History
The history of the International Chamber of Commerce – ICC Russia
The International Chamber of Commerce – The World Business Organization (ICC) is an influential non-profit organization which was established in 1919 with a view to settling pressing business development problems. With time, the group of forward-looking entrepreneurs from five countries extended the capabilities of ICC by turning it into a platform for hundreds of thousands of members in more than 120 countries. As of now, the ICC community embraces a significant number of the biggest transnational corporations as well as small enterprises.
In 1950 the World Chambers Federation was set up on the initiative of ICC and is currently fulfilling a centralizing function for more than 12 thousand trade chambers around the world.
In the 1930s, as the new world war was about to break out, the World Business Organization committed itself to overcoming the global economic depression and curbing protectionism.
In 1933, ICC issued the first version of the Uniform Customs and Practice for Documentary Credits, which have not lost their relevance in trade financing activities performed by banks around the world. Another trailblazing project Incoterms® - the international trade terms which are familiar to every trader - launched in 1936 and have until the present day been updated when necessary. In succeeding years, ICC produced the first version of the International Code of Advertising Practice.