In today’s global economy, international trade is becoming more accessible to small businesses. The Internet easily allows growing companies to inexpensively and efficiently reach new customers, promote new and exciting products, and quickly share information worldwide. Digital trade and the rise of e-commerce have added value to data as a commodity that can be traded across international lines.
Simultaneously, this rapid technological transformation has propelled digital trade faster than international legal systems can respond. Enacting trade policies that protect consumers is essential but cannot be the singular focus of government action. The United States is home to more than 30 million small businesses that operate online and utilize digital ads, marketplaces, and platforms to increase profits and create jobs.