WTO members activate digital trade rules among consenting countries
→Plurilateral pact takes effect without full consensus
Change
A group of WTO members activated baseline digital trade rules among 66 countries representing about 70% of global trade.
Why it matters
Participating members must apply digital trade obligations among themselves, bypassing full WTO consensus requirements.
Implications
- → Member countries must comply — regulatory alignment required
- → Non-participants excluded — trade fragmentation risk increases
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Source
View on Economic Times