ICC - International Chamber of Commerce

11/04/2024 | Press release | Distributed by Public on 11/04/2024 09:47

ICC and World Governments Summit announce knowledge partnership

Middle East and North Africa

ICC and World Governments Summit announce knowledge partnership

  • 4 November 2024

ICC has announced a knowledge partnership with the World Governments Summit (WGS) aimed at forging economic models of the future.

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The agreement was formalised in a signing ceremony between ICC Secretary-General John W.H. Denton AO and Omar bin Sultan Al Olama, United Arab Emirates (UAE) Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications and Director of the WGS.

Under the partnership, ICC and WGS will work closely to exchange insights and best practices to support the design of resilient economic models and international standards conducive to sustainable development, at both regional and global levels.

Mr Al Olama underscored the WGS' commitment to improving governance models, enhancing community quality of life, and creating better opportunities for future generations.

"Enhancing international partnerships to define future pathways and proactively tackle challenges is central to the vision and mission of the World Governments Summit," he said.

Mr Al Olama said the partnership would add depth to WGS's knowledge resources and strengthen its capacity to support decision-makers with innovative, yet practical, solutions. "Economic, trade, and business sectors hold a prominent position on the summit's agenda, as they are crucial drivers of development and prosperity," he added, highlighting the need for cooperation to design future-oriented economic models.

Recognising WGS's role in fostering dialogue on global issues, ICC Secretary General John W.H. Denton AO said:

"The World Governments Summit is increasingly recognised as a critical platform for discussing and influencing the future of global governance. As the world's largest business organisation, ICC firmly believes that no global challenge can be effectively addressed without the involvement of the private sector. Through our partnership with WGS, we look forward to leveraging the expertise and resources of our vast network, representing over 45 million companies across 170 countries, including 70% from the Global South, to foster innovative approaches to international cooperation."

Mr Denton stressed ICC's commitment to collaborative solutions that are not only innovative but also inclusive, ensuring developing economies have a voice in shaping the global economic landscape.

The World Governments Summit is a global platform that brings together leaders from government, business, and civil society to address pressing global challenges and explore future trends. Through collaborative efforts and knowledge-sharing, the Summit aims to shape the future of governance, foster innovation, and develop sustainable solutions that improve quality of life for communities worldwide.