Virtual Panel Series: UNCITRAL Texts and COVID-19 Response and Recovery- Day 2: Digital Economy and Trade Finance

COVID-19 has brought into sharp focus the need to build more resilient supply chains and the disadvantages of paper-based practices with respect to trade finance and logistics. In this context, calls have been made to consider the role of the UNCITRAL Model Law on Electronic Transferable Records (MLETR) as a legal enabler of paperless trade. COVID-19 has also highlighted the need for modernising the law of electronic payments, particularly for financial inclusion and in developing economies. This session will address the policy, technological and economic drivers for paperless trade and supply chain management, and the associated needs for law reform, including through the adoption of the MLETR. It will also consider the elements of an enabling legal framework for modern technologies to support efficient payment systems.

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