Executive Insights with Chris Southworth - Secretary General of ICC United Kingdom

The International Chamber of Commerce has estimated that digitalizing trade documents could generate £25 billion in new economic growth by 2024, and free up £224 billion in efficiency savings..

While Electronic Trade Documentation or digitalization of trade documentation has its fair share of skeptics, naysayers, and doubting Thomases, over the past decade, the development of various technologies has made global trade based on electronic documents increasingly feasible..

However, it has also been identified that without legal reforms, the adoption of electronic trade documents and their associated benefits will lag behind..

Shipping and Freight Resource caught up with Chris Southworth, Secretary General of ICC United Kingdom and Co-chair of the Legal Reform Advisory Board for ICC’s Digital Standards Initiative as part of the Executive Insights series to discuss the issues surrounding digitalization of trade documents and the important role that the United Kingdom is playing to make this a reality..