G7 countries reach breakthrough on digital trade and data
The Hindu
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.
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.
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Trade ministers from the G7 reached agreement at a meeting in London on Friday.
The 29th edition of the Conference of Parties (COP29), held at Baku in Azerbaijan, is arguably the most important of the United Nations’ climate conferences. It was supposed to conclude on November 22, after nearly 11 days of negotiations and the whole purpose was for the world to take a collective step forward in addressing rising carbon emissions.