The Digital Revolution in Global Trade PDF

THE DIGITAL REVOLUTION IN GLOBAL TRADE: POLICIES, IMPACT, AND CASE STUDIES Dubzen Yonjan Digital technology is rapidly changing global trade. We'll look at the rules shaping digital trade, how it affects businesses worldwide, and share examples of how digital tech is changing international deals...

THE DIGITAL REVOLUTION IN GLOBAL TRADE: POLICIES, IMPACT, AND CASE STUDIES Dubzen Yonjan Digital technology is rapidly changing global trade. We'll look at the rules shaping digital trade, how it affects businesses worldwide, and share examples of how digital tech is changing international deals. As we explore this, we'll highlight the challenges and opportunities for countries, businesses, and leaders in our connected digital world.  DIGITAL TRADE POLICIES: SHAPING THE FUTURE OF GLOBAL COMMERCE Data Localization and Cross- 1 Border Data Flows: 2 Intellectual Property Rights in the Digital Age: Governments around the world are trying to create rules for how data is As digital products and services stored and shared across countries. grow in global trade, rules about They want to protect national intellectual property (IP) are security while also making sure changing. This includes protecting information can move freely to copyrights for digital content, support trade. For example, the EU's setting patent rules for software General Data Protection Regulation and AI inventions, and securing (GDPR) has set a global standard for trademarks on e-commerce protecting people's data, influencing platforms. how other countries shape their own data policies  DIGITAL TRADE POLICIES: SHAPING THE FUTURE OF GLOBAL COMMERCE Cybersecurity Standards: 3 countries are adding cybersecurity rules to trade deals to keep digital transactions safe. For example, the US- Mexico-Canada Agreement (USMCA) includes sections on working together to improve cybersecurity and protect digital trade systems.  THE DIGITAL ECONOMY'S IMPACT ON GLOBAL TRADE E-Commerce Supply Chain Digital Services Revolution Digitization Trade Online marketplaces Digital technologies The rise of cloud have made it easier for have changed how computing, digital small businesses to sell globally. This has led to supply chains work by consulting, and online more international trade allowing real-time education Digitalhas created Services Trade a and the creation of new tracking, predicting business models new type of service that designed for digital needs, and managing can be traded globally. platforms. inventory more These digital services are efficiently. This has changing global trade, lowered costs and making intangible assets speed up international more valuable. trade. CASE STUDY: ALIBABA’S TRADE PLATFORM Platform Overview Digital Infrastructure Alibaba's global trade The platform leverages cloud platform connects millions of computing, AI, and blockchain to buyers and sellers streamline payments, logistics, and worldwide, facilitating cross- customs processes for international border e-commerce and B2B trade. transactions. SME Empowerment Policy Challenges By providing digital tools and Alibaba's expansion has faced market access, Alibaba has regulatory hurdles, including data enabled countless small and privacy concerns and accusations of medium-sized enterprises to participate in global trade. facilitating counterfeit goods trade. DIGITAL TRADE AND DEVELOPING ECONOMIES  THE ROLE OF BLOCKCHAIN IN DIGITAL TRADE Enhanced Security Transparenc Improved Efficiency Global Adoption y Blockchain's The immutable ledger Smart contracts and As more countries and cryptographic nature of blockchain offers automated processes businesses adopt provides a secure unprecedented enabled by blockchain blockchain for trade, it environment for transparency in technology streamline has the potential to create digital transactions, supply chains, trade operations, a new standard for reducing fraud and enabling better reducing delays and international digital increasing trust in tracking of goods and administrative costs. commerce. cross-border trade. compliance with regulations.  The Future of Digital Trade: Emerging Technologies and Trends 5G and Internet Artificial Intelligence and Virtual and of Things (IoT) Machine Learning Augmented Reality AI-powered predictive VR and AR technologies The rollout of 5G networks analytics will optimize will transform product and the proliferation of IoT trade routes, automate showcasing and customer devices will enable real- customs processes, and experiences in cross- time tracking and personalize international border e-commerce, management of global marketing strategies, allowing for virtual try-ons supply chains, significantly reducing and immersive product revolutionizing logistics trade friction and demonstrations regardless and inventory increasing efficiency. of geographic location. management in international trade.  POLICY RECOMMENDATIONS FOR A THRIVING DIGITAL TRADE ECOSYSTEM Harmonize Data Invest in Digital Promote Digital Skills Establish Cybersecurity Protection Infrastructure Development Cooperation Regulations Develop a global Prioritize investments Implement framework for data in broadband comprehensive digital Foster international protection that balances infrastructure, skills training programs cooperation on cybersecurity privacy concerns with particularly in at all levels of to protect digital trade the need for free flow of developing countries, education and infrastructure. This could data. This could involve to bridge the digital professional involve creating global creating interoperable divide. This should development. This will cybersecurity standards, data protection include public-private ensure a workforce information-sharing standards that allow for partnerships and capable of mechanisms, and joint seamless cross-border international participating fully in response protocols for cyber data transfers while development initiatives the digital economy incidents affecting ensuring adequate focused on expanding and engaging in digital international trade. protection of personal internet access and trade.  QUESTIONS 1. What are the key policies shaping the digital revolution in global trade? 2. How has the digital revolution impacted the landscape of global trade? THANK TO ALL THE PARTICIPANTS HERE YOU