Bill Clinton: “Commerce November 30, 1998 Australia and the United States believe that the growth of the information economy is a…”

“Commerce November 30, 1998 Australia and the United States believe that the growth of the information economy is a significant and positive development for both countries and, generally, for society and global business. The benefits of e-commerce, in particular, include access to new markets, quality of service, encouragement of innovation, more efficient management of supply and distribution and better customer service. These benefits should accelerate economic growth in all sectors, and across all regions and communities. I. Purpose of Statement This joint statement is being made in order to accelerate the development of e-commerce in both countries and empowerment of individual citizens by: providing certainty and building confidence for government, business and consumers in key areas of e-commerce; facilitating progress in key areas, particularly a transparent and consistent legal framework; promoting a dialogue between Australia and the US on e-commerce issues which will benefit government, business and consumers. II. Policy Principles The growth of electronic commerce will be led by the private sector, and its continued development depends on leadership by the private sector in key areas both domestically and internationally. Competitive market-based solutions to specific issues for the information economy will promote optimal growth and benefits. Governments should avoid imposing unnecessary regulations.…”