The European Union began a push for improved protection for traders and consumer...
BRUSSELS/GENEVA - The European Union began a push for improved protection for traders and consumers involved in online transactions, as it published proposals on Friday launching what are likely to be long and hard WTO negotiations on regulating e-commerce.
The World Trade Organization rulebook was largely written in the 1980s and 1990s before the internet revolution, and major trading powers have conflicting red lines over e-commerce.The nine-page EU proposal would aim to strengthen consumer confidence in online transactions, keep internet access open, and shield traders from attempts to restrict data flows or seize their data and source code.
The United States is pushing for rapid reform of the WTO. President Donald Trump has threatened to withdraw from it, blocked the appointment of trade judges and adopted tough tactics in trade disputes.“We’re trying our best to save the multilateral trading system in a situation where one member, the U.S., is doing everything it can - it seems sometimes - to bring it down,” the source said.
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