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KDI 경제정보센터

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    Center

최신자료
Trade in a digital interoperability era
Brookings
2024.03.19
The USMCA introduced a novel chapter on digital trade. Digital trade refers to all forms of commerce conducted by electronic means, whether it be buying a good, selling a service, or accessing information. The value of trade in digitally ordered goods and services across the three North American economies could be as high as $250 billion yearly. Such trade requires cross-border data transfers. The importance of these transfers includes, for example, businesses across North America using data to streamline inventories, operations, and forecast demand, which are essential foundations for resilient supply chains. Or medium-sized companies adopting and integrating digital technologies like cloud computing and artificial intelligence (AI) into manufacturing processes, improving productivity, and creating new opportunities for regional trade. These economic and trade opportunities highlight the importance of the USCMA’s digital trade chapter. More recently, given geopolitics and emerging digital challenges, all three partners are stepping into regulating aspects of their digital economy. In this new regulatory-push context, Chapter 19 of the USMCA, the foundation of the North American approach to regulating digital trade, could help ensure that data flows between countries will not be unnecessarily restricted.