ICC Digital Trade Campaign used as evidence House of Lords

March 23, 2018

Press release: London 23rd March 2018

ICC's digital trade campaign used as evidence in House of Lords

The ICC United Kingdom's stance on digital trade is mentioned in House of Lords by Viscount Waverley, highlighting how modernising rules on digital trade will improve SME access to global markets, both in the UK and in emerging economies.

When discussing the importance of the upcoming Commonwealth Heads of Government Meeting London 2018, the viscount stated that:

There has never been a more important time to stand together in these challenging political times, in order create a conducive business environment that facilitates trade, job growth and prosperity. SMEs in particular depend on a conducive business environment that will allow them to grow. This depends on harmonising regulations, reducing non-tariff barriers and improving access to the digital economy.

Digital trade enables more entrepreneurs and businesses to trade, particularly SMEs in emerging markets. It helps remove unnecessary red tape, increase financial inclusion, tackle corruption, connect rural communities to global consumers and increase the number of women in business. Institutions such as the ICC can play a central role in bridging the gap between the private sectors and global policy makers.

The full video can be viewed here.

Leave a comment

Comments will be approved before showing up.