Japan, EU Execs to Propose WTO E-Commerce Round

TOKYO (07/17/2000) - A group of business leaders from Japan and the European Union are expected to call on their governments Tuesday to push deregulation in the information technology and e-commerce sectors and recommend a new World Trade Organization (WTO) round to standardize global e-commerce, IDG News Service has learned.

The proposals are expected to be made at the end of the two-day EU-Japan Business Dialog Round Table, which began Monday in Tokyo, and will be presented to government officials attending the one-day EU-Japan Summit that will take place on Wednesday, also in Tokyo, sources close to members involved say.

The round-table group is planning to call on the governments of the European Union and Japan to further deregulation to create an economy in which e-commerce and IT will flourish and act as generators of new growth.

Additionally, it plans to call on the summit to recommend the launch of a new global WTO round that will standardize e-commerce systems and related procedures, to prevent a mix of formats and systems that might hamper the growth of e-commerce.

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