Global Momentum on Digital Trade: What’s next for the Netherlands?

Digitalization is an accelerating trend that is transforming international trade to be efficient, seamless and secure; for business, digitalizing supply chains represents a generational opportunity to drive efficiency and enable them to meet the increasing demands for traceability, data, and resiliency in today’s turbulent geopolitical environment.

The International Chamber of Commerce (ICC) is leading a global campaign to drive forward the digitalization of trade, led by the Digital Standards Initiative (DSI) and every ICC national committee working with governments, industry and multilateral organizations. This covers legal reform – through the UNCITRAL Model Law on Electronic Transferable Records (MLETR) – as well as standards harmonization and alignment, and building capacity for digital transformation.

Currently over half of the G7, and a number of forward looking smaller states such as Singapore, Bahrain, and the UAE, have aligned their legal systems to MLETR, thereby providing the framework for their trading businesses to go…