The power of legitimacy and policy statements are derived from ICC rules that are developed through extensive consultations with company members. Normal consultative procedure requires that the policy documents must first be adopted by one or more commission, in consultation with the ICC Romania National Committee and then approved by the Executive Committee of the ICC, before they can be considered as official and public positions.
Under ICC Romania National Committee are 13 specialized commissions, modeled by the International Chamber of Commerce, where members can enroll by field of activity and interest, as follows:
- Arbitration and ADR
ICC Arbitration is a flexible and efficient procedure for resolving domestic and international disputes. The awards are binding, final and susceptible of enforcement anywhere in the world.
Established in 1923 as ICC’s arbitration body, the International Court of Arbitration pioneered international commercial arbitration as it is known today, initiating and leading the movement that culminated in the adoption of the New York Convention, the most important multilateral treaty on international arbitration.
Mediation is a flexible settlement technique, conducted privately and confidentially, in which a mediator acts as a neutral facilitator to help the parties try to arrive at a negotiated settlement of their dispute.The parties have control over both the decision to settle and the terms of any settlement agreement.
- ICC Banking Commission
The Banking Commission of the International Chamber of Commerce produce rules and guidelines for international banking practice universally accepted; rules and guidelines for documentary credits, UCP 600; development of concrete policies and regulations to improve business practices worldwide; publications and expert market knowledge of global trade.
In this context they will be periodically organized trainings, seminars and special events in partnership with ICC, CCIR and other sponsors.
- Commission on Commercial Law and Practice
Commission on Commercial Law and Practice facilitates international trade and promotes a balanced legal framework through self-regulation of international business-to-business (B2B) transactions. The Commission’s objective is to set standards for global affairs for international B2B transactions, and to provide business information on global trade rules developed by intergovernmental organizations. The Commission’s work is formed by creating a global business standard for companies and creating a model contract that facilitates trades between countries at all stages of development and across companies of all sizes and sectors.
- Commission on Competition
Commission on Competition ensures that the needs of business and market realities to be taken into account in the formulation and implementation of competition laws and policies.
It also identifies key issues in competition policy facing the business community and contributes in all actions to eliminate the problems of the business community.
- Commission on Corporate Responsibility and Anti-corruption
Commission on Corporate Responsibility and Anti-Corruption is a governing body in the private sector worldwide for developing codes of conduct and best practices for combating corruption and offers views of the business community on the key issues of corporate responsibility and anti-corruption.
Voluntary approaches, of the ICC Romania National Committee, based on the market to fight corruption and high standards of business conduct responsible help to balance the market for the global economy.
- Commission on Customs and Trade Facilitation
Global trade and investment liberalization drew attention to the practical obstacles to the free movement of goods, services and investments across borders, notably those policies and procedures related to customs and transport markets. The central objective of the Commission is to overcome these barriers and to ensure the trade and investment liberalization, both nationally and globally, has a positive impact on the individual trade transaction and transport and logistics business.
The Commission’s work focuses on customs reform and modernization, implementation of transparent and to harmonized customs policy. It also aims to simplify procedures and promote competitiveness and efficient transport markets worldwide.
- Commission on the Digital Economy
Commission on Digital Economy develops practical tools to help businesses comply with legal and political requirements. This Commission is in supporting the governments or organizations to convey the needs that companies have raised in order to simplify the processes of drafting legal frameworks and regulatory policy. At the same time, for a faster response to business needs and to minimize unnecessary obstacles or unintended consequences.
- Commission on Economic Policy
Commission on Economic Policies has the mission to advise global macro-economic issues and their implications for businesses both nationally and globally. The objectives are primarily aimed at preparing recommendations to the ICC on macroeconomic issues, dealing with both short and long term issues of global economic crisis. National business development prospects in financial, regulatory and economic stabilization, job creation and free trade and investment.
- Commission on Environment and Energy
Commission on Environment and Energy addresses the major energy and environmental issues and economic policies of interest to the world of business by developing business position documents, emphasizing and offering solutions to sustainability issues.
- Commission on Intellectual Property
Commission on Intellectual Property contributes to debates on key intellectual property issues facing the business community.
- Commission on Marketing and Advertising
Commission on Marketing and Advertising examines the major issues raised by the business community, bringing together experts in self-regulation and best ethical practices in advertising and marketing communications. The Commission also advances business positions and initiatives to attract the attention of governmental institutions about what affects the consumer and the market. This includes monitoring problems in the marketing industry to find tools or appropriate codes to address these issues raised by the business community.
- Commission on Taxation
Commission on Taxation examines the evolution of fiscal policy and legislation to put forward opinions for the business community on governmental and intergovernmental projects affecting taxation.
- Commission on Trade and Investment Policy
Commission on Trade and Investment Policy aims at motivating and engaging network members to help define multilateral trade agenda and actively promotes constant international trade.