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The International Trade Council Team

Archive for the ‘Digital Trade’ Category

Digital Trade, News

March 7, 2024

In a compelling address at the “Women in Trade” event in London on March 7, Deputy Director-General Johanna Hill of the World Trade Organization (WTO) shed light on the transformative impact digital trade and services sector can have on women’s socio-economic status. The event, hosted by Trade Finance Global, became a platform for advocating the […]

Digital Trade, News

December 13, 2023

In today’s global economy, digital trade has taken on an increasingly significant role. From software sales to streaming services, it has become a driving force behind economic growth. However, while digital trade offers immense potential, many developing countries are struggling to fully participate in this transformative landscape. This calls for policy reforms that prioritize inclusion, […]

Digital Trade, News

December 5, 2023

  During the recent UN Conference on Trade and Development (UNCTAD) “eWeek” 2023, Deputy Director-General Angela Ellard took center stage to highlight the pivotal role of digital trade in promoting inclusive and sustainable development on a global scale.   In her address, DDG Ellard stressed the immense potential of digital trade to create a more […]

Digital Trade, News

November 29, 2023

Toronto, Canada, 29th November 2023 – Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech ecosystem, affording customers centralized access to a choice of best-in-class electronic trade document solutions through which to streamline their digital trade finance process.   Operating its own independent Blockchain Document Transfer (BDT) platform, […]

  In a notable change of approach, U.S. Trade Representative Katherine Tai has decided to withdraw longstanding U.S. digital trade demands in World Trade Organization (WTO) negotiations. The move is aimed at providing Congress with more flexibility to regulate large technology companies effectively. The proposals, initially put forth by the Trump administration in 2019, had […]

Digital Trade, News, United Kingdom

September 8, 2023

A recent webinar conducted by the Institute of Export & International Trade (IOE&IT) has revealed that approximately 75% of businesses believe the forthcoming UK Electronic Trade Documents Act (ETDA) will positively impact their operations. The legislation is slated for implementation later this month. Digital Economy and Technology Minister Paul Scully has projected that the ETDA […]

Digital Trade, News

July 26, 2023

Toronto, Canada, 25 July 2023 – Surecomp® today announced a strategic partnership with ICE Digital Trade, formerly known as essDOCS, to drive expanded digital trade finance capabilities for corporates, banks and other financial institutions. The technical integration between the two companies allows customers using Surecomp’s collaborative trade finance hub RIVOâ„¢ to seamlessly access, consume and […]

Digital Trade, News, Ukrain, United Kingdom

November 30, 2022

International Trade Council announces the UK-Ukraine digital trade agreement, in a move to boost Ukraine’s economy amid challenges from the war and infrastructure damages. The deal was struck at a London meeting between the UK Trade Secretary Kemi Badenoch and Ukraine’s Minister for Trade and Economy Yulia Svyrydenko. The agreement aims to facilitate cross-border flows […]

The International Trade Council (ITC) is concerned by the decision of the European Court of Justice (ECJ) to strike down the EU-US Privacy Shield, which governed the transfer of EU citizens’ data to the United States. The ITC recognizes the potential negative consequences of this decision on transatlantic trade worth $7.1 trillion (£5.6tn), and urges […]