Global Digital Trade Agreement Reached by 80 Nations, Excludes US
New rules aim to streamline e-commerce with digital customs, e-signatures, and fraud protections, but US and other key countries remain hesitant.
- The agreement includes digitalisation of customs processes and recognition of e-signatures.
- It aims to protect online consumers and provide legal safeguards against fraud.
- The deal could significantly boost economies by making trade faster and more secure.
- US and several other countries have reservations, citing security and privacy concerns.
- Consensus among all WTO members is required to formalize the agreement.