Why Countries Should Build an Interoperable Electronic Invoicing System Into WTO E-Commerce Negotiations

March 23, 2020

More governments and firms around the world are embracing electronic invoicing (EI) to support traditional and digital trade, and to improve tax, business, and trade services. However, as more countries create their own EI frameworks, there’s a potential they could enact country-specific technical standards that act as a barrier to digital trade. But Australia, Chile, New Zealand, and Singapore are showing how new rules, common principles, and cooperation can avoid this outcome by ensuring each country’s system is interoperable with others’. World Trade Organization (WTO) e-commerce negotiations need to include these types of EI provisions as part of a holistic package of outcomes that together build an open, rules-based, and interoperable global digital economy.