I think it's important to have those agreements. The more of these we have, the more embedded into international trade law the digital trade provisions are. There are two that I'll cite specifically.
One is cross-border data flows, ensuring that if a company's going to operate in a market, it doesn't have to store data locally as a condition of doing business. Certainly, the view we have and that our members have is that data is actually more secure if it can be monitored out of a central location rather than having locally stored servers.
The other critical area as well that a DEPA and related agreements provide is around customs, duties and moratoriums on electronic transmissions. The WTO has an agreement on this. Every two years we have to go through this torturous renewal process, so embedding that permanently into the international trade rule book, I think, is quite valuable for companies. The idea of putting a tariff on electronic transmission is just conceptually very difficult and, I think, in practice would be very difficult to implement for our businesses and governments.