I have seen the future of international trade, and it is called DEPA, the Digital Economy Partnership Agreement. With this trade agreement, New Zealand, Chile, and Singapore have crafted a new approach to trade policymaking focused on rules to govern cross-border data flows, facilitate data-driven economic growth, and increase online trust. In December, Canada announced it would seek to join DEPA. The U.S. should too. DEPA is pathbreaking for several reasons. First, the participants see their relationship as a partnership; they pledge to build a digital economy that supports innovation and builds trust in their own countries and globally. Second, they drafted the agreement to demonstrate the benefits of collaboration at a time when many economies are choosing to go it alone or bilaterally because of Covid-19.
Recent Publications
US Import Tariffs Will Hurt Americans, Too
February 12, 2025 A tractor is parked beside a greenhouse in Kingsville, Ontario, Canada, February 4, 2025. A 25 percent US tariff on farm imports from Canada would be devastating for the agricultural sector (Carlos Osorio/REUTERS) US President Donald Trump views...
Trump 2.0: Clash of the tech bros
December 11, 2024 The tech giants courting Trump administration officials have conflicting interests. Getty Images In 2016, tariff man couldn’t care less about tech. Newly elected U.S. President Donald J. Trump knew that the people who created and ran America’s tech...
The Age of AI Nationalism and Its Effects
September 30, 2024 Policy makers in many countries are determined to develop artificial intelligence (AI) within their borders because they view AI as essential to both national security and economic growth. Some countries have proposed adopting AI sovereignty, where...