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Consider the following statements regarding Osaka Track:
1. It is an overarching framework promoting cross-border data flow with enhanced protections.
2. India has recently signed the declaration on Osaka Track.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
?? At the G20 Summit 2019, the world leaders came together to launch of “Osaka track”, an overarching framework promoting cross-border data flow with enhanced protections launched by Japan. Hence statement 1 is correct. ?? Osaka Track is a process which demonstrates the commitment to promote international policy discussions, inter alia, international rule-making on trade-related aspects of electronic commerce at the WTO. ?? Along with the United States, the European Union (which represents 28 countries at the WTO), Australia, and Singapore among others, Japan pushed hard for the plurilateral negotiations on digital trade with the avowed intention of crafting sweeping rules on data flows, removal of prohibitions on data localization, and cloud computing among others. ?? India, South Africa, and Indonesia have boycotted the “Osaka Track" on the “digital economy. Much of the proposed plurilateral rules on digital trade are based on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPATPP). Hence statement 2 is not correct.
By: Parvesh Mehta ProfileResourcesReport error
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