Japan and the US have agreed that it will not be necessary for tech companies to give out software secrets under their bilateral trade deal, but only in the case of an antitrust law violation.
The in-principal ban on forced disclosures, in which a part of the section of the draft agreement relating to digital trade, shows strive to balance out high tech competition and the government’s role in coming between preventing data from becoming strenuous in the hands of a limited number of companies.
The trade agreement will be signed later this month at the United Nations General Assembly by, Japanese Prime Minister Shinzo Abe and US President Donald Trump.
Farm and factory good tariff details are still being ironed out and for now, are following a basic agreement reached by the two leaders on August 25th.
Japan’s competition regulator released new guidelines meant to reduce abuse of consumer data by platform companies – this category includes US tech companies, Google, Amazon.com and Facebook.
It could be compulsory for companies to hand over consumer data where their information safety could be at risk or the company could possibly violate competition pr privacy laws.