Nov. 29, 2015 | Source: Vox
The Trans-Pacific Partnership, a mammoth deal the Obama administration finished negotiating last month, doesn’t just deal with trade in physical goods. It also establishes a number of new rules governing how countries from Canada to Vietnam regulate the digital economy.
Like most parts of the TPP, the new rules on electronic commerce largely reflect the priorities of US industry — in this case, large technology companies. Most of these rules — including protections for the free flow of information, a ban on requiring information to be hosted locally, and restrictions on taxes for digital goods — seem sensible.
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