WTO Members Eye Int'l Rules for Digital Trade

Politics

Davos, Switzerland, Jan. 25 (Jiji Press)--Scores of members of the World Trade Organization, including Japan and the United States, agreed Friday to aim for starting negotiations on establishing international rules for promoting digital trade.

They wish to spur economic growth by preparing a framework for promoting cross-border flows of e-commerce data.

In a joint statement released after a ministerial meeting in the Swiss resort of Davos the same day, the countries and regions said, "We confirm our intention to commence WTO negotiations on trade-related aspects of electronic commerce."

"We continue to encourage all WTO members to participate in order to further enhance the benefits of electronic commerce for businesses, consumers and the global economy," they added.

At the summit of the Group of 20 advanced and emerging economies, to be held in the western Japan city of Osaka in June, Japan hopes to exercise leadership for launching the talks within this year.

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Jiji Press