GENEVA–(BUSINESS WIRE)–International associations released Ten Digital Economy Guidelines in conjunction with all the G20 Advisors’ policy directives that aim in securing sustainable economic development. The Guidelines were adopted by the Union of Arab Banks (UAB), Union of Arab Chambers (UAC), International Network for SMEs (INSME), and the International Coalition for Successful Logistics (GCEL) to place the basis for successfully executing the Digital Economy.
The Digital Economy was a crucial G20 coverage directive because 2015. However, until now, nobody has described the Digital Economy, nor how it can be set up to rebalance and increase the large, mid and low carb markets.
After 15 years of R&D on the worldwide market, a global Coalition is leading to a worldwide financial growth program that digitally “Jump Starts” national markets and their trade partners via a Digital Economy Platform (DEP). This Coalition entails the public business representing 75% of the planet’s taxpayers. The Coalition will also involve the private sector constituted of the world’s top technologies, e-commerce, finance, and insurance companies with USD 1.5 trillion earnings plus a 4.7 million workforce.
These associations will be united to supply the DEP that maximizes the ability of what technology makes possible now to decrease extra trade prices by USD 4.8 trillion, raise products commerce by USD 6.3 trillion, and produce over 400 million projects from 2030.
Mr. Wissam Fattouh, UAB Secretary-General, commented about the advantages of the financial sector, “The DEP tools will better integrate banks to the B2B marketplace through the use of dynamic, high quality, and validated data. Our members will have greater transparency to reduce risks, ease regulatory compliance burdens and realize a new USD 7.5 trillion financial services market opportunity by 2030.”
This worldwide program transforms the production, agriculture and services industries by digitizing the value chains in 6 steps: 1) Produce an internet digital catalogue of products and services internationally, two ) Boost fitting of buyers together with vendors, 3) Increase the conversion ratio by viewing a good or service to purchase, 4) Supply digital funding, 5) Secure digital Insurance, and 6) Deliver digital logistics and operations applications to company transactions.
Dr. Sergio Arzeni, INSME President and former OECD Director of the Centre for Entrepreneurship, exclaimed: “To ensure global adoption, the DE must be free of cost to end users, especially benefiting SMEs, yet sustained by a unique business model.”
The app offsets monopolistic and economic issues by enabling national e-commerce, insurance and finance companies to expand services and recognize that a fresh USD 20.5 trillion electronic solutions market opportunity by 2030.
Dr. Khaled Hanafy, UAC Secretary-General, commented, “The Digital Economy must encompass a global scoring mechanism that enables all users to perform an objective evaluation of performance risk when making business decisions.”
Captain Samuel Salloum, GCEL Chairman, commented the Digital Economy Has to Be based on a comprehensive alternative, “The real Digital Economy provides seamlessly integrated commerce, finance, insurance, and logistics/operations verticals, which represent the main pillars of the B2B market place, the mother of all industries.”
The Six Digital Economy Guidelines were created to function as the basis for any future initiative linked to the execution of the Digital Economy. The Guidelines followed conclusion of this G20 Nations Case Study with 90 ministries, IGOs/NGOs, academia, and private industry experts representing 80% of the global GDP. Virtually 95% of the G20 B2B participants identified that the electronic tools that they should be competitive.