After five years of negotiations, the World Trade Organization´s (WTO) new e-commerce agreement was finalized, published and welcomed by the International Chamber of Commerce (ICC), marking a significant advance in global digital trade regulations. Said deal, known as the “WTO Agreement on E-Commerce,” introduces a standardized framework to govern cross-border data flows and electronic contracts, which the ICC believes is crucial for the expansion of a secure digital economy.
The agreement addresses key issues such as data privacy, cybersecurity, and digital taxation, as it aims to lower the trade barriers for e-commerce and streamline international transactions, thereby supporting business growth and innovation. The ICC highlights that these new rules will offer greater regulatory clarity and facilitate smoother digital trade for companies of all sizes.
