03 Jan WTO to Lessen Government Interference in New Proposal
The World Trade Organization is set to announce a proposal this month which seeks to prevent excessive interference by governments into business-related data.
The proposal, backed by a group of WTO members, led by the U.S., the European Union, Japan, Singapore and Australia, will prohibit governments from forcing companies to disclose trade secrets like source codes and algorithms.
Backers of the proposal also want governments to stop forcing foreign companies to adopt specific technological specifications or embed features like codes into their technology. They said that such requirements will not only burden companies but also create a risks that may lead to the leakage of corporate and personal data.
Source: Nikkei Asia