Paper looks at existing legal framework on digital trade & outlines barriers

Key messages

  • Digital trade has become a fundamental factor in the development of global economy. It concerns the economy as a whole, fostering employment, entrepreneurship, innovation and growth.
  • However, barriers to digital trade do exist and there is a growing tendency to digital protectionism that needs to be addressed. Typical restrictions include tariff measures, investment limitations, limitations on cross-border data flows and forced data localisation.
  • It is important that the existing international framework – based on WTO rules and other international agreements – is reinforced and the potential for an agreement on digital trade, preferably multilateral, is promoted. A stand-alone chapter on digital trade should also be included in all EU trade agreements.

What does BusinessEurope aim for?

  • This position paper looks at the existing legal framework on digital trade, outlines barriers to digital trade that should be tackled and discusses how a potential agreement on digital trade could be structured.
  • For BusinessEurope, an agreement on digital trade should fulfil a number of principles, namely: recognise free cross-border flow of data as a horizontal principle and aim to create a global level playing field.

To read the Position Paper – BusinessEurope’s views on digital tradeclick here

Source: BusinessEurope

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