January 24, 2020
On January 24 (local time), 2020, Mr. Makihara Hideki, State Minister of Economy, Trade and Industry, attended a Ministerial Meeting on the World Trade Organization (WTO) Negotiations on Electronic Commerce, held in Davos, Switzerland, as a co-chair, and exchanged views with other participating ministers concerning the expected progress of future negotiations.
On January 24, 2020, State Minister Makihara and Mr. Wakamiya Kenji, State Minister for Foreign Affairs, together with H.E. Mr. Mathias Hubert Paul Cormann, Minister for Finance, Australia, and H.E. Mr. S Iswaran, Minister for Communications and Information, Singapore, hosted the Ministerial Meeting on WTO Negotiations on Electronic Commerce in Davos, Switzerland.
At the meeting, participating ministers exchanged views concerning approaches to building up the momentum in the WTO negotiations on Electronic Commerce into and beyond the 12th WTO Ministerial Conference (MC12) as well as other issues. Moreover, ministers agreed to develop a consolidated negotiating text by MC12.
Participating countries stated the need for smooth advancement of discussions for developing commercially meaningful, high-standard rules for further expansion of the digital economy and expressed expectations for the further advancement of negotiations.
State Minister Makihara expressed that Japan, upholding the Data Free Flow with Trust (DFFT) concept, intends to promote international discussions on the digital economy under the Osaka Track, a framework launched at the G20 Osaka Summit meeting. This is hoped to make a positive impact on progress in the negotiations on electronic commerce. He called on participating countries to accelerate the negotiations on electronic commerce aiming to make high-standard rules with as many member countries as possible.
After the meeting, three co-chair’s countries announced a joint media release.
Division in Charge
Multilateral Trade System Department, Trade Policy Bureau