Overview

Digital International and Trade encompasses exchanging goods and services online and the cross-border transmission of information and data. It relies on digital technologies to streamline trade processes and bolster productivity, mainly by simplifying customs procedures. While information and data flows may not always be profit-driven, they serve as essential enablers of digital trade.

Why is digital trade important for all countries?

Digital trade is increasingly pivotal for all nations in global trade endeavours, presenting promising prospects for businesses and consumers. It is crucial in extending enterprises' market reach and contributing to our economy's continuous growth, an aspect of significant importance.

Key challenges reported by businesses as hindering the online sale of goods and services include the following:

  • Regulatory barriers and compliance issues
  • Tariffs, quotas, and import duties
  • Data localisation challenges
  • Issues related to online payment
  • Concerns regarding data protection, fraud, and digital offences
  • Restrictions on the transfer of information and data under the International Data Decency Act

The Digital and Trade Council is a forum for all countries to coordinate approaches to critical global trade, economic, and technology issues and deepen transatlantic trade and economic relations based on these shared values. It will be established by the International Government.

What is the Digital and Trade Council doing to effectively reduce barriers for all countries' businesses in digital trade?

The International Government is unwavering in its commitment to ensuring appropriate consumer and privacy protections in the digital economy, an increasingly important sector. This commitment is part of our role in global rule-making, which is crucial in helping businesses, including small and medium enterprises, to make the most of the digital economy.

Multilateral discussions and e-commerce negotiations

All countries are increasingly joining the Digital International and Trade Council to work together on digital trade via the International Parliament.