WORLD ISSUES & TRENDS
WGCCIA examines the nature and significance of the major shifts taking place in the world economy. From banking and finance to innovation and intellectual property issues, policy advocacy is a major part of WGCCIA’s work. But everything else we do is also devoted to promoting international trade and investment. Much of our work is of a very practical nature, focused on making it easier for business to operate internationally.
Drawing on the expertise and experience of our worldwide membership, we offer a large array of voluntary rules, guidelines, and codes which facilitate cross-border transactions and help spread best practice among companies. These activities make us an influential and respected channel for supplying business leadership to help governments manage global developments in a collaborative manner for the benefit of the world economy as a whole.
BANKING & FINANCE
World trade is in large part dependent on the availability of reliable and cost-effective sources of financing. This means that banks and other financial institutions play a vital role in facilitating trade-led growth and development.
Developing effective regulations is essential to allowing business to contribute to economies and societies around the world, whether through competition law, taxation or energy regulation.
From micro-enterprises to multinational conglomerates, businesses in every sector and every region of the world are becoming increasingly dependent on information and communication technologies (ICTs) and a secure, stable and trusted Internet to carry out their daily operations.
At WGCCIA, we recognize the economic and social benefits of diversity, while undertaking efforts to improve cultural and gender balances to benefit our own services and operations.
Over the past two decades, the role of business in global governance has become increasingly important. WGCCIA works to inform international policy debates in intergovernmental institutions – ensuring that global policy frameworks work with business to drive growth and economic development.
INNOVATION & IP
Intellectual property (IP) systems have a vital role to play in spurring innovation and in giving companies large and small a range of tools to help drive success.
Responsible business conduct can help companies advance their management systems, attract investors, better manage supply chains and retain employees. That’s why companies worldwide are increasingly aware that doing business with integrity is the right way to do business. We believe it is essential that businesses are profitable and ensuring this must be the first responsibility. But profitability should not override all other considerations. “How” profits are made is extremely important and therein lies the key to other areas of responsibility that should never be overlooked. Business responsibility is often known as Corporate Social Responsibility (CSR) or Corporate Responsibility (CR). Throughout the world, CSR has many definitions with some describing it as a more philanthropic activity.
TRADE & INVESTMENT
WGCCIA works to champion evidence-based policies to shape the multilateral trade and investment agenda as a driver of growth, jobs and development. We are the leading business voice in the World Green Commences Federation (WGCF) and other international forums.