ROCC Applauds Biden Administration’s Withdrawal of Big Tech Antitrust Immunity Language from Digital Trade Negotiation

WASHINGTON, D.C. – On November 15, 2023, the Responsible Online Commerce Coalition (ROCC) signed on to a letter applauding the Biden Administration for recently withdrawing a provision previously proposed for digital trade talks at the World Trade Organization (WTO). The provision would have blocked critical efforts to address Big Tech’s monopoly power. The letter also commended the Biden Administration for suspending negotiations on IPEF regarding similar “digital trade” terms.

“Competition is a bedrock of the U.S. economy. Because of this, the preservation of fair and competitive markets should play a central role in the United States’ foreign trade goals, law, and policy. Your administration’s recent actions with respect to the U.S. approach to digital trade rules rightly adhere to these principles,” stated the letter. “We thank you and Ambassador Tai for standing up to the handful of Big Tech companies to reject their veiled attempts to hijack trade agreements to protect and extend their monopoly power. Further, we urge you to stay the course to ensure that all U.S. businesses can compete fairly and effectively throughout the globe.”

For all media inquiries, please contact our team at: info@theroccoalition.com.