YAOUNDE, March 27 (Reuters) - The European Union and the
parties to the Comprehensive and Progressive Agreement for
Trans-Pacific Partnership agreed on Friday to move forward with
reaching a "historic" digital trade agreement between both
trading blocs, Canada's trade minister said.
"The concrete resolution from today's conversation was:
let's move forward on digital trade agreement," Maninder Sidhu,
Canada's Minister of International Trade told Reuters.
The EU and parties to the CPTPP - a trade agreement which
comprises 12 countries, including Japan, Britain, Canada,
Mexico, Australia, Malaysia - met on the sidelines of the WTO
ministerial conference in Cameroon on Friday.
"If this comes together, as it hopefully will, this will be
historic. It will be the largest trading agreement in
civilization," Sidhu said.
He said the coming together of the two blocs which together
represent 1.6 billion people and $35 trillion economies would be
significant.
The EU said in a statement that this agreement could serve
as a blueprint "for a region-to-region track of work" in digital
trade.
"An EU-CPTPP Digital Trade Agreement would be an enormous
success. We need to accelerate, as DTAs represent a future-proof
layer of trade agreements," said a EU spokesperson.
The deal would look at e-commerce, data flows and storage,
the minister said, adding that ministers will continue to engage
in further conversations on what the deal could look like.