New York and New Delhi, December 1, 2006 – The International Chamber of Commerce (ICC) today elected Hong Kong businessman Victor Fung as its new vice chair. Mr. Fung was voted in by the ICC World Council, which brought together more than 100 of its business members from some 44 countries for a meeting in India this week.
Mr. Fung, who is Chairman of Li & Fung Group of companies, will begin his two-year term with ICC on January 1, 2007. He will also serve on the Executive Board of the organization alongside ICC Chairman Marcus Wallenberg and ICC Honorary Chairman Jean-René Fourtou.
Headquartered in Paris, ICC is the largest, most representative business organization in the world. Its thousands of member companies in over 130 countries have interests spanning every sector of private enterprise. The United States Council for International Business (USCIB), based in New York, serves as ICC’s American national committee.
Co-chair of the Swiss-based Evian Group and chair of the Hong Kong-Japan Business Cooperation Committee, Mr. Fung holds a number of civic and professional appointments and has written and spoken widely on international trade matters. A strong advocate of the multilateral trading system, he has served as chair of the Hong Kong Trade Development Council, as the Hong Kong representative on the APEC Business Advisory Council, and as a member of the Informal Business Advisory Body to the World Trade Organization.
“With the Doha Trade round suspended and bilateral deals on the rise, there has never been a greater need for world business to speak loudly and forcefully in favor of the multilateral trading system,” said Mr. Fung.
“I intend to reinforce this message during my term, and to work on raising ICC’s visibility in the Asia Pacific region,” he said.
USCIB promotes an open system of global commerce in which business can flourish and contribute to economic growth, human welfare and protection of the environment. Its membership includes some 300 U.S. companies, professional service firms and associations whose combined annual revenues exceed $3 trillion. As American affiliate of the leading international business and employers organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade.
Dawn Chardonnal, Communications and Media Relations Manager, ICC
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