After months of painstaking engagement through our Digital Standards Initiative G20 trade ministers have agreed to a set of 10 high-level principles to accelerate the adoption of digital trade processes.

The 10 principles are:

• Neutrality
• Security
• Trust
• Interoperability
• Data privacy
• Reliability
• Voluntary sharing of data
• Collaboration
• Traceability
• Scalability

This is, to be sure, a great step forward in our collective effort to rid the global trading system of costly and cumbersome hard-copy documents. Aligning the world's largest economies behind a common vision for digital trade has huge potential to accelerate the adoption of the common standards and trusted technologies at the heart of our "DSI vision" for a stronger and more resilient trading system.