) programs\u2014trusted trader schemes that offer faster and more predictable border clearance but remain underutilized by small firms.\u201d<\/p>\n<p><b>ICC encourages Turkish chambers of commerce to join<\/b><\/p>\n<p>Picard stated that countries like Tu\u0308rkiye can \u201cleverage ICC,\u201d saying that the \u201cfirst port of entry\u201d is the ICC Tu\u0308rkiye, the chamber\u2019s local committee.<\/p>\n<p>\u201cLocal membership provides access not only to ICC\u2019s global tools and standards but also participates actively in ICC\u2019s global policy and rule-shaping work\u2014this includes everything from trade documentation to policy input at institutions like the WTO and the World Customs Organization. It helps ensure national priorities are reflected globally,\u201d she said.<\/p>\n<p>She emphasized that Turkish chambers of commerce are encouraged to be a part of the ICC World Chambers Federation, which brings together chambers from over 100 countries.<\/p>\n<p>\u201cMore broadly, we are always looking to strengthen public-private collaboration with countries like Tu\u0308rkiye, whether on trade facilitation, digitalization, or sustainability,\u201d she noted. \u201cTu\u0308rkiye\u2019s strong entrepreneurial base and strategic position make it a natural partner in shaping practical, business-driven solutions to global trade challenges.\u201d<\/p>\n<p>Picard maintained that revitalizing the global trade system will require \u201cgoing beyond high-level declarations.\u201d<\/p>\n<p>\u201cIt urgently requires both political will to engage constructively and technical work to translate vision into reality,\u201d she said.<\/p>\n<p>\u201cAt ICC, we\u2019re encouraging governments to come together to move the system forward, and we\u2019re focused on supporting reforms that are grounded in business realities and designed to deliver practical outcomes,\u201d she added. \u201cTu\u0308rkiye, with its dynamic business community and strategic position, has an important role to play in shaping that future.\u201d<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Mauritius<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. The global trading system is facing uncertainties like never seen before amid tariffs and protectionist policies, the head of trade at the International Chamber of Commerce (ICC) told Anadolu. Valerie Picard stated that renewed protectionism and hyper-politicization of trade policies further fueled the uncertainties, pressuring the business world. \u201cWhat we\u2019re hearing across [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":55618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5100,241,6272],"class_list":["post-55620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-global-trade","tag-mauritius","tag-unpredictable"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global Trading System Plagued By Unpredictability ICC Head - Mauritius<\/title>\n<meta name=\"description\" content=\"The global trading system is facing uncertainties like never seen before amid tariffs and protectionist policies, the he ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Trading System Plagued By Unpredictability ICC Head\" \/>\n<meta property=\"og:description\" content=\"The global trading system is facing uncertainties like never seen before amid tariffs and protectionist policies, the he ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-30T20:52:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-30T21:20:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/05\/sm_1748623685.123858.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Global Trading System Plagued By Unpredictability ICC Head\",\"datePublished\":\"2025-05-30T20:52:17+00:00\",\"dateModified\":\"2025-05-30T21:20:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head\"},\"wordCount\":652,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/05\/sm_1748623685.123858.jpg\",\"keywords\":[\"global trade\",\"Mauritius\",\"unpredictable\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-trading-system-plagued-by-unpredictability-icc-head\",\"name\":\"Global Trading System Plagued By Unpredictability ICC Head - 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