According to Benzinga, the worlds trade body declared that there are “no specific multilateral rules” regarding digital transactions. Currently, businesses and consumers have to rely only on rules agreed by several countries in their own trade agreements.
The negotiations are aimed to lead to a multilateral legal framework for consumers and businesses, helping them to buy, sell, and do business online in a safely manner.
In addition, WTO will focus on separating ecommerce rules from the existing rules that govern traditional movements of containerised or palletised goods.
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