White House to unveil e-commerce plan today

A proposal that the private sector and World Bank loans assist developing nations in Internet projects is likely to be a feature of an electronic-commerce initiative die today from the US government. Countries will have to agree that the Internet will remain mostly unregulated as a condition for receiving financial assistance. The administration will also ask international trade groups to establish standards protecting consumers.

The Clinton Administration is scheduled to outline an electronic-commerce initiative this morning and also is expected to announce a successor for White House Internet policy guru Ira Magaziner, who is leaving his job in January.

The broad e-commerce plan will reportedly suggest that the private sector and World Bank loans assist developing nations in Internet projects. Countries will have to agree that the Internet will remain mostly unregulated as a condition for receiving financial assistance, Magaziner was quoted today as telling the Wall Street Journal.

The administration proposal will also ask international trade groups to establish standards protecting consumers, according to the Journal.

US Vice President Al Gore is set to release details of the initiative during a press conference at 11:40 a.m. Additional details will follow after the press conference.

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