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
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
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
This white paper has been created under the purview of the UN/CEFACT cross-border management domain and focuses on improving the cross-border flow of all types of freight consignments by applying digital solutions. A digital corridor is an electronic platform that connects multiple trade ecosystems (e.g. air/ocean/land community systems or single window systems) to share the… Read more
Regulation (EU) 2020/1056, adopted on July 15, 2020, establishes a legal framework for the electronic exchange of freight transport information (eFTI) across the European Union. The regulation aims to digitalise freight transport operations, making it mandatory for public authorities to accept electronic transport documents provided by businesses. This facilitates more efficient logistics processes, reduces administrative… Read more
Australian Government undertaking a public consultation to advise on options for implementing legislation aligned with the Model Law on Electronic Transferable Records (MLETR). The MLETR is a model law developed by the UN Commission on International Trade Law (UNCITRAL). It contains a set of provisions which, if adopted into domestic law, would confirm that transferable… Read more
The Cloud Signature Consortium welcomes changes to the eIDASRegulation that pave the way for a new and ambitious European digitalidentity framework. At its core is the European digital identity wallet.This will provide EU citizens and residents with a secure and convenient formof digital identification to access public and private sector services throughoutthe entire EU bloc.… Read more
The African Continental Free Trade Area (AfCFTA) is flagship project of the African Union’s Agenda 2063, a blueprint for attaining inclusive and sustainable development across the continent over the next 50 years. It aims to boost intra-African trade by providing a comprehensive and mutually beneficial trade agreement among the State Parties covering trade in goods and… Read more
For the past few years, work has been underway to harness emerging technologies such as blockchain, smart contracts, the Internet of Things (IoT) and Artificial Intelligence (AI) within the insurance industry. The technologies can be harnessed to digitalise cargo insurance documentation. However, one of the barriers to adopting and using digital alternatives is the legal… Read more
The following communication, dated 26 July 2024 is being circulated at the request of Australia, Japan and Singapore as Co-Convenors on behalf of the participants of the Joint Statement Initiative on Electronic Commerce. We recognise the importance of global electronic commerce and the opportunities it creates for inclusive trade and development, and the important role… Read more