The United States and Japan, among the world’s largest economies, are close economic partners. As a top U.S. trade partner, Japan has been a priority for U.S. trade negotiations and regional economic cooperation. The U.S. and Japan do not have a comprehensive bilateral free trade agreement (FTA); the partners have two limited trade deals. The… Read more
The harnessing of blockchain technologies, to contribute to development priorities in countries and the achievement of the Sustainable Development Goals, is discussed in this note. The potential of blockchain technology for sustainable development is illustrated, demonstrating how its use might revolutionize processes in various areas, from finance to trade and from government public services to… Read more
This report explores the impact of the eIDAS revision (eIDAS2) and the evolving EU Digital Identity landscape on data spaces. It emphasises the critical role of digital identity as a fundamental building block for data spaces, analysing how eIDAS regulations, both current and revised, offer opportunities for enhancing digital identity procedures in data spaces. The… Read more
Recognizing the historical importance of digital technologies and noting the importance of digital transformation for enhancing the integration of landlocked developing countries in the global economy, creating new opportunities for trade and transport to reap the full benefits of green and sustainable economic development, Confirming the conclusions of the 70th session of the United Nations… Read more
Micro, small and medium-sized enterprises (MSMEs) are the building blocks of every nation’s economy, accounting for up to 90% of businesses and 70% of employment worldwide.1 Unsurprisingly, SME development has become a key priority for many governments, as evidenced by UNDP’s extensive country-level work in that field, around the world. Yet, globally, MSMEs still face… Read more
For centuries, as the backbone of the global economy, domestic and international trade, and trade finance, have driven business practices that evolved into legal norms. These have been conducted and recorded in vast numbers of paper-based documents, the exchange of which continues to be mostly done physically. This paper-based process has many deficiencies and inefficiencies.… Read more
You are likely reading this on a digital device. In the last week you’ve probably done your banking, communicated, and maybe even booked a flight, an Uber or a holiday — all digitally. You may even find it hard to remember when you last needed a paper document. Yet in international shipping, almost 96% of… Read more
Digital public infrastructure is described as a set of shared digital systems that should be secure and interoperable, and can be built on open standards and specifications to deliver and provide equitable access to public and / or private services at societal scale and are governed by applicable legal frameworks and enabling rules to drive… Read more
The Recommendation on the Governance of Digital Identity was adopted by the OECD Council meeting at Ministerial level on 8 June 2023 on the proposal of the Public Governance Committee (PGC). The Recommendation aims to guide Adherents in their efforts to successfully establish domestic approaches to digital identity that are user-centred, trusted and well-governed and… Read more
International trade between professionals is built on a complex documentary chain, yet it is far less digitalised than e-commerce. The latter enables consumers to order or exchange goods and services, cancel orders, have items delivered and pay without a single paper-based document. Less than 0.1% of the four billion new documents produced each year in… Read more