Digital Trade Project
At the Hinrich Foundation we consider open digital trade to be a growth opportunity for countries as well as an enabler of major productivity improvements for sectors beyond the digital sector. However, we identified that policymakers, businesses and other stakeholders needed more information to have a robust discussion about ways to harness the benefits and manage potential risks related to digital trade.
Together with local business community groups, we commissioned AlphaBeta to size the value of the digital trade opportunity (both for exports and the domestic economy) and to assess risks for eight economies in the Asia-Pacific – Australia, China, India, Indonesia, Japan, Malaysia, Philippines and Vietnam.
Our objectives for this research project included:
- Sizing the value of the digital trade opportunity for exports and the domestic economy
- Measuring the opportunity cost of having a closed digital policy
- Identifying the risks of an open digital policy and ways to address them
- Recommending key policy actions for helping economies harness the benefits and manage potential risks
Reports available for download
Australia Digital Trade Report
The Export Council of Australia and the Hinrich Foundation released the Australia report on 10 October 2018, entitled “From Resource Boom to Digital Boom: Capturing Australia’s digital trade opportunity at home and abroad.”
The report looks at the current state and future potential of digital trade in creating benefits for Australia’s economy.
It finds that digital trade already contributes significantly to Australia’s domestic economy, but there is a A$192 billion opportunity to be reaped by 2030 – with the right policies. Given the country’s economic prominence in the region, Australia also has a strong role to play in facilitating digital trade abroad.
The Digital Trade Project methodology is available here.
|Australia (now available!)|
|China (coming soon!)|
|India (coming soon!)|
|Indonesia (coming soon!)|
|Japan (coming soon!)|
|Malaysia (coming soon!)|
|Philippines (coming soon!)|
|Vietnam (coming soon!)|