Oceanic Partners International Commerce Chamber On AGM

San Francisco, June 06, (THEWILL) - In keeping with its commitment to support efforts aimed at promoting best practices in domestic and global trade, Oceanic Bank International Plc is hosting the 11th Annual General Meeting of the International Chamber of Commerce (ICC) scheduled to hold in Lagos, Nigeria.
The event which will also feature the induction of new members comes up on Tuesday, 10th June 2010 at 10am at the Lagoon Restaurant, Ozumba Mbadiwe Street, Victoria Island, Lagos. The Post AGM paper on ways to evolve Taxation policies and strategies to elevate the economy will be delivered by Prince Kunle Quadri, President and Chairman of Council, Chartered Institute of Taxation of Nigeria (CITN).

The Bank stated that the event will provide a platform for members of the chamber to compare notes on topical trade issues and strategies to enhance productivity in domestic and global trade.

"Hosting the ICC AGM is our contribution to ongoing efforts geared towards enhancing robust local participation in gainful regional and global trade ventures," the Bank’s management stated.

According to the Secretary-General, ICC Nigeria Mrs. Osuntuyi, the AGM will review ICC’s activities and achievements and deliberate on strategic approach of enhancing the skills of members.

ICC Nigeria in the year under review, held workshops and training programmes on Uniform Custom Practice (UCP 600) and International Standard Banking Practice (ISBP) as well as the International Finance Corporation (IFC) Finance of International Trade (FIT) Initiative practical three months e-learning programme.

The important goals of the training was to train and certify international trade finance professionals in their core area of expertise and thus enhance their productivity in their day-to-day roles and to build an online global network of international trade and finance professionals who will share knowledge and experience on an online platform specifically developed for the programme – a powerful tool in the resolution of common trade finance queries and issues.

ICC rose to the challenge posed by the global economic recession by making known the view of the international business at the highest governmental levels, most especially the G20, which serves as the premium forum for establishing international economic policy. Amongst others, ICC represented world business in a number of international summits throughout the year, including the Internet Governance Forum, the Fifth Global Congress on Combating Counterfeiting and Piracy, and the 15th Conference of the Parties to the United Nations Framework Convention on Climate Change in Copenhagen. On this crucial topic, ICC emphasized that sustainable solutions require the creative energy, flexibility and efficiency of the business world.

International Chamber of Commerce (ICC) is the world business organization that speaks with authority on behalf of enterprises in all sectors in every part of the world. Its aim is to facilitate international trade and commercial transactions through its various Commissions by issuing guidelines and conducting trainings and seminars among other services. For example, the ICC issues guidelines on INCOTERMS 2000, Uniform Customs and Practice (UCP) for Documentary Credits 600 and many others.

Nigeria became a member of the ICC 30 years ago. ICC Nigeria is a distinct and independent body different from other Chambers in Nigeria in the sense that it provides the platform for members to tap international business practices and opportunities within a broad network of over 120 countries with National Committees linked to ICC Headquarters in Paris.