The domino effect of the US pullout of its proposals on cross-border transfer of data, location of computing facilities and source code seems to have begun in the informal Joint Statement Initiative on electronic commerce negotiations, after facilitators issued a text that apparently lowers the level of ambition substantially to pave the way for an agreement in name only, said people familiar with the discussions.
The three facilitators comprising Japan, Australia and Singapore issued a “facilitators’ text” on Monday that seeks to find “a landing zone that bridges the different approaches reflected in existing proposals.”
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