Mohammad Ali Rashed Lootah Elected To International Chamber Of Commerce Executive Board To Enhance Global Trade

The International Chamber of Commerce (ICC) has appointed Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to its Executive Board. This move highlights Dubai's pivotal role in promoting global trade, encouraging business expansion, and nurturing international alliances. The ICC is the largest business organisation globally, representing 45 million companies from SMEs to MNCs across more than 170 countries.

The ICC was established in Paris in 1919 and acts as the voice for the global business community. It facilitates merchandise trade valued at over US$17.5 trillion annually through its extensive membership network. The organisation has a presence in over 100 countries via its national committees.

Dubai’s influence on global cooperation is underscored by Lootah’s appointment to the ICC Executive Board. This development further solidifies Dubai's reputation as a hub for shaping the future of global trade and fostering international economic policy. It also enhances collaboration between business communities worldwide.

This appointment reflects the international community's trust in Dubai’s unique economic model. The emirate combines an ambitious vision with adaptable legislation, strong public-private partnerships, and robust support for business growth. These factors contribute to its standing among leading centres for economic decision-making globally.

The ICC plays a crucial role in promoting global trade growth and shaping international economic policies. It collaborates with local and global institutions to establish rules governing international commercial transactions and the broader global economy.

Lootah remarked, "Dubai is continuing to advance its efforts to strengthen international economic cooperation and enhance cross-border trade flows, with a strong focus on developing a dynamic global ecosystem that fosters private sector growth and promotes a more competitive business environment."

This strategic appointment not only reinforces Dubai’s leadership but also highlights its deep international ties. By being part of the ICC Executive Board, Dubai Chambers can further influence global trade dynamics and contribute to creating constructive partnerships worldwide.

With inputs from WAM