Written by Ellis Lawson (partner) and David Green (paralegal)
A significant milestone in the digitalisation of trade was reached on 26 July 2024 with the World Trade Organisation (WTO) Joint Statement Initiative (JSI) on Electronic Commerce publishing the text of its agreement on electronic commerce.
The wide-ranging agreement’s reference to the facilitation of electronic transferable records will have piqued the interest of those in the trade finance world, with the widespread use of digital bills of exchange, promissory notes, bills of lading, warehouse receipts and other trade documents moving one step closer.
