International trade is a complicated field to handle as it involves multiple factors and conflicting claims. Nations have their own interests to pursue and this sometimes create trade barriers across the globe. In order to safeguard their own interests, countries have drafted their own laws and regulations to govern internal and external trade. Trade policies and regulations have been drafted to give advantage to local interests and to create obstacles before trading entities from other countries. That is why we have international organisations like World Trade Organisation (WTO) to regulate international trade so that trade in goods and services can be undertaken in a uniform and just manner.
However, despite the international trade agreements and other norms, we often come across one country disputing the claims and actions of other country before the WTO dispute resolution forum. So far WTO has been able to do justice to the situation but things have started changing rapidly due to advent of latest technologies like artificial intelligence, blockchain, machine learning, big data and data analysis, internet of things, etc. The smart cities would also need smart laws that are currently missing world over. There is very little focus upon crucial fields like privacy and data protection, data and cyber security, civil liberties protection in cyberspace, international cyber law treaty, international cyber security treaty, etc. So the use and adoption of technology for international trade in goods and services is suffering from multiple challenges and shortcomings.
In order to remove these shortcomings, we need to work upon at least three fronts to make international trade in goods and services effective. These are:
(1) Ensuring international harmonisation in legal and regulatory norms,
(2) Reduce existing conflict of laws in both international trade and other business fields like e-commerce, e-governance, digital economy, etc, and
(3) Make cyberspace, Internet and digital systems more trustworthy, robust, resilient and secure.
These goals cannot be achieved till we have international cooperation and involvement of global stakeholders in these fields. These fields require domain specific experts from their respective fields to work in a collaborative and holistic manner. We need policy makers, lawyers, judges, cyber law and cyber security experts, international trade experts, technology companies, international trade organisations, etc to collectively work in this direction.
We have launched a techno legal project named TeleLaw that is not only working upon the above mentioned three challenges but is also managing many more techno legal issues in fields like cyber law, cyber security, cyber forensics, artificial intelligence, blockchain, machine learning, big data, data analysis, smart cities, privacy and data protection, international trade, e-commerce, e-governance, digital economy, crypto currency, etc. The list is just illustrative and we cover many more techno legal fields.
The TeleLaw Project is already working to streamline international trade in goods and services by acting as a bridge to remove the techno legal gaps that exist as on date. We have techno legal expertise of more than 15 years and we understand both technology and laws. We also understand how to most effectively use technology and laws to make international trade in goods and services effective and hassle free. We understand the banking system, supply chain, logistics, KYC and anti money laundering norms, etc too. We understand how international laws in fields like trade, cyber law, e-commerce, etc work and how to modify them to make them compliant with contemporary requirements.
We understand the significance of collaboration and partnership and that is why we are engaging in collaboration with national and international stakeholders in fields like legal, technological, trade experts, etc. We are already testing some very effective open source tools in fields like cyber law, cyber security, cyber forensics, artificial intelligence, e-discovery, machine learning, blockchain, big data, etc. We are testing them in the context of a model smart city and a model global international trade system. Our aim is to create a digital ecosystem and digital economy that can benefit global stakeholders in fields like international trade, e-commerce, commerce and business, etc.
Once our collaboration and funding stage is over, we would discuss more about our global model that would incorporate many more techno legal features, facilities and technological tools. We hope our TeleLaw Project would provide useful to global stakeholders.