ITI: Ambitious Digital Trade Commitments Essential to Successful IPEF
WASHINGTON – As officials prepare for the May 27 Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meeting in Detroit, global tech trade association ITI issued the following statement from its Executive Vice President of Policy Rob Strayer underscoring the importance of strong and enforceable outcomes and commitments in areas including digital trade, supply chain resiliency, and sustainability:
“Negotiators should seize this historic opportunity to strengthen and enhance economic, diplomatic, and strategic commitments across the region. It’s imperative that discussions in Detroit advance concrete outcomes and demonstrate how the IPEF will promote digital trade, supply chain resiliency, and sustainability. Data and technology underpin global commerce and are a key driver for job growth, making digital trade commitments essential to a successful trade partnership. We urge negotiators to build on previous digital trade provisions and enact ambitious and binding commitments that enhance the flow of data across borders, prohibit data localization, and counter new discriminatory approaches to regulation. Now is the time to promote strong trade disciplines that will help companies of all sizes scale to and benefit from the global market.”