G7 countries reach breakthrough on digital trade and data

LONDON (Reuters) – The Group of Seven wealthy nations agreed on a joint set of principles to govern cross-border data use and digital trade, Britain said in what was described as a breakthrough that could liberalise hundreds of billions of pounds of trade. Trade ministers from the G7 reached agreement at a meeting in London on Friday. The deal sets out a middle ground between highly regulated data protection regimes used in European countries and the more open approach of the United States. “We oppose digital protectionism and authoritarianism and today we have adopted the G7 Digital Trade Principles that