Wednesday, SIIA joined with 40 business groups in signing on to a USCIB letter on the need for data flow provisions in the Trans-Pacific Partnership (TPP) trade agreement. Sent out to TPP Ministers and negotiators, the letter stresses the necessity for businesses to be able to transmit data seamlessly, regardless of geography:
“The seamless movement of data across borders enables businesses of every size, in every sector, in every part of the world to access innovative products and services that enhance their productivity and help them reach new customers, driving growth and job creation.”
Co-signers of the letter include business groups from 11 of the 12 TPP negotiating countries demonstrating the importance of this issue for business in all sectors in both developed and developing economies. Within the letter four factors were identified as crucial to promoting the health of the digital economy:
- Clear, enforceable obligations to allow the cross-border flow of data and that prohibit requirements to localize data in particular jurisdictions
- Exceptions and limitations to such obligations that are limited and consistent with existing international trade law
- Dispute settlement mechanisms on a par with all the other TPP obligations
- No additional reservations that undermine the effect and enforceability of such obligations
To read the letter in full, click here.
Sabrina Eyob is the Public Policy Coordinator at SIIA. Follow the Policy team on Twitter @SIIAPolicy.