Download This PaperInternational Commercial Use of Electronic Data Interchange and Electronic Communications Technologies
46 Bus. Law. 1787 (1990-1991)
17 Pages Posted: 4 May 2020
Date Written: April 6, 1990
Abstract
Two of the advantages in the use of electronic communications technology to conduct business are the speed with which transactions can be conducted, and the consequent ability of commercial entities to transact business with the same ease as if they were across the street from one another, even when separated by thousands of miles of land or ocean. With the advent of more sophisticated technology, our globe is in effect, if not in fact, rapidly shrinking. Thus, it is not surprising that international trade is increasingly conducted by the electronic transmission of data in all stages of the transaction, from negotiation through contract formation, performance (e.g., shipment), insurance, and payment. While electronic communications technology currently is used for a relatively small percentage of international commerce, its eventual dominance as the primary method of conducting international business communication seems inevitable.
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