WTO wants to seal negotiations on e-commerce rules in 2023
This was tackled on the sidelines of the World Economic Forum.
Twenty-two members of the World Trade Organisation (WTO) agreed to end negotiations on initiatives on e-commerce by the end of 2023.
In the Joint Statement Initiative on Electronic Commerce (JSI), the members affirmed their commitment to establishing a set of baseline rules to govern the global digital economy and achieve a substantial conclusion by end-2023.
This was tackled on the sidelines of the World Economic Forum Annual Meeting in Davos, Switzerland.
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“The JSI on E-Commerce will have a significant impact on the growth and inclusiveness of the digital economy. It will be a timely update to the current set of international trade rules, provide greater certainty and stability, and enable businesses and consumers to better benefit from the digital economy,” Singapore Minister for Communications and Information, Josephine Teo, said.
“Members need to intensify efforts to achieve our collective objective of securing a high standard agreement with the widest participation possible in a timely manner in order to harness these opportunities.”