WE, the Ministers and Representatives of Australia, Austria, Belgium, Canada, Chile, the Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Latvia, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Senegal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom, the United States of America and the European Community, assembled in Seoul, Korea, on 17 and 18 June 2008 to discuss the future of the Internet Economy.

WE STATE our common desire to promote the Internet Economy and stimulate sustainable economic growth and prosperity by means of policy and regulatory environments that support innovation, investment, and competition in the information and communications technology (ICT) sector. We will work with the private sector, civil society and the Internet community to secure the ICT networks that underpin the Internet Economy as well as to take measures to protect the users of the Internet Economy, including the necessary cross-border co-operation.

WE ARE DETERMINED to work together to promote ubiquitous access to ICT networks and services enabling widespread participation in the Internet Economy. The further expansion of the Internet Economy will bolster the free flow of information, freedom of expression, and protection of individual liberties, as critical components of a democratic society and cultural diversity. We will also work to use the tools of the Internet Economy to address global challenges, such as climate change. In moving forward, we recognise the significant foundation that the 1998 OECD Ministerial Conference on Electronic Commerce provided to the nascent Internet Economy and take note of the outcomes of the 2003 and 2005 World Summits on the Information Society (WSIS).

WE SHARE a vision that the Internet Economy, which covers the full range of our economic, social and cultural activities supported by the Internet and related information and communications technologies (ICT), will strengthen our capacity to improve the quality of life for all our citizens by:

WE AGREE that our challenges are, through an appropriate balance of laws, policies, self-regulation, and consumer empowerment, to:

WE DECLARE that, to contribute to the development of the Internet Economy, we will:

a)         Facilitate the Convergence of Digital Networks, Devices, Applications and Services, through Policies that:

·         Establish a regulatory environment that assures a level playing field for competition;

b)         Foster Creativity in the Development, Use and Application of the Internet, through Policies that:

c)         Strengthen Confidence and Security, through Policies that:

d)         Ensure that the Internet Economy is Truly Global, through Policies that:

WE WELCOME the OECD report Shaping Policies for the Future of the Internet Economy, RECOGNISE its importance and COMMEND its consideration by OECD Member countries and non-member economies in developing their policies to support the Internet Economy.

WE COMMIT to working collectively with all stakeholders towards implementing and reviewing, as appropriate, the understanding that we have achieved in this Declaration in order to maintain its relevance to future challenges and opportunities confronting our economies and societies.

WE INVITE the OECD to further the objectives set out in this Declaration, through multi-stakeholder co-operation, by: