By agreeing on a universally standardized e-trade procedural language trading parties all over the world will benefit immensely in labour and time savings, while at the same time ensuring absolute correctness in trade communication exchanges.

The European and American paper industries announced today that they are well under way in development of a single, unified, international, XML-based e-business standard designed to improve the efficiency and accuracy of the paper supply chain, while reducing the cost of operations. This standard has been named PapiNet.