G20 Sets Global Digital Economy Agenda in Argentina Declaration
The G20 Digital Economy Ministers, representing 85% of global economic output, have released a joint Declaration in Argentina, highlighting the importance of quality digital infrastructure, innovation, and appropriate policy frameworks for a thriving global digital economy. The Declaration reflects many recommendations from industry groups and sets an ambitious agenda for digital inclusion and innovation.
The G20, comprising 19 countries and the European Union, met in Argentina to discuss facilitating innovation for global development. The final Declaration was accompanied by four policy paper annexes focusing on digital government, bridging the gender divide, measuring the global digital economy, and enhancing digital infrastructure. Argentina's 2018 G20 presidency set an ambitious digital agenda, concentrating on digital inclusion, future jobs, SMEs, and Industry 4.0.
The Declaration emphasized the need for promoting a business-friendly environment for entrepreneurs and SMEs in the global digital economy. It acknowledged the importance of developing skills required by the global digital economy to enable equal opportunities for all. The G20 committed to sharing experiences and enhancing cooperation in using emerging digital technologies, such as 5G, IoT, and AI. The Declaration also recognized the necessity for flexible legal frameworks to facilitate innovation in these emerging technologies.
The G20 Digital Economy Ministers' Declaration, released in Argentina, serves as a roadmap for global cooperation in fostering a thriving global digital economy. By focusing on digital infrastructure, innovation, policy frameworks, and skill development, the G20 aims to drive growth, inclusion, and equal opportunities in the global digital age.
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