G20 Digital Economy Ministers Agree to Realize Digital Technologies to Seize 21st Century Opportunities 4 Riyadh

  • 2/10/2023
  • 08:30
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20. In order to improve our ability to monitor the social and economic impact of the digital economy, and evaluate policies to shape its evolution while ensuring that no one is left behind, including women and girls, we recognize the importance of representative indicators related to jobs, skills, including digital literacy, and growth, and their effective use across communities, taking into consideration the distribution of outcomes across gender, education, and other socio-economic factors wherever practicable. To improve data availability and current statistics and to strengthen the evidence base in measuring the digital economy, we support working with relevant stakeholders such as the private sector, business entities, educational institutions, civil society, and International Organizations, to consider identifying, developing, and using new and existing sources of data, including gender- or sex-disaggregated data, in accordance with national practices, where it does not yet exist, while protecting privacy and personal data. 21. New business models enabled by digital transformation present various measurement challenges related to data, digital services, and digital platforms. We encourage the discussion and exploration of indicators to account for various measurement challenges, providing measurement guidance where possible, and recognizing efforts to integrate the digital economy into the national accounts and other statistical systems, where appropriate. 22. We recognize the progress made to date and encourage further work on the priority areas identified by the Roadmap. V. Security in the Digital Economy 23. In 2017, we acknowledged that trust and security are vital to harnessing the potential of the digital economy. In the context of rapidly expanding digitalization and the spread of advanced technologies, enhancing security in the digital economy is increasingly important. Building on our past discussions, in 2020 we commit to working with all stakeholders to advance security in the digital economy in the service of our shared economic interests. By working together, we can help mitigate security risks in the digital economy and reduce systemic risk, contributing to the advancement of strong, sustainable, and inclusive global economic growth. 24. This year the Saudi Presidency hosted a G20 Cybersecurity Dialogue dedicated to inclusive multi-stakeholder, cross-sectoral discussion of the security risks and challenges, as well as opportunities, that characterize the digital economy. Discussions focused on ways in which inclusive capacity-building can support efforts to strengthen security in the digital economy, in particular in micro, small, and medium sized enterprises. 25. We recognize efforts by the Kingdom of Saudi Arabia to create multi-stakeholder dialogue and advance progress in addressing the complex challenges of the digital domain, including through the 2020 Global Cybersecurity Forum. 26. Recognizing that security in the digital economy is central to risk management strategies of all businesses, and highlighting the important place of MSMEs as elements of global value chains, in particular in the global economic response to COVID-19, we welcome the G20 Examples of Practices Related to Security in the Digital Economy (Annex 4), which highlights governmental programs and initiatives. This Annex includes examples provided by governments of policies related to resilience in the digital economy. We encourage all organizations to integrate the relevant aspects of resilience in the digital economy into their overall security risk management strategies, while preserving and respecting human rights. We promote continued multi-stakeholder discussions to advance security in the digital economy. VI. Way Forward 27. We recognize the role of engagement groups, the interlinkages between our work streams, and the importance of sharing ideas, experiences, and best practices, as well as practical solutions with all interested parties. We thank the International Organizations, that were invited by the Kingdom of Saudi Arabia's Presidency, including the Organization for Economic Co-operation and Development (OECD), International Telecommunication Union (ITU), International Labor Organization (ILO), International Monetary Fund (IMF), United Nations Statistics Division (UNSD), and the United Nations Conference on Trade and Development (UNCTAD), for their contributions. 28. We recognize that the digital economy has and will continue to have wide-ranging implications as a driver of inclusive economic growth and development, contributing to the achievement of the Sustainable Development Goals, and as a means to prevent and address crisis situations and aid businesses and industry in recovering from the impact of COVID-19. We acknowledge the crosscutting impact of the digital economy in overcoming development challenges, including growth, labor, employment, social, health, and cultural challenges. We therefore welcome continued discussion of the transformation of the Digital Economy Task Force to a Digital Economy Working Group. --SPA 22:37 LOCAL TIME 19:37 GMT 0026 www.spa.gov.sa/w1375905

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