Definitions[]
Digital trade is
| “ | U.S. domestic commerce and international trade in which the Internet and Internet-based technologies play a particularly significant role in ordering, producing, or delivering products and services.[1] | ” |
| “ | the delivery of products and services over either fixed-line or wireless digital networks. This definition includes U.S. domestic commercial activity as well as international trade. It excludes commerce in most physical goods, such as goods ordered online and physical goods that have a digital counterpart such as books and software, music, and movies sold on CDs or DVDs.[2] | ” |
Overview[]
"Digital trade has grown exponentially over the past two decades as part of the broader transformation in global economic activity associated with the Internet. In fact, the impact of the Internet on the global economy has been recognized as even more fundamental than that of the globalization of production and investment alone. The Internet has changed — and continues to change — how people interact; how consumers shop; how products and services are designed, developed, marketed, and delivered; and how firms operate and interact with one another."[3]
References[]
- ↑ U.S. International Trade Commission, "Digital Trade in the U.S. and Global Economies" (Part 2) (Publication No. 4485) (Investigation No. 332-540), at 29 (Aug. 2014) (full-text).
- ↑ Digital Trade in the U.S. and Global Economies, Part 1, at xii.
- ↑ Id.