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The United Nations body for Trade Facilitation and Electronic Business (UN/CEFACT) and the Organization for the Advancement of Structured Information Standards (OASIS) have joined forces to initiate a worldwide project to standardize XML business specifications. UN/CEFACT and OASIS have established the Electronic Business XML initiative to develop a technical framework that will enable XML to be utilized in a consistent manner for the exchange of all electronic business data. Industry groups currently working on XML specifications have been invited to participate in the 18-month project.
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