G20 is Right to Focus on Importance of Digital Trade

techUK welcomes the G20 Digital Economy Ministerial Declaration issued last Friday. The principles agreed by G20 leaders make marked progress in reflecting the recommendations that techUK - together with tech trade voices from around the world, including DIGITAL EUROPE, ITI Bitkom, Anitec, Tech’in’France, Syntec Numérique, and JEITA - presented in February. Regulating the digital world increasingly requires global thinking, with national Governments working together to develop aligned policy environments that work for their populations and economies.

Commenting on the ministerial declaration, Charlotte Holloway, Policy Director at techUK said:

“G20 leaders have rightly recognised that finding routes to boost digital trade is a shared economic opportunity. This is all the more important for the UK in a post-Brexit world, where the UK is world-leading in the digital economy in terms of its proportion of GDP. Improving the rules that oversee digital trade can unlock growth and entrepreneurship by helping UK entrepreneurs reach out to new consumers and businesses all over the world.”

At the G20 Digital Multi Stakeholder Conference last Thursday, German Economy Minsiter Brigitte Zypries stated that Governments and industry need to reaffirm the principle of free trade in a digitally connected world. Digital protectionism is not a solution. techUK urges the UK Government to take a role alongside G20 leaders to seize the opportunity of the WTO’s Eleventh Ministerial Conference (MC11) to make progress on future-proofing digital trade principles – especially in the areas of free flow of information, cyber security, intellectual property rights, global standards and technical regulations, consumer protection and transparency.

As DIGITAL EUROPE has made clear, digital trade makes a substantial contribution to developing and developed countries. McKinsey recently highlighted that approximately 12% of the global goods trade is conducted via international e-commerce, while global flows of goods, foreign direct investment, and data have increased current global GDP by roughly 10% compared to what would have occurred in a world without such flows.

>> Read about techUK’s work on the G20 to date

>> Read the DIGITAL EUROPE press release on the G20 ministerial declaration

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