Which organization has significant influence over global regulations?

The International Chamber of Commerce (ICC) plays a crucial role in the formulation and promotion of global business regulations and standards. It is renowned for representing businesses, advocating for free trade, and providing a platform for the development of international policies that facilitate cross-border commerce. The ICC actively engages in discussions on various economic and regulatory issues, making its influence substantial in shaping global trade laws and practices.

In addition, the ICC has established codes and guidelines, such as the Incoterms, which are widely accepted and utilized by businesses globally to navigate the complexities of international trade. This positioning enables the ICC to wield significant influence when it comes to establishing consensus on regulatory frameworks that affect global commerce.

Other organizations, while impactful in certain sectors or issues, do not parallel the ICC's direct influence on international business regulations. For instance, the World Wildlife Fund primarily focuses on environmental conservation, the United Nations addresses a broad range of global issues including humanitarian and peacekeeping efforts, and Greenpeace is known for its activism in environmental protection, but lacks the same level of influence in regulatory matters concerning international business.