MLETR

  • The EU’s Vision for Digital Trade: Policies and Global Influence

    The digital revolution has redefined global commerce. From the exchange of goods and services to the facilitation of international supply chains, digital trade has become an essential component of economic development. In this context, the European Union (EU) has recognized the imperative need to integrate digital considerations into its trade policies, thereby shaping a comprehensive… Read more

  • UNCITRAL’s Framework for Negotiable Cargo Documents: Modernizing International Trade

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    The UNCITRAL Negotiable Cargo Documents framework is designed to modernize and harmonize the legal rules governing documents used in the transport of goods, particularly in international trade. These documents, commonly known as bills of lading, play a crucial role in shipping by serving as evidence of the contract of carriage, a receipt for the goods,… Read more

  • The Next Era of International Trade Transactions

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    Until the recent drive towards digitalisation and modernisation, the processes involved in an international end-to-end transaction could be long, cumbersome and expensive. From the shipping of goods to the payment of an invoice, the overall transaction would take place through a collection of individual, fragmented and often siloed procedures, from the issuance of paper trade… Read more

  • An Initial Overview of Smart Contract Implementation within Financial Services & Regulatory Solutions for Risk Management

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    This smart contract Primer (referred to henceforth as this “Primer”) provides an initial overview of what smart contracts are, how they are being implemented within financial services and proposes how to apply existing legal and regulatory frameworks to mitigate risks from utilizing such technology. Developed by the members of Global Financial Markets Association (“GFMA”) and… Read more

  • ICC DSI Launches Digital Trade Reliability Assessment Tool  

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    A technical tool to assess the reliability of digital services or networks, launched today, will facilitate the transfer of Electronic Transferable Records (ETR) between supply chain parties. Developed by the International Chamber of Commerce (ICC)’s Digital Standards Initiative (DSI) and the Digital Governance Council (DGC) of Canada, the new assessment framework enables an entity to… Read more

  • G7 Mapping Exercise of Digital Identity Approaches

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    Digital identity plays a crucial role in fostering a secure, inclusive, and efficient digital transformation by enabling individuals and businesses to prove their identity and share verified information through digital means. The rising demand for digital services across the public and private sector, along with concerns about digital exclusion, cybersecurity threats, and the misuse of… Read more

  • Project Aperta: Enabling Cross-Border Data Portability Through Open Finance Interoperability

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    The Bank for International Settlements (BIS) is launching Project Aperta to explore how to reduce frictions and costs in global finance by enabling seamless cross-border data portability. The project aims to connect the domestic open finance infrastructures of different jurisdictions. The initial use case to be explored is in trade finance for small and medium-sized… Read more

  • Digital Economy Partnership Agreement

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    The Digital Economy Partnership Agreement (DEPA) is a trade agreement focused on fostering collaboration in the digital economy. It was signed in June 2020 by Chile, New Zealand, and Singapore. DEPA aims to establish common frameworks and guidelines that promote seamless digital trade, innovation, and cooperation among member countries. Key features include: DEPA serves as… Read more

  • Analysis: Economic Security and Digital Trade: Time for an EU-US Digital Agreement

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    In response to rising geopolitical tensions, both the EU and the US are increasingly restricting the cross-border flow of trade and investments. This presents a challenge to trade liberalisation efforts in general and affects digital trade in particular. This report reviews ongoing efforts to advance the integration of digital trade and proposes a way forward… Read more

  • Cross-border Multimodal Digital Corridors for Regulatory-related Movements of Consignment Data and Consignment Status Information

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    This white paper has been created under the purview of the UN/CEFACT cross-border management domain and focuses on improving the cross-border flow of all types of freight consignments by applying digital solutions. A digital corridor is an electronic platform that connects multiple trade ecosystems (e.g. air/ocean/land community systems or single window systems) to share the… Read more