Trade and Supply Chain Finance
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As global trade becomes increasingly digital, legal systems are racing to keep up. Payments are faster, documents are electronic, and supply chains span jurisdictions with very different rules. Against this backdrop, the United Nations Commission on International Trade Law (UNCITRAL) has quietly launched a set of processes that could shape how digital trade works across Read more
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United Nations Adopts New Convention Enabling Digital and Flexible Use of Cargo Documents
In December 2025, the United Nations General Assembly adopted the United Nations Convention on Negotiable Cargo Documents (NCDs), developed under the auspices of UNCITRAL and finalized in July 2025. The Convention represents a significant step forward in simplifying and digitalising international trade by extending the use of negotiable transport documents to all modes of transport. Read more
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Next-Generation Trade Corridors: How Digital Trade Superhighways Are Taking Shape
The global trading system stands at a crossroads. The International Chamber of Commerce (ICC United Kingdom) has published its 2025 report “Next-generation trade corridors — Building digital trade superhighways”, calling on governments and businesses to modernise the world’s trade corridors, making them faster, cheaper, and more sustainable. The report outlines a vision for a paperless, Read more
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Global E-Commerce Agreement Could Add Up to USD 8.7 Trillion to the World Economy
Digital trade has grown nearly twice as fast as goods trade over the past decade and is becoming a key driver of global growth. This conclusion comes from a WTO Staff Working Paper titled “Great Expectations: Quantifying the Potential Economic Impact of the WTO Agreement on E-Commerce” (ERSD-2025-06, authored by Eddy Bekkers, Javier López-González, and Read more
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The Dutch government has introduced Bill No. 36 743, amending Book 8 of the Dutch Civil Code (Burgerlijk Wetboek) to recognize the use of an electronic bill of lading (elektronisch cognossement) in maritime transport. The aim is to align Dutch law with the UNCITRAL Model Law on Electronic Transferable Records (MLETR), thus creating legal equivalence Read more
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Digital Assets, Electronic Trade Documents, and the Challenge of Private International Law
In June 2025, the Law Commission of England and Wales published Consultation Paper No. 273 on Digital assets and (electronic) trade documents in private international law, including Section 72 of the Bills of Exchange Act 1882. The paper addresses one of the most pressing questions in modern commerce: how should cross-border disputes involving blockchain, crypto-tokens, Read more
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Unlocking Europe’s Financial Data Future: Insights from the FiDA Debate
The European Union’s proposed Financial Data Access Regulation (FiDA) is emerging as a cornerstone in the ongoing transformation of Europe’s financial markets. The regulation aims to establish a comprehensive framework for data sharing across the financial sector, building on lessons from PSD2 and aligning with broader initiatives in open finance, digital identity, and the EU’s Read more
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International trade still runs on paper. From bills of lading to customs declarations, stacks of documents follow goods as they move across borders. Despite the digital revolution, the majority of these processes remain analogue, slow, and expensive. The latest OECD Trade Policy Paper – The Digitalisation of Trade Documents and Processes: Going Paperless Today, Going Read more
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The Economic Commission for Latin America and the Caribbean (ECLAC) recently published a study titled “The Potential Use of Blockchain in International Trade and its Facilitation” (International Trade Series No. 188, 2025). The report highlights how blockchain technology can reshape cross-border trade by fostering transparency, traceability, and efficiency in global supply chains. A Disruptive Technology Read more
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The European Union’s Global Gateway (GG) has been presented as the Union’s flagship initiative to mobilise up to €300 billion in sustainable infrastructure and connectivity investment worldwide between 2021 and 2027. More than four years into its implementation, however, the strategy still faces the challenge of moving from political ambition to practical delivery. A recent Read more
