AUSTRALIA’S INTERNATIONAL CYBER ENGAGEMENT STRATEGY TRADE FACILITATION Australia supports practices that improve the efficiency of trade conducted electronically, including through the use of digital technologies, such as paperless trading and electronic authentication (see Table 1, page 15). Australia will continue to support trade facilitation in key international forums. This includes exploring the trade-enabling and cost reduction potential of emerging technologies such as Blockchain. Australia also recognises that strong cyber security builds trust in cyberspace and facilitates digital trade. AUSTRALIA WILL: 1.03 Oppose barriers to digital trade and advocate for implementation of the WTO Trade Facilitation Agreement through bilateral representations and involvement with WTO committees and councils, APEC and the G20 1.04 Design and trial an electronic Secure Trade Lane with New Zealand to provide benefits for trusted traders in both countries SUPPORT REGULATORY COOPERATION Regulators are responsible for ensuring fairness and transparency in markets and establishing an enabling environment for digital innovation. Cooperation between regulators is important for supporting digital trade. It can build trust and overcome uncertainty and other barriers 18 to the growth of digital trade. Regulatory cooperation in the financial technology sector is already underway and has yielded early successes (see International Efforts of the Australian Securities and Investment Commission, page 19).