The second Forum on the Rule of Law in Global Digital Trade convened on November 24, 2023, in Hangzhou, Zhejiang Province, China, as part of the Global Digital Trade Expo (GDTE). The event brought together international experts to discuss strengthening regulations, management, and standards in the evolving landscape of digital trade.
Professor Mira Burri from the University of Lucerne, a specialist in international economic and internet law, shared her perspectives on the current geopolitical climate's impact on digital trade. In an interview with CGTN's Abhishek G. Bhaya, she highlighted the challenges posed by the perceived rivalry between the U.S. and China.
Burri emphasized that protectionist measures from major powers hinder the potential of a data-driven global market. \\"These measures go against what the data-driven economy can enable, where many countries can benefit.\\" she explained. Despite the competition, she noted a convergence in treaties as nations recognize the importance of an inclusive and open digital economy.
Addressing the inclusion of the Global South, Burri stressed the need for regulatory frameworks that consider the unique interests of different countries. \\"It's crucial to ensure that the frameworks are inclusive and equitable.\\" she stated, pointing out that developing nations may require more time to implement certain provisions.
Regarding China's role in digital trade rulemaking, Burri acknowledged China's proactive participation over the past few years. She highlighted China's dense regulatory framework and its contributions to the Regional Comprehensive Economic Partnership (RCEP), which incorporates elements from both U.S. and EU models to facilitate digital trade while protecting policy space for its members.
As the digital trade landscape continues to evolve, fostering international cooperation and inclusive rulemaking remains essential for a balanced and equitable global digital economy.
Reference(s):
Decoding the geopolitics of global digital trade and rulemaking
cgtn.com
