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YWP/1/L.6 · Motion · Economic Development & Enterprise

On Access to Cross-Border Payments for Micro-Enterprises

Seeks lower costs and simpler compliance for very small businesses that sell or source across borders.

Consultation
Lifecycle
  1. Draft
  2. Tabled
  3. Consultation
Young World Parliament · YWP/1/L.6

Motion

On Access to Cross-Border Payments for Micro-Enterprises

The Young World Parliament,

Noting that the cost of small cross-border payments falls hardest on the smallest enterprises,

Recognising the legitimate purposes of financial regulation,

  1. Calls for proportionate compliance requirements for cross-border payments below a modest threshold;
  2. Encourages the publication of the full cost of small international transfers before payment;
  3. Invites the United World Leaders Society to convene payment providers and young entrepreneurs on practical measures.
I

Consultation

440 members of the Community responded to statements on this Motion: agree, disagree or pass. No replies, no threads.

Total fees should be shown before every transfer.
Agree 92%Disagree 3%Pass 5%
A threshold exemption would invite abuse.
Agree 41%Disagree 44%Pass 15%
Mobile-money providers should be part of the dialogue.
Agree 85%Disagree 4%Pass 11%
III

Counsel

Senior Counsellors, the former Presidents and Prime Ministers of United World Leaders, may publish written Counsel on a frozen text. They advise; they never vote.

Reserved. In this simulation no Counsel is shown: statements are never attributed to real leaders on fictional Motions. When the Parliament opens, signed Counsel will appear here in full.