US mulls digital trade deal to counter China in Asia

The pact could include countries such as Canada, Chile, Japan, Malaysia, Australia, New Zealand and Singapore


Reuters July 13, 2021

The Biden administration is considering a digital trade agreement covering Indo-Pacific economies as the United States seeks ways to check China's influence in the region, Bloomberg News reported late on Monday.

The pact could include countries such as Canada, Chile, Japan, Malaysia, Australia, New Zealand and Singapore, Bloomberg reported https://bloom.bg/3e9shky, citing a person familiar with the matter.

The trillion dollar weapon in the US-China tech stock war

The details of the potential agreement are still being drafted, but could set out standards for the digital economy, including rules on the use of data, trade facilitation and electronic customs arrangements, the report said.

While no decisions have been reached yet,  the White House wants to strangthen its relationship with the Indo-Pacific region in many areas, including digital trade - reports Bloomberg.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read