E-commerce Regulations in an Emerging Era: The Role of the WTO in Resolving the Complexities of Electronic Trade

Abstract

The World Trade Organization has responded slowly to issues pertaining to harmonizing the digital economy among its member states. Because of the complex, multidimensional electronic commerce environment, there are diverse interests and conflicts among states on internet regulation. However, agreements at World Trade Organization forums act as intermediary responsibilities in forming a safe, sure, and reliable guiding structure for electronic commerce. Thus, agreements are a significant way to facilitate the advancement of the digital economy. Currently, there is no all-inclusive program for change at the World Trade Organization. This paper focuses on overhauling the organization to be in line and able to handle challenging contemporary trade treaties and manage issues relating to the digital economy. Keywords: Digital economy, Dispute settlement, Electronic commerce, GATS, Liberalization, WTO law reform, Agreements