WTO e-commerce #digitaltrade consolidated draft leaked by @bilaterals_org Some interesting things (1/n)

(2/n) Intermediary liability is included without brackets, normally meaning there is some agreement. The text is based on US proposals but has more extensive caveats and exceptions than existing US trade deals
(3/n) No agreement on cross-border data flows at WTO #digitaltrade consolidated text
(4/n) FWIW The UK's (and US) position on WTO #digitaltrade exceptions to the liberalisation of cross-border data flows vs the EU's. Guess which one is which
(5/n) Financial data may be included in the ban on forced localisation of computing facilities, but with many caveats. US regulators had pushed against this in the past but they seem to be losing the battle. Several alt texts. UK to bring more proposals.
(6/n) India (alt 2) and China (alt 3) pushing back against developed countries + Russia + Brazil efforts (alt 1) to make permanent the current WTO moratorium on custom duties on electronic transmissions
(7/n) No agreement [brackets] on enhanced online consumer protection over what you see in many deals. WTO #digitaltrade
(8/n) Predictable conflicts @WTO #digitaltrade data protection and privacy: UK pragmatism [alt 1] privacy = trust = business, EU [alt 2] privacy = fundamental right + trust (we ❤️ business too !) and US [alt 3] what privacy? limit restrictions to necessity and risk
(9/n) Worrying to see the footnote of CPTPP, UK and Japan agreements giving corporate self-regulation for privacy equal footing to GDPR brought into the main text without apparent push back from the EU #digitaltrade @wto
(10/10) As expected there is a ban on source code disclosure, but no agreement on whether algorithms should be included and what exceptions to apply. According to @k_irion this may be a moot point https://t.co/a582hsyb3W @wto #digitaltrade
PS: The UK and Japan are proposing the provisions on cryptography in their last deal for @wto #digitaltrade including exceptions for security Nobody understands the implications of this, so pushing it for a global agreement seems a bit premature

More from Business

The Mother of All Squeezes

How Volkswagen went from being on the brink of bankruptcy to the most valuable company in the world in two days

/THREAD/


1/ At the peak of the 2008 financial crisis, Volkswagen was considered a very likely candidate for bankruptcy.

Heavily indebted and already financially struggling before 2008, with car sales expected to plummet due to the ongoing global crisis.


2/ With GM and Chrysler filing for bankruptcy in 2009, shorting the VW stock would seem a safe bet.

If you are not familiar with stock shorts and short squeezes check my thread


3/ On October 26, 2008, Porsche announced it had increased its stake at VW from 30% to 74%.

This was a surprise to many who were led to believe that Porsche wasn't planning a takeover of VW, based on the company's announcements.


4/ Before the announcement, the short interest was approximately 13% of the outstanding shares, a number considered relatively low.

Porsche had a 30% stake, the Lower Saxony government fund held 20% of the shares, and another 5% was held by index funds.

You May Also Like