- Digital trade, though a concept subject to various interpretations and lacking a universal definition within the World Trade Organization (WTO) or defined by domestic agencies in New Zealand, can be broadly conceived as commerce in goods and services that is enabled by digital technologies. This encompasses the production, distribution, marketing, sale, and delivery of goods and services through electronic means.
- Digital trade covers a wide range of economic activities, including but not limited to, e-commerce, cloud computing, data flows, and the use of AI technologies in transactions. It refers to both digital products, such as software, entertainment, and digital subscriptions, and to the digitisation of traditional business processes, such as online ordering and payment systems. It is characterised by the reduced need for physical presence or paper-based documentation, thereby potentially reducing costs, increasing efficiency, and broadening market access for businesses and consumers alike.