Digital trade refers to commerce enabled by electronic means – by telecommunications and/or ICT services – and covers trade in both goods and services. It affects all sectors of the economy and is highly important for European industry.
Digital technologies increasingly enable trade. For example:
- banks rely heavily on the international transfer of data;
- agricultural commodity traders use e-signatures to conclude international purchases;
- manufacturers, freight operators and logistics enterprises can track and improve the performance of their machines and vehicles around the world thanks to electronic data transfers, and;
- everyday items increasingly combine sensors and internet-enabled applications, large datasets, and high-performance computing capabilities (‘Internet of Things’).
Source : EU