Bloomberg: The White House is preparing a digital trade agreement to confront China in Asia

Sources told “Bloomberg” that the White House is working on preparing a digital trade agreement that includes the economies of India and the Pacific, as the US administration seeks to confront China in Asia.

According to one of the agency’s sources, details of the potential agreement are still being drafted, but it is likely that the agreement will include countries such as Canada, Chile, Japan, Malaysia, Australia, New Zealand and Singapore.

Another source said, “The agreement may set standards for the digital economy, including rules for data use, trade facilitation and electronic customs arrangements.”

The agency stated that this deal will show the interest of the administration of US President Joe Biden in pursuing new business opportunities, after spending its first months focusing more on completing existing deals, rather than pushing towards achieving negotiations like those that the administration of former President Donald Trump tried to create. with the United Kingdom and Kenya.

The completion of this agreement will also represent the return of the United States to the “trade game in Asia”, through an economic plan for the most economically and strategically important region in the world, which means Biden’s confirmation of his different policy from his predecessor Trump, who decided to withdraw from negotiations on the Association Agreement. across the Pacific in 2017.

Source: “Bloomberg”