EU & CPTPP Agree on Major Digital Trade Deal

0:00It's March 27, I'm Cory with the story, and this is Global News Today, World News powered by AI. The European Union and the 12 countries in the comprehensive and progressive agreement for a Trans-Pacific Partnership have agreed to push ahead. With a major digital trade deal, this comes after talks on the sidelines of the World Trade Organization meeting in Yownday, Cameroon, on March 27. Canada's international trade minister, Mininda Sido, confirmed the breakthrough, saying the two blocks will now work toward finalizing the pact. The CPTPP includes nations like Japan, Britain, Canada, Mexico, Australia, and Malaysia. Leaders hailed the potential impact, noting it could link economies worth $35 trillion and serve 1.6 billion people. They see it as a game changer for global digital rules. The agreement would focus on e-commerce, cross-border data flows, and data storage standards. Officials from both sides called it a blueprint for future region-to-region trade packs.

1:04Ministers plan to keep talking soon to shape the details, aiming to set a new standard for digital commerce worldwide.