There are many ways the United States can rejoin trading partners in shaping digital trade in the Asia-Pacific. But in choosing its path, the administration should not allow misguided opposition deter it from insisting on binding rules for data flows and other key digital economy issues.
The digital economy accounts for 25 percent of global GDP today and as much as 50 percent of value creation going forward. To maximize the digital economy’s potential, policymakers must adopt effective rules and norms to facilitate trade in digital goods and enable the free flow of data, as GTIPA-member reports in this category explore.