Introduction of e-documents promises to digitise global trade
The UK’s Electronic Trade Documents Bill will make it possible for international trade to use e-documents
It’s probably not a surprise that a lot of the rules in international trade are based on English ‘law merchant’. England, after all, was the pre-eminent global naval power for centuries. What might be more surprising is that those laws, as they stand, require trade banks to courier around 4 billion documents around the world each year.