Around 80 countries, including major economies like China and Saudi Arabia, have reached a historic agreement to regulate global digital commerce, focusing on electronic signatures and protections against online fraud. This deal, hailed as groundbreaking by the UK and described as a 'stabilized text' by its coordinators Australia, Japan, and Singapore, aims to digitize customs processes and limit spam while providing support to less developed nations. However, the United States did not join the agreement, citing the need for further work on essential security exemptions. Despite the progress, the accord faces challenges in becoming a formal World Trade Organization (WTO) agreement due to the necessity of consensus among all member countries. Countries like India and South Africa have expressed concerns about agreements that exclude any members. The initiative, launched in 2019, reflects the rapid growth of digital commerce, which accounted for nearly 25% of global trade by 2020, valued at around $5 trillion.