Today the Global Business Coalition, which brings together sixteen leading independent business associations, called for international regulatory coherence in digital trade rules. While the GBC welcomed the start of negotiations on electronic commerce within the World Trade Organization, there are ongoing concerns that unilateral regulatory action could hurt global trade.
- Digital technologies and data are fundamental elements of modern business
- GBC calls for a multilateral approach to digital trade rules
- We advocate for improved Data Stewardship practices to restore consumer confidence
“The GBC has been a vocal advocate for open, fair and rules-based trade with no competitive distortions,” said GBC President Miguel Acevedo. “Today we are also united in our call for a multilateral approach to digital trade rules, and ongoing cooperation between government and business.”
Equally damaging to the digital economy is the loss of consumer confidence in the ability of governments and businesses to protect personal data. We encourage global cooperation in Data Stewardship to support businesses large and small to meet their responsibilities. At the World Economic Forum in Davos last month, Prime Minister Shinzo Abe of Japan announced Japan’s aspiration to make the G20 summit in Osaka a launch pad for ‘world-wide data governance’.
Ai Group Chief Executive, Innes Willox, said: “Ai Group, as the designated B20 Australian representative, will be joining our GBC colleagues in taking this message to the G20 and held a high-level meeting in Perth today to gather more industry input to support their digital advocacy efforts. Ai Group is committed to supporting Australian companies to remain competitive in today’s global digital economy.”
Cybersecurity protective behaviour and regulation is a precondition for ensuring trust in digital transformation as well as for protecting citizens, businesses and states.