U.S. Chamber Launches Trilateral Digital Economy Steering Committee

Tuesday, August 30, 2016 - 10:00am

Representatives from the U.S., South Korea, and Japan Aim to Advance the Digital Economy Agenda

WASHINGTON, D.C.—The U.S. Chamber of Commerce, U.S.-Korea Business Council, and U.S.-Japan Business Council today held the first meeting of the Trilateral Digital Economy Steering Committee, formally launching the initiative aimed at advancing a public policy framework to support the digital revolution.

“As three of the world’s most innovative and technologically advanced economies, the United States, Japan, and South Korea are uniquely positioned to benefit from new business models and the transformative technologies that will make them possible,” said Tami Overby, the U.S. Chamber of Commerce’s senior vice president for Asia. “Our member companies are facing new challenges each day as they try to navigate rapidly changing information and communications technology laws and regulations.”

The Trilateral Digital Economy Steering Committee, the first private-sector led effort of its kind, will build upon the existing government to government and multistakeholder global efforts around the digital economy, including those focused on innovation and information and communications technology (ICT) services and products.

“The Japanese, Korean, and American private sectors will provide global leadership by collaborating across industries and borders,” Overby added. “We will discuss ways to maximize the benefits of cutting edge technology, such as the Internet of Things. The group will also examine how to avoid pitfalls from complex issues surrounding privacy and security and will work to develop initiatives that preserve and advance the core principles of an open internet and seamless data flows necessary to conduct business in the 21st century. Smart, coordinated policies can encourage innovation, growth, and productivity and provide benefits to consumers, business, and governments alike.”

The committee will focus on a diverse set of issues with the hopes of educating high level decision makers on the transformative potential of the digital economy, as well as the public policies needed to support it. The group plans to meet periodically, and will be bringing their message to key stakeholders in Seoul, South Korea later this fall.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.