Details of the potential agreement are still being drafted, but the pact could potentially include countries such as Canada, Chile, Japan, Malaysia, Australia, New Zealand and Singapore, according to one of the people, who asked not to be identified because the process isn’t public.
Perhaps most important, the policy would represent an early effort by the Biden administration to present an economic plan for the world’s most economically and strategically significant region after President Donald Trump’s decision to withdraw from negotiations for the Trans-Pacific Partnership trade deal in 2017.
Advocates for such an accord, including former acting Deputy U.S. Trade Representative Wendy Cutler, suggest that it could draw on existing arrangements in the region, including the U.S.-Japan Digital Trade Agreement, as well as other agreements struck between regional nations such as the Singapore-Australia Digital Trade Agreement and the Singapore-New Zealand-Chile Digital Economy Partnership Agreement.
"We’re very much in favor of the negotiation of a digital agreement, particularly in the absence of TPP, ” said Charles Freeman, the senior vice president for Asia at the U.S. Chamber of Commerce in Washington."We’d like to see some sort of forward-looking, rules-based agreement in the region, in particular as a model for a global agreement. We think the time to do it is now.
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