trade digitalisation
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A Vision for the WTO’s Global Digital Trade Rules
At the 13th Ministerial Conference in 2024, World Trade Organization (WTO) members demonstrated their commitment to advancing digital trade rules—those which govern both the trade of digital products and the digital processes used in international trade—by calling for the revitalization of the 1998 work program on electronic commerce. That directive is the foundation of the… Read more
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Digital Economy Partnership Agreement
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
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Analysis: Economic Security and Digital Trade: Time for an EU-US Digital Agreement
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
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Digital Horizons: Unlocking New Zealand’s Digital Trade Potential with Southeast Asia
The digital economy is growing at an unprecedented rate, accounting for nearly 16% of global GDP today, and 18% by 2028. Southeast Asia is a particular powerhouse, with the digital economy projected to exceed USD$1 trillion by 2030. Digital trade is estimated to account for around one-quarter of all crossborder commerce. Exports of digitally-delivered services… Read more
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Argentina Moves Towards the Modernisation of International Trade
By Julio Martínez, International Trade graduate, and Graciela Alvarez Agudo, lawyer.AFIP General Resolution 5581/24. AFIP General Resolution 5582/2024Customs Digitalization – Elimination of the Stamp Regime. Removal of Foreign Trade Restrictions – Criterion Values. Argentina’s Customs has been implementing greater digitalization mechanisms framed within current parameters governing foreign and international trade. The challenge is not only… Read more
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Digital Securities Sandbox (DSS)
The Digital Securities Sandbox (DSS) facilitates the use of developing technology such as distributed ledgers in the issuance, trading and settlement of securities in the UK. The DSS is a regulated live environment that has been created to explore how developing technologies could be used by firms to undertake the activities of notary, maintenance and settlement for financial securities either… Read more
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Africa is Turning its Attention to Digital Trade
This newsletter focuses into digital trade, particularly highlighting critical issues from Africa’s perspective, such as data governance and the AfCFTA. tralac also explore the forefront technology of artificial intelligence (AI), along with digital governance and digital inclusion. For African countries, the most recent report from 2023 indicates a varied landscape of internet inclusivity. South Africa… Read more
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Brazil and China Seek Systems Integration to Facilitate Trade Between the Two Countries
On Wednesday, September 25, 2024, Brazil and China signed a Memorandum of Understanding (MoU) to integrate Brazil’s single foreign trade portal with its Chinese counterpart. This initiative aims to enhance the flexibility, security, and efficiency of foreign trade operations between the two nations. The agreement aims to achieve interoperability between systems by allowing them to… Read more
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International Trade Administration Announces Efforts to Advance U.S. Competitiveness and Trade in the Digital Economy
Today, the International Trade Administration (ITA) announced a series of new initiatives to advance U.S. competitiveness and trade in the digital economy. These initiatives will support policy advocacy in international engagements, provide tailored resources for U.S. businesses to leverage, and equip ITA’s digital attachés with applied experience to empower them to be stronger advocates for U.S. commercial… Read more
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The State of the Industry Report 2024 – Insights on Digital Evolution in Container Shipping
Discover ‘The State of the Industry 2024 – Insights on Digital Evolution in Container Shipping’ report, a milestone in the industry’s digital transformation journey. This comprehensive study explores the progress made, the challenges faced, and the role of standards in driving change. Through insights from 400 senior decision-makers and 35 in-depth interviews, the report provides a… Read more