How can governments hammer out global rules for ecommerce with long-standing principles?
Leaders at the World Economic Forum Annual Meeting in Davos have emphasized a need to address ecommerce barriers, enable connectivity, provide interoperability and standards, and facilitate greater global participation in the global digital economy by developing an inclusive framework for digital trade.
- Over 70 countries have agreed that by 2020 international ecommerce rules need to be developed for the global digital economy.
- Governments need to facilitate to boost small business opportunities and protect consumers.
- However, differences in free flow data, data protection, tariffs and privacy across borders will be difficult reconcile.
Source: Nikkei Asian Review. Full article can be found here