BusinessEurope's views on digital trade
- Digital trade has become a fundamental factor in the development of global economy. It concerns the economy as a whole, fostering employment, entrepreneurship, innovation and growth.
- However, barriers to digital trade do exist and there is a growing tendency to digital protectionism that needs to be addressed. Typical restrictions include tariff measures, investment limitations, limitations on cross-border data flows and forced data localisation.
- It is important that the existing international framework – based on WTO rules and other international agreements – is reinforced and the potential for an agreement on digital trade, preferably multilateral, is promoted. A stand-alone chapter on digital trade should also be included in all EU trade agreements.
What does BusinessEurope aim for?
- This position paper looks at the existing legal framework on digital trade, outlines barriers to digital trade that should be tackled and discusses how a potential agreement on digital trade could be structured.
- For BusinessEurope, an agreement on digital trade should fulfil a number of principles, namely: recognise free cross-border flow of data as a horizontal principle and aim to create a global level playing field.