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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.
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