Digitization and the Internet have profoundly changed the environment, form and value chain composition of international trade, enabling the globalized market to become a more effective information system. Consequently, integrated with digital technology, international trade has transcended into a new epoch of deep globalization, reveling in unprecedented development opportunities.

During the 2023 World lnternet Conference Wuzhen Summit, the “Report on Developments of lnternational Normative Systems on Cross-Border E-commerce compiled by the World Internet Conference Working Group on Cross-border E-commerce was officially released. Let's take a look at the key information.

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The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.