UNCITRAL Secretary Praises Hong Kong's Role in Digitalizing Global Trade Law Amidst AI and Digital Asset Growth
Anna Joubin-Bret, Secretary of the United Nations Commission on International Trade Law (UNCITRAL), highlighted that the most significant transformation in global trade law over the past 60 years has been digitalization. As UNCITRAL celebrates its 60th anniversary, it is actively developing legal standards to address emerging areas such as artificial intelligence (AI) and digital assets. Joubin-Bret expressed a strong desire for close cooperation with the International Organization for Mediation (IOMed) on online dispute resolution. She also commended Hong Kong's proactive legislative amendments supporting the digitalization of trade documents, recognizing its potential to play a pivotal role in implementing new global standards for digital trade. Hong Kong's government is set to revise its local legislation this week to adopt UNCITRAL principles, facilitating the electronic transfer of trade documents.
