Defining a common XML library of business documents (purchase orders, invoices, etc.).
 
The aims of the UBL TC shall be as follows:

1. To avert a crisis in electronic business caused by competing XML business-to-business document standards by choosing as a starting point an existing XML business document library as the basis for creating a new "Universal Business Language" that will be a synthesis of existing XML business document libraries.
2. To begin with xCBL 3.0 as the starting point and to develop the standard UBL library by mutually agreed-upon changes to xCBL 3.0 based on industry experience with other XML business libraries and with similar technologies such as Electronic Data Interchange.
3. To develop UBL in light of standards/specifications issued by UN/CEFACT, ISO, IEC, ITU, W3C, IETF, OASIS, and such other standards bodies and organizations as the UBL TC may deem relevant.
4. To harmonize UBL as far as practical with the ebXML specifications approved in Vienna (May 2001), with the work of the Joint Core Components initiative (a joint project of ANSI ASC X12 and the UN/EDIFACT Working Group), and with the work of other appropriate business information bodies.
5. To vest ownership of UBL in OASIS, a nonprofit corporation dedicated to the adoption of structured information standards, and to make it freely available to everyone without licensing or other fees.
6. Ultimately, to promote UBL to the status of an international standard for the conduct of XML-based electronic business.