International Trade Council

Short description: Non-profit peak-body chamber of commerce

International Trade Council

Abbreviation| ITC
Formation| September 18, 1956; 69 years ago (1956-09-18)
Type| Nonprofit peak-body chamber of commerce
Focus| Promote international business expansion
Headquarters| Washington, D.C., U.S.
Coordinates|  [ ⚑ ] : 38°54′14.6″N 77°02′17.7″W﻿ / ﻿38.904056°N 77.03825°W﻿ / 38.904056; -77.03825

Region served

| Worldwide

Membership (2021)

| 29,000

Chairman

| Roland Adams

Staff

| 47
Website| tradecouncil.org

The International Trade Council (ITC) is a non-profit peak-body chamber of commerce, headquartered in Washington, D.C., with the focus of helping businesses expand internationally. Its membership network includes government trade and investment agencies and businesses, as well as 418 member chambers of commerce and industry organizations in 79 countries.[1][2] The International Trade Council’s range of government agency members include Enterprise Estonia,[3] Business Finland,[4] Opportunities New Brunswick, and the Ukrainian Ministry of Economic Development and Trade.[5]

## Contents

* 1 Mission
* 2 Projects
* 2.1 The Think Global Conference Project
* 2.2 Go Global Awards
* 2.3 Quality in Business Certification
* 2.4 StartUp Summit
* 3 References
* 4 External links

## Mission

The stated mission of the International Trade Council is:[6]

* To provide government trade and investment agencies, industry bodies, business and entrepreneurs with the appropriate tools to support their economic development plans.
* To share information on trade-related opportunities, standards and regulations.
* To prioritize the development of human and economic resources within the jurisdictions of the Council’s constituents.
* To advance industry standards, regulation and public policies that ensure vibrant, just, and sustainable economies.

## Projects

### The Think Global Conference Project

The Think Global Conference was launched in 1982 as a platform to bring together a diverse group of business leaders under one roof. Executives are invited from multinational organizations through to startups and are paired into groups for mentoring and skill sharing. The 3-day event discusses topics ranging from international trade flows, technological advancements impacting international trade, legal challenges, foreign direct investment, free trade, supply chain and logistics, sales and marketing, privacy and security, and trade finance.[7][8][9]

In 2021 the government trade and investment agencies of Armenia, Bhutan, Croatia, Czech Republic, Estonia, Finland, Georgia, Germany, Guinea, Ireland, Jamaica, Kazakhstan, Latvia, Lebanon, Malaysia, Malta, Mauritius, Moldova, Mongolia, Mozambique, North Macedonia, Paraguay, Philippines, Singapore, Switzerland, Turkey, the Canadian province of New Brunswick, the Spanish autonomous communities of Andalusia and the Basque Country, and the Colombian city of Barranquilla; participated as speakers on topics related to foreign direct investment.[10][11][12]

### Go Global Awards

In 2011 the International Trade Council launched an awards system under the title of the ‘Go Global Awards’. The stated purpose of the awards system is to “celebrate the organizations who drive the global economy forward through their innovations, technologies and strategies” . Between 20 and 30 winning organizations are selected in different categories each year, with a key focus on how they have overcome hurdles in their journey to export products or services internationally. Past winners have included Profile Products, Canaquest, Mane Kancor and AvTech.[13][14][15][16][17]

### Quality in Business Certification

In 2019 the International Trade Council launched its own Quality in Business Certification Program . Scores are given out in each area of business operations, with the opportunity for organizations to improve their scores with each future assessment. The program positions itself as a voluntary certification program for small to medium sized businesses to help them measure themselves against others and take on best international business practices. Scores are centrally managed, and participants are assessed on an annual basis. Assessments and certifications are undertaken at no cost to members of the International Trade Council. Some of the first certified organizations include Knight Electronics, Astrum and Allsea Technologies. 543 participating organizations were certified as of May 2021.[18][19][20][21]

### StartUp Summit

In 2020 the International Trade Council launched the StartUp Summit with the stated purpose of gathering successful founders, entrepreneurs, marketing directors, investors, business incubators and government trade agencies to share their stories in fireside chats and keynotes.[22]

