Friday 26 July 2024

Karim Fatehi MBE, Chief Executive of the London Chamber of Commerce and Industry (LCCI) said: "Today’s announcement from the Department for Business and Trade marks a significant moment in promoting global e-commerce.

"The deal, signed by 91 countries, including China and the United States, will remove custom duties on digital content and create a more seamless e-commerce environment for businesses.

 "E-commerce is a major revenue source for many London businesses, who are the engine room of the UK economy. Our members welcome today’s groundbreaking announcement and recognise the cost-effective impact this will have on their businesses when it comes to international trade.

 "We’re encouraged by today’s news and hope to see other economies accept the terms of the deal in the future."