trade digitalisation

  • UK Export Finance’s Impact Framework

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    UKEF’s Impact Framework sets out how the department will measure the real-world impact of its financial support, while aligning with government priorities for growth, clean energy and industrial strategy. Each year, UKEF provides billions of pounds of financial support, helping businesses across the whole of the UK to export. This support is crucial, allowing UK Read more

  • An Initial Overview of Smart Contract Implementation within Financial Services & Regulatory Solutions for Risk Management

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    This smart contract Primer (referred to henceforth as this “Primer”) provides an initial overview of what smart contracts are, how they are being implemented within financial services and proposes how to apply existing legal and regulatory frameworks to mitigate risks from utilizing such technology. Developed by the members of Global Financial Markets Association (“GFMA”) and Read more

  • Indonesia’s Trade Policy Regime amidst Global Challenges

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    The global trade environment is marked by geopolitical shifts, fragmenting globalization. This fragmentation poses substantial implications for emerging economies in Asia and ASEAN, including Indonesia. ASEAN economies have benefited immensely from globalization over the past four to five decades, with major progress driven by integration into the global economy. However, growing geopolitical tensions, from Ukraine Read more

  • ICC DSI Launches Digital Trade Reliability Assessment Tool  

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    A technical tool to assess the reliability of digital services or networks, launched today, will facilitate the transfer of Electronic Transferable Records (ETR) between supply chain parties. Developed by the International Chamber of Commerce (ICC)’s Digital Standards Initiative (DSI) and the Digital Governance Council (DGC) of Canada, the new assessment framework enables an entity to Read more

  • Project Aperta: Enabling Cross-Border Data Portability Through Open Finance Interoperability

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    The Bank for International Settlements (BIS) is launching Project Aperta to explore how to reduce frictions and costs in global finance by enabling seamless cross-border data portability. The project aims to connect the domestic open finance infrastructures of different jurisdictions. The initial use case to be explored is in trade finance for small and medium-sized Read more

  • A Vision for the WTO’s Global Digital Trade Rules

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    At the 13th Ministerial Conference in 2024, World Trade Organization (WTO) members demonstrated their commitment to advancing digital trade rules—those which govern both the trade of digital products and the digital processes used in international trade—by calling for the revitalization of the 1998 work program on electronic commerce. That directive is the foundation of the Read more

  • Digital Economy Partnership Agreement

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    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

  • Analysis: Economic Security and Digital Trade: Time for an EU-US Digital Agreement

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    In response to rising geopolitical tensions, both the EU and the US are increasingly restricting the cross-border flow of trade and investments. This presents a challenge to trade liberalisation efforts in general and affects digital trade in particular. This report reviews ongoing efforts to advance the integration of digital trade and proposes a way forward Read more

  • Digital Horizons: Unlocking New Zealand’s Digital Trade Potential with Southeast Asia

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    The digital economy is growing at an unprecedented rate, accounting for nearly 16% of global GDP today, and 18% by 2028. Southeast Asia is a particular powerhouse, with the digital economy projected to exceed USD$1 trillion by 2030. Digital trade is estimated to account for around one-quarter of all crossborder commerce. Exports of digitally-delivered services Read more

  • Argentina Moves Towards the Modernisation of International Trade

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    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