## References

1. ↑ "Together Towards Tomorrow". Colombo, Sri Lanka. 2016. pp. 42. https://cdn.cse.lk/pdf/CSE_Annual_Report_2016.pdf. Retrieved 24 September 2021.
2. ↑ Evans, Jennifer (10 February 2021). "Ranjani Rangan appointed International Trade Council’s new Chairperson for Singapore". B2B News Network. https://www.b2bnn.com/2021/02/ranjani-rangan-as-the-international-trade-councils-new-chairperson-for-singapore/.
3. ↑ "Virtual Trade Mission to Estonia for North America". 16 October 2020. https://newyork.mfa.ee/virtual-trade-mission-to-estonia-for-north-america/.
4. ↑ "Foreign-owned companies bring money and jobs to Finland". 19 November 2020. https://tradecouncil.org/2020/11/19/foreign-owned-companies-bring-money-and-jobs-to-finland/.
5. ↑ "The International Trade Council analyzed the work during 2018 and approved plans for 2019". 4 January 2019. https://me.gov.ua/News/Detail?lang=en-GB&id=f0ef4b54-ac5b-4c8f-8f8a-7e93b10dc4b6&title=TheInternationalTradeCouncilAnalyzedTheWorkDuring2018-AndApprovedPlansFor2019-.
6. ↑ "Our Mission". https://tradecouncil.org/mission-statement/.
7. ↑ "The Think Global Conference". 12 April 2021. https://thinkglobalconference.org/.
8. ↑ "Experts offer insights on the state of supply chains and global trade in the time of COVID-19 at this Think Global 2021 summit". 8 April 2021. https://thesoholoft.com/experts-offer-insights-on-the-state-of-supply-chains-and-global-trade-in-the-time-of-covid-19-at-this-think-global-2021-summit/.
9. ↑ Stahler, Gabriela (12 April 2021). "CTO da Privacy Tools será palestrante na Think Global Conference". Privacy Tech. https://privacytech.com.br/noticias/cto-da-privacy-tools-sera-palestrante-na-think-global-conference,392116.jhtml.
10. ↑ "Join us at The Think Global Conference". 8 April 2021. https://investcroatia.gov.hr/en/join-us-at-the-think-global-conference/.
11. ↑ "KAZAKH INVEST participated in the largest online conference “Think Global”". 14 April 2021. https://invest.gov.kz/media-center/press-releases/kazakh-invest-prinyal-uchastie-v-krupneyshey-mezhdunarodnoy-onlayn-konferentsii-think-global-confere/.
12. ↑ "Foreign Direct Investment Day: Think Global Conference 2021". 12 April 2021. https://investnorthmacedonia.gov.mk/event/foreign-direct-investment-day-think-global-conference-2021/.
13. ↑ "About the Go Global Awards". https://goglobalawards.org/about/.
14. ↑ "Profile Products earns International Trade Council Go Global Award". 12 November 2019. https://www.stma.org/news/profile-products-earns-international-trade-council-go-global-award/.
15. ↑ "CANAQUEST MEDICAL CORP is the Winner of the Go Global Awards "Business of the Year – Category of Life Science” presented by the International Trade Council". Finance Yahoo. 29 October 2019. https://finance.yahoo.com/news/canaquest-medical-corp-winner-global-161958318.html?guccounter=1.
16. ↑ "Mane Kancor bags the business of the year award at ITC Go Global Awards 2019". 11 December 2019. https://manekancor.com/archives/news-and-media/kancor-bags-the-business-of-the-year-award-at-itc-go-global-awards-2019/.
17. ↑ "Room Alert Named 2019 Innovation Product Of The Year By International Trade Council". 24 October 2019. https://www.datacentres-ireland.com/room-alert-named-2019-innovation-product-of-the-year-by-international-trade-council/.
18. ↑ "Get Recognized as a Leading Quality Business". https://www.qibcertification.org.
19. ↑ "Orion Fans Receives Quality in Business Certification from the International Trade Council". 9 August 2019. https://www.designworldonline.com/orion-fans-receives-quality-in-business-certification-from-the-international-trade-council/.
20. ↑ Ranjan, Rajeev (18 October 2019). "Astrum attains “Quality in Business Standards” certification from ITC". Telecom Today. https://www.telecomtoday.in/news/astrum-attains-quality-in-business-standards-certification-from-itc.html/.
21. ↑ "Allsee Technologies Receives Quality in Business Certification". 19 March 2019. https://www.allsee-tech.com/digital-signage-blog/allsee-technologies-receives-quality-in-business-certification/.
22. ↑ "The Startup Summit 2021". 19 January 2021. https://www.thestartupsummit.org.

## External links

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