The ICC held its bi-annual meeting in Dubai under the banner ‘Gateway to sustainable trade and Development’.
A number of key issues were discussed including ICC Banking Commission strategy beyond 2014, the outlook for global trade finance, trade finance and the potential for Islamic finance, global convergence of supply chain terminology, compliance issues affecting the industry, management of financial crime risks in trade finance, update on the ICC-FCI initiative for developing Uniform Rules for International Factoring, and the introduction of the new CITF certification program by ICC & ifs.
In addition, a session was held on the progress of the DOCDEX revision, followed by the regular presentation of ICC draft official opinions for adoption.