Pacific trade deal takes aim at Chinese hacking

[InfoSec News <alerts () infosecnews org>]

http://www.ft.com/intl/cms/s/0/89a0137a-82b1-11e5-8095-ed1a37d1e096.html

By Shawn Donnan in Washington
FT.com
November 4, 2015

Pacific Rim countries will be required to criminalise hacking attacks on 
companies under a new regional trade pact that shows Washington’s 
determination to clamp down on Chinese cyber theft and ban new forms of 
digital protectionism.

The US, Japan and 10 other economies concluded five years of negotiations 
last month on the Trans-Pacific Partnership, covering roughly 40 per cent 
of the global economy.

Although the pact does not include China, US officials are selling the TPP 
as a crucial component in Washington’s efforts to write the rules of the 
global economy before Beijing can.

The deal will reduce trade barriers on everything from beef and dairy 
products to textiles, with new standards for environmental protection, 
investment disputes and the behaviour of state-owned enterprises.

The TPP agreement — details of which will be released as soon as Thursday 
— will also include new rules governing the free flow of data, privacy and 
cyber security, showing how the US intends to use a trade deal to set new 
benchmarks that it hopes will become global standards.

[...]

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