Japan-US Business Report LogoJapan-U.S. Business Report

No. 348, September 1998

Issue Index

Japanese Companies in the US


SOFTWARE AND INFORMATION SERVICES

International trade over the Internet moved closer to reality when MITSUBISHI CORP. and CommerceNet, a Palo Alto, California-based industry association promoting electronic commerce over the Internet, announced the availability of standardized documents that support international cross-certification of digitally signed trade transactions. The documents, including a model electronic commerce trade agreement for trading partners, are the outgrowth of a pilot project launched in May 1997 by JapanNet and CommerceNet. They provided independent certification authority services for their respective clients, Mitsubishi and an unnamed American trading partner. JapanNet is a consortium of companies interested in electronic commerce that is spearheaded by the trader and backed by the Ministry of International Trade and Industry.

An exchange rate of ¥145=$1.00 was used in this report.
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