Digital trade importance after COVID-19
Published 11 September 2020 | 1 minute read
The OECD's report - Leveraging digital trade to fight the consequences of COVID-19 - outlines the importance of digital trade in dealing with the disruption caused by the coronavirus pandemic.
This OECD report "Leveraging digital trade to fight the consequences of COVID-19" looks at the importance of digital trade in the aftermath of the coronavirus pandemic.
Digital trade importance for economic recovery
The physical distancing measures put in place to tackle the spread of COVID-19 have resulted in a considerable reduction in workplace mobility – declining by 55% relative to the period January-February 2020 – and an increase in mobility around residential areas.
The current crisis has accelerated the digital transformation and underscored its importance for mitigating the economic slowdown, sustaining wellbeing, and speeding up recovery. Governments and policy play an important role in helping to both enable digital transactions to occur (using trade to help digitalization) and in facilitating access (using digitalization to help trade) for the benefit of businesses and individuals.
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