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Lew Floats Possibility Of Side Deal To Address TPP Data Localization

March 16, 2016 at 4:19 PM
U.S. Treasury Secretary Jack Lew on Wednesday (March 16) raised the possibility that financial services industry complaints about being excluded from a ban on local data storage requirements in the Trans-Pacific Partnership (TPP) could be addressed in the form of a side agreement since there is little that can be done to change the text of the signed agreement. “There is the possibility of having some kind of side agreement, but I don't want to exaggerate what could be done...

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