06.03.2014 Ankara
The first 2014 Board Meeting of the International Chamber of Commerce (ICC) was held at the TOBB Union Center, hosted by TOBB and ICC Turkey President, ICC Board Member M. Rifat Hisarcıklıoğlu. Speaking at the press conference held prior to the meeting, Hisarcıklıoğlu stated that the driving force behind global economy for the last 60 years has been international trade and said, “From here on out, global development will be sustained by trade.”
Attending the press conference were TOBB and ICC Turkey President, ICC
Board Member Rifat Hisarcıklıoğlu, ICC President and McGraw Hill Financial
President Harold McGraw, Nokia Advisory Partner and Finland former Prime
Minister Esko Aho, Qatar Chamber of Commerce and Industry, Doha Insurance Compnay
Board Member Khalifa Bin Jassim Al Thani, World Chambers Federation Peter
Mihok, Daesung Industrial President Young Tae Kim, Bank of China Aviation Board
Chairman Yanling Zhang and ICC Secretary General Jean-Guy Carrier.
Hisarcıklıoğlu introduced all ICC Board Members one by one, providing
information on their background as well as their duties within the ICC Board.
Speaking about the foundation of the ICC, TOBB and ICC Turkey President,
ICC Board Member M. Rifat Hisarcıklıoğlu said, “The ICC was founded in 1919 by
a group of entrepreneurs in order to heal the wounds of WWI. They had a shared
goal: To bring prosperity to the world. The group called themselves ‘the merchants
of peace’ took on great risk by forming this international organization during
the 20th century, a time rocked by global upheaval.
This presented such a risk in that there existed no system in the world
then similar to what is present today in regards to global trade, investment
and financial relations. In fact, there wasn’t really much in terms of
international organizations,” said Hisarcıklıoğlu and stated that the merchants
of peace brought together the representatives of private sectors of various
countries under a single banner in a world beset by enmity.
- “The world needs joint action”
Stating that the world is no longer as it was in the past,
Hisar4cıklıoğlu said that complex global economic structure requires joint
action. Emphasizing that G20, the platform which brings together the largest
economies of the world, is developing joint actions in order to revitalize
global growth and increase employment, Hisarcıklıoğlu said, “The driving force
behind global economy for the last 60 years has been international trade and
from here on out, global development will be sustained by trade.”
Hisarcıklıoğlu went on to say in regards to the increasing importance of
the union of ICC and G20 which act together for the development of
international trade, “I was in Sidney along with the Deputy Prime Minister Ali
Babacan last week for G20 meetings. We exchanged ideas on how to increase
infrastructure investments with leaders of the business world and governments.
This is of vital importance for us. The global economy is in need of 57
trillion USD of investments until the year 2030. If precautions aren’t taken 20
trillion USD worth of these projects will be shelved.
This would cause the slowing down of global economic growth and the loss
of 160 to 200 million job losses worldwide. This is why G20 governments are in
search of infrastructure investments.”
- Turkey will take over
presidency of the G20 in 2015
Reporting that they are formulating solutions for these matters as the
ICC, Hisarcıklıoğlu said that ICC has successfully relayed the views of the
business world to the G20 Advisory Group and the G20 leaders.
TOBB and ICC Turkey President, ICC Board Member M. Rifat Hisarcıklıoğlu
reminded that the G20 term presidency would pass to Turkey in 2015 and
emphasized the importance of this process.
- ICC President McGraw
ICC President Harold McGraw stated that Turkey is on the path of
development and said, “Credit rating institutions will take this kind of
development into consideration.”
In regards to a question on the Transatlantic Trade and Investment
Partnership Agreement between the USA and the EU as well as Turkey’s role,
McGraw stated that both the USA and the EU are greatly interested. On Turkey’s
role, McGraw said, “This will depend on Turkey’s relations with the EU. If
Turkey becomes an EU country, it automatically becomes a member of the TTIP. It
is possible to have a free trade agreement between Turkey and the USA, however
we are focused on the Transatlantic and Turkey’s inclusion via EU membership.”
On Turkey’s credit rating in regards to the developments of recent
months, McGraw stated that credit rating institutions including Standard and
Poors need to be ideologically independent. Pointing out Turkey’s resilience
against the global financial crisis, McGraw reported that they expect 3.5%
growth in 2014-2015.
Regarding the political developments of recent months, McGraw said that
political results would be determined by the Turkish people.
Stating that the promise of growth for Turkey continue, McGraw said,
“The process of increasing life standards has begun, there is no turning back.”