Washington, DC – IA President & CEO Michael Beckerman issued the following statement on the announcement of U.S.- Japan Trade Agreement:
“IA welcomes the digital trade provisions agreed to by the U.S. and Japan today. Japan is the U.S.’s fourth-largest digital trading partner, and this agreement enshrines key rules of the road from our shared digital framework. Digital trade benefits businesses of all sizes in every sector, and this agreement will only grow the $38 billion in digital trade between our two countries.
“There is still more work to be done to ensure the rest of America’s digital trade framework – such as customs facilitation, innovation-oriented IP frameworks, services, government procurement, and more – are included in a full free trade agreement, but this is an important first step. This agreement will also be helpful in securing robust digital trade rules in the ongoing WTO e-commerce negotiations and policy discussions in the G20.”