Some progress in snail-pace e-commerce negotiations at WTO
The Joint Statement Initiative on Electronic Commerce, co-convened by Australia, Japan, and Singapore, announced a milestone on 26 July 2024, with participants reaching a stabilised text for the Agreement on Electronic Commerce after five years of negotiations. The negotiations will continue.
On 26 July 2024, Australia, Japan, and Singapore, representing the Joint Statement Initiative (JSI) on Electronic Commerce, announced a stabilised text of the Agreement on Electronic Commerce.
The negotiations at WTO will continue pending endorsement by several countries, including the United States.
The current text of the Agreement underscores the critical role of global electronic commerce in fostering inclusive trade and development, highlighting the WTO’s essential function in promoting open, transparent, and non-discriminatory regulatory environments.
The Agreement on Electronic Commerce promises substantial benefits for consumers and businesses engaged in digital trade, particularly micro, small, and medium-sized enterprises (MSMEs).
A key aspect of the agreement is its support for developing and least-developed country members, addressing their specific needs through implementation periods, technical assistance, and capacity-building support.
Recognising the evolving nature of digital technology, the statement acknowledges that certain issues remain unaddressed and will be considered in future negotiations.
The co-convenors encouraged all WTO members to support and join the initiative, committing to sustained engagement and outreach to expand participation and ensure shared benefits in the global digital economy.
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