Writing for the Institute of Export and International Trade’s professional journal, World Trade Matters, Chris Southworth, ICC United Kingdom Secretary General, explains why digital trade rules – which haven’t been updated at the WTO since 1998 – should be reformed at the international level.
Digital trade is key to enabling SME growth and access to the global economy in both developed and emerging markets, Southworth writes. However, blocks to online sales due to misaligned and unilateral regulations prevent many growing companies from trading abroad.
For this reason, rules on digital trade should be collaboratively reviewed and updated at the WTO – ensuring that the UN’s sustainable development goals (SDGs) are incorporated to align the needs of both developed and developing economies.
Read the full article on page 18 of World Trade Matter’s Spring 2018 issue.