SIFMA Statement On U.S.- Japan Trade Agreement

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO regarding the newly announced U.S.- Japan trade agreement.

“Ensuring financial services providers can manage data on a cross border basis is crucial to the strong security and privacy of data that supports future growth, investment and innovation. We therefore commend the Trump administration for enshrining strong robust digital economy provisions in today’s agreement with Japan including those that ensure the free flow of data and prohibit measures regarding location of data storage facilities. We look forward to further work towards a broader, comprehensive U.S.-Japan trade deal with an ambitious financial services chapter.”