Federation of Israeli Chambers of Commerce - Israeli Institute of Commercial Arbitration

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==General Information==
==General Information==
* Official name: Federation of Israeli Chambers of Commerce - Israeli Institute of Commercial Arbitration
* Official name: Federation of Israeli Chambers of Commerce - Israeli Institute of Commercial Arbitration

Current revision as of 17:49, 2 June 2010


Contents

[edit] General Information

  • Official name: Federation of Israeli Chambers of Commerce - Israeli Institute of Commercial Arbitration
  • Country: Israel
  • City: Tel-Aviv
  • Type of organization: Non-profit organization
  • Date of creation: 1990
  • Interests: Arbitration
  • Fields of expertise: Commercial Disputes

[edit] Description of the FICC

FICC - The Federation of Israeli Chambers of Commerce - is one of Israel's largest business organizations. With its finger on the pulse of the country's economy, the Federation is regarded as one of the most influential and most dynamic organizations of its kind in Israel. Strictly non-profit, non-political and non-partisan, FICC is dedicated to a market economy and free enterprise. As the country's largest employers association, FICC is one of the leading members of the coordinating council of Israel's economic organization, and represents the interests of Israel's business sector, including exporters and importers, wholesale and retail, services and manufacturers.

FICC helps foster global commercial links, and was instrumental in forging commercial ties that eventually paved the way for diplomatic relations with countries that had not previously recognized Israel, such as the USSR, China India and Indonesia. FICC was also instrumental in paving the road towards economic dialogue with Israel's Arab neighbors within the framework of the Middle East Peace Process.

Thanks to free trade agreements with countries and international trade blocs, including the USA, EEC and EFTA, Israel has become an important player in world trade. FICC is actively involved in exploiting this strategic position to ensure that Israel plays an ever-increasing role in global markets.

FICC acts as a sorting house for essential data on Israel's business sector. The Federation's educational activities are aimed at providing training to members and in promoting the teaching of business related subjects in Israel's school system. The Federation supports small businesses, and encourages entrepreneurs and new immigrants to establish themselves in Israel's business community.

FICC is a totally autonomous body that operates independently of the Government or any other institution. FICC serves as the roof organization of 6 regional Chambers of Commerce: Tel Aviv, Jerusalem, Haifa, Beer Sheva, Nazareth.

[edit] Organizational Structure

A. The Board, the Council and the President. FICC is headed by a democratically elected board and council. The board determines FICC's policy, while the council, headed by the president, supervises its implementation.

B. Trade Sections and Branches. FICC has over 110 trade sections and branches, covering every facet of the economy. Each section deals with a whole range of professionally and sectorial related issues and problems.

C. The FICC main divisions are:

  • International Trade Division
  • Economic Division
  • Import, Custom & Standardization Division
  • Commercial and Business Division
  • Labour Relation Division
  • PR and Spokesman's Division
  • Legal Division and Commercial Arbitration institute.
  • Business Training Center
  • Information


[edit] FICC and International Organizations

FICC is active in a number of international bodies. The Federation is a founder- member of ICC-Israel (International Chamber of Commerce) and is active in the International Bureau of Chambers of Commerce (IBCC). The ICC International HQ based in Paris, acts on behalf of the world business community and in conjunction with other international organizations.

The ICC handles practically every subject connected with international trade, transportation, banking and payment procedures, and also regulates the operation of the A.T.A.-Carnet Convention which permits the tax-free temporary import of commercial samples.

Additional offshoots of ICC are: International Court of Arbitration, World Industry Council for the Environment (WICE), Corporate Risk Management Services, International Maritime Bureau (IMB), Counterfeiting Intelligence Bureau (CIB), Commercial Crime Bureau (CCB) and the Centre for Maritime Cooperation (CMC).

FICC also maintains close ties with numerous other international organizations:

  • The European Chamber of Commerce.
  • The Federation of Israeli Bi-National Chambers of Commerce.
  • The International Association of Car Rental Companies (ECATRA).
  • The International Seed Federations (FIS).
  • The Federation of Real Estate Dealers (FIABCI).
  • The International Association of Freight Forwarders.

[edit] Israeli Institute of Commercial Arbitration

The IICA - Israeli Institute of Commercial Arbitration - was founded in 1990 by FICC, and is a non-profit organization approved by the Israel Minister of Justice and the President of the Supreme Court. The IICA enables parties to resolve their disputes in a highly confidential manner and in a very short time, through qualified arbitrators from various professions. The arbitrators are appointed for each case by the President of IICA or are chosen by the parties from a list of recommended arbitrators. In Israel, the success of this arbitration system has led many companies to include a clause in their business contracts to the effect that should disagreements arise, they will be settled by an IICA arbitrator.

[edit] Contact

84 Haashmonaim St. Tel-Aviv - Israel

Tel: 972-3-563-1020

Fax: 972-3-561-9027

Email: chamber@chamber.org.il

Official Website

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