Fwd: Draft un treaty to ease global electronic commerce moves
tony at tony-barry.emu.id.au
Mon Mar 29 13:31:02 EST 2004
Begin forwarded message:
> DRAFT UN TREATY TO EASE GLOBAL ELECTRONIC COMMERCE MOVES FORWARD
> New York, Mar 22 2004 5:00PM
> The chief United Nations body overseeing international trade law
> policies has taken a step closer to a treaty that would create a
> unified legal regime for worldwide electronic commerce, removing
> barriers and lowering costs for companies using the Internet to
> conduct business.
> The recommendation on a draft text adopted Friday at the conclusion of
> a week-long meeting by the UN Commission on International Trade Law's
> (UNCITRAL) Working Group on Electronic Commerce will be submitted to
> the Commission's next full session in June. The text focuses on areas
> such as legal electronic transactions, data exchanges and e-mail
> "This work will benefit world trade as it will enable and encourage
> the greater use of e-commerce," said the group's chairman, Jeffrey
> Chan of Singapore. He noted that more trade transactions are being
> conducted through electronic means, and the Internet in particular has
> grown to be a powerful tool for business.
> "The problem is that, in international business, different countries
> have different legal rules for contracts," creating uncertainty when
> the same transaction is conducted across international borders, Mr.
> Chan added. Companies often must hire lawyers in different countries
> to advise them, adding to the cost of doing business.
> The chairman said that with a treaty to create a uniform legal regime
> for such transactions, confidence in e-commerce would get a boost and
> costs could be cut. "With this, there can be an expansion of
> international trading transactions," he said.
> Jonas Astrup, who attended the meeting for the International Chamber
> of Commerce, said his organization favoured the alternative of
> self-regulation by industry. The ICC is addressing the contractual
> questions of e-commerce by developing "e-Terms 2004," voluntary rules
> to help companies negotiate contracts electronically, Mr. Astrup
> On the other hand, "the draft convention has very useful aspects, such
> as recognition of data messages, and is in synergy with our tools,"
> such as contract guidance and model clauses, Mr. Astrup said. The
> International Chamber of Commerce set up its own task force which last
> year submitted comments on the scope and purposes of the draft
> UNCITRAL works to modernize and harmonize the rules of international
> business. As trade means faster growth, higher living standards, and
> new opportunities through commerce, the Commission also seeks to
> increase these opportunities worldwide by formulating modern, fair,
> and harmonized rules on commercial transactions.
> 2004-03-22 00:00:00.000
> For more details go to UN News Centre at http://www.un.org/news
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