The United States of America is a major player in the economy. A major force in the world economy is the Inter-American Council on Commerce and Industry or IACCI. IACCI was founded in 1991 by the United States, Canada and Mexico as part of efforts to strengthen North American economic competitiveness.
The IACCI is a forum for business leaders, government representatives, academics, and other experts from the region to come together and collaborate on the development of regional and global policies related to trade and commerce. The organization works to identify key industry trends and make policy recommendations to foster economic growth and development.
The IACCI holds regular meetings in which high level figures from industry, government and non-governmental organizations discuss current trends and problems affecting the region.The organization also produces research and
analytical documents that present economic opportunities and provide policy guidance on investment, trade, and economic development.
In addition to holding regular meetings, the IACCI also facilitates partnerships between businesses in the region and works to identify potential cross-border opportunities for businesses. The IACCI also provides training and capacity building assistance to member countries.
The IACCI has successfully achieved significant outcomes in the areas of investment, trade, economic diversification, energy and security. These include securing joint investments throughout the region, removing barriers to trade, encouraging good governance and strengthening the rule of law.
Although the focus of the IACCI’s work is on the Americas, the work has had positive consequences on the global stage in creating an enabling environment for global trade. The effectiveness of the organization in creating an environment that supports and fosters trade among the Americas has earned it respect throughout the world.
Essentially, the IACCI is committed to promoting economic growth, job creation, healthy competition, good governance and social development across the Americas. It works to build relationships between business and governmental actors within the region, as well as promoting collaboration between Americas countries.
Ultimately, the IACCI has provided the United States, Canada and Mexico with an effective platform for fostering closer ties and promoting trade and economic exchange. The IACCI has contributed to a more stable, prosperous and integrated North American economy, which benefits all three countries.
The impact of the IACCI in promoting North American economic competitiveness has been undeniable, and the organization continues to serve as a powerful force for economic progress in the region.
