The digital transformation of the economy and society gives rise to a need for updated regulations and rules of the game for the digitised market.
Within the EU, this need has been reflected in a number of legislative initiatives, most recently the Digital Markets Act (DMA), the Digital Services Act (DSA) and the Artificial Intelligence Act. This work affects not only the European market but also international trade relations that extend beyond the EU's borders.
The EU is also part of the Joint Initiative (JI) on E-Commerce which was launched at the 11th WTO Ministerial in 2017 and aims at setting the global rules for digital markets.
At its 2021 Annual Conference in Sweden, the Jean Monet Network: Trade & Investment in Services (TIISA) in collaboration with The Ratio Institute and Swedish Entrepreneurship Forum organised a Policy Roundtable of experts from academia, politics, and business to discuss the relationship between the EU's legislative initiative for the internal market and developments in international trade governance, notably the JI on E-Commerce:
● Is it the EU's comparative advantage to be a leader in regulating these areas?
● How are the EU's relations with the outside world affected?
Hildegunn Kyvik Nordås,
Regulations: Rule-Maker or Deal-Breaker”, TIISA Policy Brief, December 2021.