MLETR
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Working paper: Towards a European “Trade Services” Regulation
Within international trade, transferable documents allow to request delivery of goods and payment based on possession of the document. Yet, it has been difficult to reproduce the notion of possession, which has to do with control over tangible goods, in an electronic environment. In order to address that situation, the adoption in 2017 by the… Read more
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Benefits of the Digitalisation of Trade Processes and Cross Border Barriers to their Adoption
Trade digitalisation is the improvement or enabling of processes through leveraging digital technologies and digitised data. In the context of international trade, this involves the digitalisation of trade-related information flows. Digitalisation will enable the exchange of trade-related data, documents, and electronic authorisations between parties in the supply chain. Trade digitalisation is attracting greater policy attention… Read more
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Identity is everything. It is key to the inner workings of our societies, governments and economies. Without it, we can only have the narrowest of realities: one without legal agreements, banking services, or even getting paid. Identity is the key to trust, and trust, really, is everything. In our digital world, where software is eating… Read more
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Legal Entity Identifiers (LEIs) are the global identity framework for cross-border trade and a foundation on which to deliver a cheaper, faster, simpler, more sustainable and secure trading system. LEIs provide the ability for companies and governments to have total transparency across the trade system: where the goods are, where they are coming from and… Read more
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Interoperable Europe Act
Regulation (EU) 2024/903, known as the Interoperable Europe Act, aims to establish a framework for achieving a high level of public sector interoperability across the European Union. Adopted on March 13, 2024, the regulation focuses on enhancing the efficiency and coordination of public services within the EU by standardizing technical, legal, and organizational aspects of… Read more
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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
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Roadmap for the Digitalization of Multimodal Data and Documents Exchange Along the Trans-Caspian Transport Corridor, Using United Nations Legal Instruments and Standards
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
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White Paper on Universal Trusted Credentials (UTC): Transforming Access to Finance for MSMEs and Beyond
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
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Blueprint Paper on Digital Trade and the UNCITRAL Model Law on Electronic Transferable Records
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
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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