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It observes that the COVID pandemic has accelerated the uptake of digital innovation and e-commerce and led countries to strengthen policies aimed at boosting growth through innovation and technological upgrading. The report showcases ways in which the WTO world trade news deposit option innovation, including through eliminating tariffs on internet and telecommunications infrastructure products, stimulating e-commerce, liberalizing internet services, and providing a stable framework for the development of global and open standards and intellectual property protection.

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The WTO launched the publication in an online event on 23 November. The report highlights a number of new policy instruments that are being used to support this transition. These include policies to address access to data, research and development world trade news, such as tax breaks to facilitate digital innovation, and technological hubs to maximize knowledge spillovers and knowledge diffusion.

Governments are also continuing to employ several conventional policy instruments, including investment and tax incentives to world trade news local technologies, incentives to foster patent and other intellectual property creation, tariffs on infrastructural equipment, and innovation-oriented procurement to shift markets towards innovative products and incentives.

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The rising importance of data as an input in production is resulting in a demand for new international rules on data transfer, data world trade news, and privacy protection. Challenges include developing world trade news necessary infrastructure to facilitate this transition. On COVID, the report observes that the pandemic has accelerated the uptake of digital innovation and e-commerce and led countries to strengthen policies aimed at boosting growth through innovation and technological upgrading.

Correspondingly, governments have introduced support measures for capacity building and upgrading in information and communication technology ICT.

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The report highlights significant growth in online platforms since the start of the pandemic. The report also showcases ways in which the WTO has supported innovation, including through eliminating tariffs on internet and telecommunications infrastructure products through the Information Technology Agreement ITA. The report observes that the rising importance of data as an input in production and the potential use of such data is resulting in a demand for new international rules on data transfer, data localization, and privacy protection.

The World Trade Report is an annual publication that aims to deepen understanding about trends in trade, trade policy issues, and the multilateral trading system MTS.