G-7 nations agree on principles to govern cross-border data use

London: Group of Seven nations agreed on principles to govern cross-border data use and digital trade. Trade ministers from the G7 reached the agreement at a meeting in London yesterday. Britain described it as a breakthrough that could liberalise hundreds of billions of dollars of international commerce.

The deal sets out a middle ground between highly



regulated data protection regimes used in European countries and the more open approach of the United States.

In statement, Britain said we have adopted the G7 Digital Trade Principles that will guide the G7's approach to digital trade.

G7 comprises the US, Japan, Germany, Britain, France, Italy and Canada.