Digital services boomed during the pandemic, bringing to the fore questions of global standards, governance, and taxation

Moderator:

Rem Korteweg, Senior Research Fellow, Clingendael Institute

Panellists:

Chris Southworth, Secretary General, International Chamber of Commerce, UK

Kelly Ann Shaw, Partner, Hogan Lovells

Erik van der Marel, Senior Economist, European Centre for International Political Economy

This podcast episode was recorded on July 20, 2021

The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system.

Digital trade and services have created new trade opportunities and markets. But how do we regulate, tax and set standards for the digital economy? In an environment of increasing geopolitical friction, and under the auspices of national security, is the digital trade arena becoming yet another stage for tensions to play out?

In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Chris Southworth, Secretary General, International Chamber of Commerce, UK; Kelly Ann Shaw, Partner, Hogan Lovells; and Erik van der Marel, Senior Economist, European Centre for International Political Economy. Listen as they discuss how digital standards and norms are developing across the US, EU and China – three power brokers with differing trade philosophies, values and political systems.

What will these competing models mean in practice? There are clear commercial reasons for businesses to seek harmonization. However, the brewing wars in digital censorship and privacy highlight the friction and rift even between likeminded allied blocs. How can digital trade rules be made fit for purpose? And whose rules should apply?

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