A new commitment made by G7 digital and technology ministers to adopt electronic transferable records in international trade transactions has been hailed as a “momentous step forward” for trade digitisation, and businesses are being called upon to get ready for digital trade now – or risk being left behind.
At a meeting held last week, the intergovernmental organisation, made up of Canada, France, Germany, Italy, Japan, the UK and the US, agreed a framework that will champion the work of the United Nations Commission on International Trade Law (UNCITRAL) and promote the adoption of its Model Law on Electronic Transferable Records (MLETR).
Exclusive: Scrapping paper documents could boost UK trade by £25bn
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Digitising documents such as bills of lading for shipped goods could spark a major economic boost (Getty Images)
Digitising business and removing tens of millions of paper documents would boost small British businesses’ overseas trade by £25bn over the next four years, according to new research.
A report by the International Chamber of Commerce (ICC), seen by
City A.M., argued that UK firms were trapped in the “bureaucracies of the 16th century” and must be brought up to date for the modern age.
Digitising documents such as bills of lading for shipped goods could spark a major economic boost (Getty Images)
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Business & Human Rights Summit: New Speakers Confirmed
Business & Human Rights Summit: New Speakers Confirmed
Announcing the UN Global Compact Network UK’s flagship Business & Human Rights Summit: 2 days with 800+ CEOs, business leaders, heads of sustainability, investors, & NGOs.
Published 03-11-21
Submitted by UN Global Compact Network UK
March 11, 2021 /CSRwire/ - We invite you to participate in the UN Global Compact Network UK’s flagship
Business & Human Rights Summit. The summit will be taking place 30-31 March 2021, and is generously supported by Marshalls plc.
This event guarantees two days of future-fit solutions and best-practice sharing with 800+ CEOs, business leaders, heads of sustainability, investors, & NGOs. We put you at the centre of our sessions with deep-dive case studies, in-depth discussion, and Q&A, so you walk away with new ideas, knowledge, and connections to maximise your own impacts and advance your ambitions.
Government urged to make post-Brexit trade deals more transparent
Government urged to commit in law to publishing impact assessments of all post-Brexit free trade deals, including a clear statement on their net benefit to the country .
Parliament TV
24 Feb 2021
The government s trade policy is too secretive, with ministers avoiding scrutiny and withholding the impact of its trade agreements from the public, a cross-party group of MPs and peers has said.
A new report published by the All-Party Parliamentary Group on Trade & Export Promotion, and backed by the International Chamber of Commerce, has called on the government to commit in law to publishing impact assessments of all post-Brexit free trade deals, including a clear statement on their net benefit to the country .