ICC publishes new rules for digital trade transactions
Geoffrey Wynne was quoted in the article, "ICC publishes new rules for digital trade transactions," which was published by Global Trade Review (GTR) on October 6, 2021. The article discusses the International Chamber of Commerce's (ICC) newly issued Uniform Rules for Digital Trade Transactions (URDTT), which will serve as a framework for a fully digital future trade environment.
As co-chair of the ICC drafting group that developed the new URDTT rules, Geoff emphasizes that comments and perspectives of corporates were taken into consideration as the rules were created. “We had a brief that was to write rules that corporates would use," Geoff says, "because you don’t have a trade transaction unless you have corporates. So, is it aimed at corporates? Absolutely. The corporates gave input to the ICC national committees; we knew what corporates were saying."