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Digital Trade Agreement: WTO Joint Initiative on Electronic Commerce
26 July 2024
Type
Written Ministerial Statement
Department
Department for Business and Trade
TAGS
At a Glance
Issue Summary
The UK has joined the Joint Initiative on Electronic Commerce, a global digital trade agreement negotiated at the World Trade Organization (WTO) with 90 other countries.
Action Requested
The process to incorporate the JI into the WTO legal framework will commence shortly, and it will then be laid before Parliament for domestic ratification. The initiative aims to boost UK GDP by improving global trade in goods, services, and information.
Key Facts
- Global digital trade is worth £4 trillion.
- Exports of digitally-delivered services amounted to £252 billion in 2021.
- The JI will be laid before Parliament for domestic ratification.
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Assessment & feedback
Summary accuracy