The three co-conveners of the Joint Statement Initiative (JSI) on electronic commerce negotiations have released a fifth revised draft text. This version significantly dilutes the previously ambitious digital trade agreement, transforming it into a facilitation deal with proposals based on best endeavors, according to sources familiar with the new text.
After over six years of negotiations, the conveners are reportedly hastening to finalize a modest deal in time for the World Trade Organization's (WTO) 13th ministerial conference in Abu Dhabi early next year.
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