A wide range of submissions on e-commerce has been made by WTO members over the past two years. “Awareness” has been raised. Frameworks, coverages, and approaches have been proposed surrounding e-commerce.
In the drive for simplicity and automation in trade, companies and banks are increasingly turning to digitisation. In the last few years, eCommerce trade has grown from a few million dollars to over $1.7T of trade in 2016. But what does it mean and why should G20 leaders take note?