WTO e-commerce #digitaltrade consolidated draft leaked by @bilaterals_org Some interesting things (1/n)

(2/n) Intermediary liability is included without brackets, normally meaning there is some agreement. The text is based on US proposals but has more extensive caveats and exceptions than existing US trade deals
(3/n) No agreement on cross-border data flows at WTO #digitaltrade consolidated text
(4/n) FWIW The UK's (and US) position on WTO #digitaltrade exceptions to the liberalisation of cross-border data flows vs the EU's. Guess which one is which
(5/n) Financial data may be included in the ban on forced localisation of computing facilities, but with many caveats. US regulators had pushed against this in the past but they seem to be losing the battle. Several alt texts. UK to bring more proposals.
(6/n) India (alt 2) and China (alt 3) pushing back against developed countries + Russia + Brazil efforts (alt 1) to make permanent the current WTO moratorium on custom duties on electronic transmissions
(7/n) No agreement [brackets] on enhanced online consumer protection over what you see in many deals. WTO #digitaltrade
(8/n) Predictable conflicts @WTO #digitaltrade data protection and privacy: UK pragmatism [alt 1] privacy = trust = business, EU [alt 2] privacy = fundamental right + trust (we ❤️ business too !) and US [alt 3] what privacy? limit restrictions to necessity and risk
(9/n) Worrying to see the footnote of CPTPP, UK and Japan agreements giving corporate self-regulation for privacy equal footing to GDPR brought into the main text without apparent push back from the EU #digitaltrade @wto
(10/10) As expected there is a ban on source code disclosure, but no agreement on whether algorithms should be included and what exceptions to apply. According to @k_irion this may be a moot point https://t.co/a582hsyb3W @wto #digitaltrade
PS: The UK and Japan are proposing the provisions on cryptography in their last deal for @wto #digitaltrade including exceptions for security Nobody understands the implications of this, so pushing it for a global agreement seems a bit premature

More from Business

🚨 192% Growth SPAC 🚨

💸 Katapult provides leasing solution for e-commerce websites

🔥 It enables non-prime customers to lease durable goods online

🚩ALL founders left and $CURO owns 50% of Katapult

⁉️ What is hidden behind the $FSRV SPAC ⁉️

Here is an EASY thread 👇


Katapult was founded in 2012 and was initially called Zibby and operated by Cognical

💸 By 2015, it had raised $ 10m in equity and debt from VC funds such as Tribeca Venture Partners and Blumberg

Cognical was founded by 👇

Brandon Wright - a Cornell MBA who later founded @payfully

Ashutosh Saxena - a PhD in AI from Stanford (awards:
https://t.co/YfViWWXqru)

Chinedu Eleanya - a serial entrepreneur who later founded @GetMulberry which sells extended warranty to shoppers

Zibby was a “Lease-To-Own” service designed for durable goods & products (furniture, appliances, electronics)

1️⃣ When customers purchase an item online, Zibby retains the rights to this item

2️⃣ Zibby rents the item to the customer

3️⃣ The customer can decide to purchase the full ownership rights of the item at any time

This model proved successful and Zibby was incubated by Cornell

You May Also Like

Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"


The 3 big things that made the 1980's/early 1990's surreal for me.

1) Satanic Panic - satanism in the day cares ahhhh!

2) "Repressed memory" syndrome

3) Facilitated Communication [FC]

All 3 led to massive abuse.

"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.

Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.

FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.