On November 24, 2023, the vibrant city of Hangzhou, Zhejiang Province, China, played host to the second Forum on the Rule of Law in Global Digital Trade. This event, part of the second Global Digital Trade Expo (GDTE), aimed to spark international dialogues focused on enhancing rulemaking, regulations, management, and standards in the realm of digital trade. 🌍✨
Among the distinguished attendees was Professor Mira Burri from the University of Lucerne, Switzerland, a renowned specialist in international economic and internet law. In her insightful interview with CGTN's Sr. International Editor Abhishek G. Bhaya, Burri delved into the complexities of the global digital trade landscape and its evolving legal frameworks.
Professor Burri highlighted the growing perception of a rivalry between the U.S. and China, the world's two leading powers, and its impact on digital trade. She expressed concern over how this competition fosters protectionist measures, where stakeholders prioritize their own economies over global collaboration. \"This is going very much against what the data-driven economy can enable,\" Burri explained, emphasizing the potential benefits of a globalized market where countries can thrive together. 🔄💡
Despite these geopolitical tensions, Burri noted a silver lining: the convergence of treaties. Countries are recognizing the importance of a robust global digital economy and are engaging in cooperative efforts, albeit partially. \"It's quite a complex environment, legally speaking as well as geopolitically speaking,\" she remarked, underlining the multifaceted nature of digital trade governance.
The inclusion of the Global South in shaping digital trade frameworks is another crucial aspect discussed. Burri pointed out the historical imbalance post-World War II, where Western countries predominantly influenced global regulations. However, she sees this moment as an opportunity to create more inclusive and equitable frameworks that consider the unique interests and characteristics of diverse nations. 🤝🌏
China's proactive role in digital trade rulemaking was also a focal point. Through initiatives like the Regional Comprehensive Economic Partnership (RCEP), China has been actively shaping international digital trade standards. Burri highlighted China's dense regulatory framework and its commitments to data flows and anti-localization measures, which aim to protect policy space for China and other RCEP members. \"Governments can still do a lot of things without violating their obligations under the treaty,\" she noted, showcasing the balance between regulation and economic flexibility.
As the digital economy continues to evolve, the insights from experts like Professor Burri are invaluable in understanding the delicate balance between competition and cooperation on the global stage. NewspaperAmigo.com remains committed to bringing you the latest developments and analyses in this dynamic field, keeping you informed and engaged in the world of global digital trade.
