WASHINGTON, June 21, 2019 – During a period in which the global trading order for physical goods has been upended by protectionist moves from the Trump administration, one potential bright spot is the “unprecedented opportunity” to create a framework of rules around digital trade, Sen. Ron Wyden, D-Ore., said on Thursday.
Wyden said that the U.S. needed to lead the way with digital trade obligations, and how impending provisions to the North American Free Trade Agreement “ought to become the model for future agreements.” This, he said, will help to keep the internet “free and open.”
Wyden spolke at the Digital Trade and Data Governance Hub hosted jointly by George Washington University, Computer & Communications Industry Association and Internet Association. Other panelists discussed how changes to NAFTA may affect technological development in the U.S. and worldwide.
Still very much in play are other agreements including the United States-Mexico-Canada-Agreement, and the Trans-Pacific Partnership.
Although the Trump administration immediately withdrew the U.S. from TPP, forty percent of the global economy is under its regulations, said Jayme White, chief international competitiveness and innovation advisor at the Senate committee on finance.
Moreover, the U.S. approach to data is different from that of China and the EU, so “multilateral negotiation processes can easily get stuck,” he said.
The USMCA agreement ensures that small and medium-sized enterprises, as well as American farmers, will benefit from digital trade.
Provisions would remove some ban insurance restrictions, however there is “no certainty” that data flow will remain between the U.S., Mexico and Canada, said Serge Shikher, lead international economist at the U.S. International Trade Commission.
Matthew Reisman, director of international trade at Microsoft, said that Microsoft is “excited” about AI development under USMCA, and that it can create “a whole new world of people who can access this technology.”
Internet digital trade is good for businesses in developing countries, said Probir Mehta, head of global IP and trade policy at Facebook, because “if anything, digital trade and development are supportive.” A variety of strong digital provisions would be a good opportunity to share the entire technology sector with other countries that are more trade dependent, he said.
(Photo of Sen. Ron Wyden by Masha Abarinova.)
- Americans’ Trust in Media Declines For Third Consecutive Year, Differs Along Party Lines, Reports Knight Foundation
- Breakfast Media Minute: August 7, 2020
- Federal Communications Commission Sets C-Band Auction Procedures, Reforms Inmate Calling Service Rates
- Ethical Technology Still in Early Stages, But Here to Stay, Say Axios Panelists
- UTOPIA Fiber Announces $13.8 Million Deal With Clearfield, Utah
Signup for Broadband Breakfast
Artificial Intelligence1 month ago
U.S. State Department Employing Artificial Intelligence Against COVID-19 Misinformation
Broadband Roundup1 month ago
Artificial Intelligence Task Force, State Cybersecurity, ADTRAN Offers Rural Funding Guidance
Education1 month ago
A Mix of Resources and Technologies Are Needed to Close the Homework Gap
Infrastructure1 month ago
Michigan Broadband Cooperative Calls Report Saying Municipal Broadband Has an Unfair Advantage ‘Laughable’
5G1 month ago
Verizon CEO Hans Vestberg Describes 5G-to-the-Home Vision, Claiming U.S. Leads in 5G Deployment
Digital Inclusion1 month ago
‘Disconnection Day’ Looms as a Flouted ‘Keep Americans Connected’ Pledge Expires
Open Access4 weeks ago
In Danville, Virginia, an Early Adopter of Open Access Seeks to Prove the Business Model
Innovation1 month ago
Telecommunication Industry Working Group Aims to End Robocalls Through Cryptographic Credentials