The following is excerpted from a 7 November 2011 news release by the International Chamber of Commerce.
The International Chamber of Commerce (ICC) – the world business organization – is urging G20 governments to put trade and investment at the heart of their Action Plan for Growth and Jobs in response to the outcomes of the Cannes G20 Summit.
“Trade has lifted millions out of poverty over the past 60 years by stimulating economic growth and job creation,” said ICC Chairman Gerard Worms. “At a time when governments are grappling with excessive debt, a new approach to trade negotiations can be a cost-free stimulus to growth and job creation.”
The Organisation for Economic Co-operation and Development (OECD) estimates that for every 10% of trade that opens among G20 countries, around one million jobs are created.
This release is available in its entirety on the International Chamber of Commerce website at: