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1. Introduction and Overview - Developing international rules for cross-border data flows and digital trade. Cross-border data flows are integral to the.
The strength of the U.S.-Japan alliance is unprecedented. Despite ongoing leadership changes in both democracies, the alliance enjoys robust support in Tokyo, Washington and elsewhere. When President Biden and Japanese Prime Minister Fumio Kishida met during last month’s G7 summit in Hiroshima, Biden correctly described the U.S.-Japan alliance as the cornerstone of peace and prosperity in the Indo-Pacific. The United States is, in fact, Japan’s third-largest trading partner, and Japan ranks as the fourth-largest trading partner of the U.S.
The concept of data free flows with trust (DFFT) was proposed by the late Japanese Prime Minister Shinzo Abe at the 2019 G20. As it remains a work in progress, this year’s G7 ministerial meeting tech and digital ministerial meetings in Gunma, Japan was focused on operationalizing DFFT. I was invited to speak at the Public-Private Meeting for the G7 Digital and Technology Ministerial Meeting event on DFFT (G7 Public-Private Meeting). This blog summarizes our discussion on the importance of cross border data transfers (CBDT) and concrete next steps necessary to operationalize DFFT, especially given the G7 ministers’ endorsement of the Institutional Arrangement for Partnership (IAP),[1] to be launched in the coming months.[2]Schneider Electric believes in the power of data and supports the free flow of data, which underpins research, development, innovation, and growth. Current data localization trends and global regulatory fragmentation on CBDT present a worrying trend that i
With China poised to enter the conversation, it’s critical for Washington to overcome internal obstacles and negotiation troubles to leave its mark on digital trade rules.