The UK, alongside 90 other countries, has successfully concluded negotiations for the E-Commerce Joint Initiative at the World Trade Organization (WTO), establishing a set of rules aimed at enhancing global digital trade. This agreement is set to permanently eliminate customs duties on digital content, lower costs for UK businesses, and protect UK consumers from online fraud.

Key Elements of the Agreement:

Digitalisation of Customs Processes 📄➡️💻:

The agreement mandates the digitalisation of customs documents and processes, significantly reducing the need for physical forms and manual procedures at borders. This move is expected to make trade operations faster, cheaper, and more efficient 💨💸.

Recognition of E-Documents and E-Signatures ✍️💻: