Latest Blogs on the Timber Industry & Trade Digitization

Digitization | August 22, 2022

In an attempt to raise awareness of paperless documents and digital transactions by providing a uniform guideline for global businesses, in March 2022, the World Trade Organization (WTO) and the International Chamber of Commerce (ICC)’s DSI (Digital Standards Initiative) jointly published a standards toolkit for cross-border paperless trade.

Digitization | June 3, 2022

In the Queen's Speech (the start of the new UK parliamentary term) on 10th May 2022, His Royal Highness the Prince Of Wales and the UK Prime Minister announced the Electronic Trade Documents Bill. This means that very soon legal barriers to digitalising commercial trade documents in English Law will be dismissed and we can aim for a paperless world.

Digitization | May 18, 2022

As of the end of 2021, the ICC (International Chamber of Commerce) formed a digital legal reform advisory board that comprises industry, policy, and intergovernmental actors in the trade finance and global trade sector, intending to accelerate reforms needed to enable digital trade.

Digitization | December 30, 2021

Rapid digitalization is affecting almost all aspects of life including the way people interact, shop, work, or receive services to create or exchange values. Digital data is one of the key factors of the economic sustainability of the world, as a whole. It has also become a major strategic asset for both social and private value.