trade digitalisation
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Brazil and China Seek Systems Integration to Facilitate Trade Between the Two Countries
On Wednesday, September 25, 2024, Brazil and China signed a Memorandum of Understanding (MoU) to integrate Brazil’s single foreign trade portal with its Chinese counterpart. This initiative aims to enhance the flexibility, security, and efficiency of foreign trade operations between the two nations. The agreement aims to achieve interoperability between systems by allowing them to… Read more
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International Trade Administration Announces Efforts to Advance U.S. Competitiveness and Trade in the Digital Economy
Today, the International Trade Administration (ITA) announced a series of new initiatives to advance U.S. competitiveness and trade in the digital economy. These initiatives will support policy advocacy in international engagements, provide tailored resources for U.S. businesses to leverage, and equip ITA’s digital attachés with applied experience to empower them to be stronger advocates for U.S. commercial… Read more
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The State of the Industry Report 2024 – Insights on Digital Evolution in Container Shipping
Discover ‘The State of the Industry 2024 – Insights on Digital Evolution in Container Shipping’ report, a milestone in the industry’s digital transformation journey. This comprehensive study explores the progress made, the challenges faced, and the role of standards in driving change. Through insights from 400 senior decision-makers and 35 in-depth interviews, the report provides a… Read more
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EU and US High-level Officials Meet to Take Stock of Ongoing Cooperation Under the EU-US Trade and Technology Council
On 16 September 2024, high-level officials of the European Union and United States met to review how work has progressed under the EU-US Trade and Technology Council (TTC) since the ministerial meeting of April 2024 in Leuven, Belgium. The two sides took stock of the progress on joint work under way in various TTC working… Read more
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The UK – Southeast Asia Trade Digitalisation Pilots (TDP) is a public-private funded project that has facilitated digitalised shipments between the UK, Singapore, and Thailand. The UK government appointed the British Chamber of Commerce Singapore, with support and co-funding from industry partner LogChain, to deliver the project. The TDP builds on the success of the first… Read more
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African Continental Free Trade Area (AfCFTA) Legal Texts and Policy Documents
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
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The Digital Standards Initiative (DSI) of the International Chamber of Commerce (ICC) is on a mission to digitalise global trade by addressing some of the biggest challenges facing governments, businesses and people today. Among the four challenges1we have identified, perhaps the steepest one is around standards for interoperability. With hundreds of electronic and digital standards… Read more
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With trade in goods valued at £1.7 trillion and services valued at £896 billion, trade matters to the economy. The UK has a unique opportunity to drive economic growth and improve productivity, by digitalising international trade, reducing bureaucracy, and leveraging the Electronic Trade Documents Act 2023 (ETDA). As the first G7 economy to remove legal… Read more
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EU and China launch Cross-Border Data Flow Communication Mechanism
On 27 August, the EU and China launched the first discussions under the new Cross-Border Data Flow Communication Mechanism. Sabine Weyand, director-general of DG Trade at the European Commission, met with Vice-Minister Wang Jingtao of the Cyberspace Administration of China to formally launch the new mechanism. The mechanism will focus on practical solutions to address problems… Read more
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CBP Champions Trade Modernization Through Global Interoperability Standards Testing
U.S. Customs and Border Protection (CBP) announced the agency’s 2024-2025 plan to accelerate testing and adoption of global interoperability standards, kicking off a new testing phase for innovative trade technology. The agency will work with private and public sector partners during the 2024 testing phase this fall, leading up to international testing in 2025. Interoperability… Read more