European Union presents proposal for new rules for global e-commerce – Business

European Union presents proposal for new rules for global e-commerce - Business

The European Union has publicly made available the document with the proposal for future rules to be introduced and their obligations on global e-commerce. The proposed laws aim to bring reality to the digitalization of the economy and to the rapid growth of e-commerce, and its impact on business and consumers globally in all countries, developments and development.

The problem that arises is that despite the rapid growth of digital business, there are currently no multilateral rules to regulate this aspect of business, says the European Union spokesman. Stakeholders are thus subject to rules introduced by some countries, bilaterally, or form agreements for the regional market.

In this sense, the European Union considers that the introduction of a comprehensive policy will be able to solve the challenges and even the opportunities offered by the digital market. The first talks have started and the EU has listed the first proposals for global e-commerce rules:

– Validation of the guarantee of contracts and electronic signatures.
– Enhance consumer confidence in the online environment.
– Take effective measures to combat spam.
– Detach the barriers that prevent cross-border sales today.
– Abolish the requirements that force the location of the data, but ensuring the protection of personal data.
– Prohibit requirements for disclosure of source code.
– Permanently ban customs duties on electronic transmissions.
– Adhere to the principle of open access to the internet.
– Upgrade existing World Trade Organization disciplines in telecommunication services to ensure that they fit into the current ecosystem of the internet, which is the main catalyst for e-commerce.
– Improve the commitment to market access for telecommunications and computer services.

The EU rules proposal will be discussed with other WTO members in Geneva from 13 to 15 May.

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