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75 WTO Member States Take Part, in E-commerce Talks

Davos, 75 World Trade Organization (WTO) member states, including European Union (EU) countries, the United States and China started talks on international rules governing e-commerce, on the sidelines of the World Economic Forum here today.

WTO Director-General Roberto AzevA�do and EU Commissioner for Trade Cecilia Malmstrom said, at a meeting in the Swiss resort of Davos, that the talks are taking place, within the framework of the organization.

Electronic commerce has become a reality in most parts of the world, so we owe it to our citizens and companies to provide a predictable, effective and secure environment for online commerce, Malmstrom said in a statement.

According to the EU official, the rules would increase confidence in electronic commerce and address current barriers to cross-border electronic sales.

In addition, the rules must guarantee the validity of electronic contracts, signatures and eliminate fees for electronic financial transfers, too.

Source: Saudi Press Agency

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