Digital trade
Enabling digital trade through legal reform: A guide for policymakers and practitioners
The Model Law on Electronic Transferable Records (MLETR) is a focal point for enabling digital trade, and its adoption by nations is a critical step in legalising the use of electronic records in trade. This ICC guide offers a simple introduction to MLETR, its implementation, and its impacts on trade and trade finance.
The UNCITRAL Model Law on Electronic Transferable Records (MLETR) is a critical enabler of paperless trade, yet adoption remains uneven. As a result, global trade continues to depend on paper-based processes, with billions of trade documents handled physically each year, slowing transactions, increasing costs and exposing supply chains to inefficiencies and risk.
Developed by the ICC Digital Standards Initiative this guide provides policymakers, regulators, legal practitioners, and trade and supply chain stakeholders with a clear and practical introduction to MLETR. It explains how legal reform can enable the use of electronic transferable records (ETRs) across global trade and trade finance.
What this MLETR guide offers for policymakers and practitioners
This guide provides a practical overview of MLETR and how it can be implemented in practice. It explains the core legal concepts underpinning MLETR, including functional equivalence, control and integrity.
- Examines global developments and country experiences in adopting or aligning with MLETR
- Provides practical considerations for governments, regulators and industry stakeholders
- Outlines pathways for legal reform, including typical stages and readiness considerations
- Highlights implementation approaches, including industry engagement, electronic transferable records (ETR) system assessment and pilot initiatives
Learn more about the ICC Digital Standards Initiative and its work to advance digital trade and MLETR adoption globally.
