EU Tech Industry Wants Data Localization Out Of TTIP
By Michael Lipkin (November 21, 2014, 4:35 PM EST) -- A European technology industry group, with members including Google Inc. and Intel Corp., urged the newly installed European Union Trade Commissioner to use future Transatlantic Trade and Investment Partnership and other international negotiations to knock down protectionist rules, including mandatory data localization.
DigitalEurope called on Trade Commissioner Cecilia Malmstrom to avoid local content requirements in TTIP, Trade in Services Agreement and other talks, which can cut into global trade by up to €75 billion ($93 billion) annually. Malmstrom could begin that effort during a Foreign Affairs Council meeting in Brussels Friday on trade, the group suggested.
"Many governments are beginning to...
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