ICC Malaysia seeks to increase membership – News Straits Times

11 May 2004

The International Chamber of Commerce Malaysia (ICC Malaysia) wants to increase its membership threefold to 60 members by the year-end.

The organisation is targetting local business communities who trade overseas extensively by inviting them to a series of technical seminars that are aimed at promoting international trade. The ICC Malaysia was launched 12 weeks ago and has since registered 20 members.

Chairman Datuk Mustafa Mansur said local businesses can benefit from trade linkages through the global network of International Chamber of Commerce that spans over 140 countries.

Members of ICC Malaysia can choose to have their international commercial disputes resolved through the ICC International Court of Arbitration.

"The International business community is increasingly using arbitration to resolve their commercial disputes", he said at a seminar entitled "Arbitration : Settling Business Disputes Out of Court" in Kuala Lumpur yesterday.

To date, two ICC Malaysia members, facing business disputes with their foreign-based partners, are seeking out-of-court redress through the ICC International Court of Arbitration.