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The standardization of electronic business Extensible Markup Language (ebXML) also promises to revolutionize the way companies partner and conduct business. The initiative, sponsored by the standards bodies United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and Organization for the Advancement of Structured Information Standards (OASIS), has produced a modular suite of XML specifications that enables enterprises of any size or location to conduct business over the Internet.
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