The WTO has reached a groundbreaking agreement on the first global rules for digital trade. This accord focuses on boosting cross-border e-commerce and covers aspects like customs duties, digital signatures, cybersecurity, and consumer protection.
It also emphasizes the involvement of developing countries and addresses open government data, telecommunications regulations, and spectrum usage. Dozens of WTO countries, handling 90% of the $5 trillion global e-commerce, adopted rules in 2019 to enhance online trade, including electronic signatures and tariff exemptions.
However, India and South Africa express reservations about the increasing number of such agreements. For this agreement to become part of WTO regulations, all 164 members must approve it.
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