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UID:152@globalinnovationforum.com
DTSTART;TZID=America/New_York:20240920T090000
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URL:https://globalinnovationforum.com/events/hearing/
SUMMARY:GIF @ Digital Trade Congressional Hearing
DESCRIPTION:Dr. Olivia Walch\, CEO and Founder of Arcascope and GIF entrepr
 eneur\, took the stage to testify before the House Ways and Means Subcommi
 ttee on Trade\, addressing the vital topic of “Protecting American Innov
 ation by Establishing and Enforcing Strong Digital Trade Rules.”\n\nAs a
  pioneering small business leader\, Olivia shared her insights on the chal
 lenges of navigating complex digital trade regulations. Her testimony high
 lighted the importance of fostering innovation\, cross-border data flows\,
  and digital trade rules that enable businesses like Arcascope to compete 
 globally and continue providing personalized health solutions.\n\n🌐 Key
  points from Olivia’s testimony:\n\n- Data Localization: “We can’t a
 fford to constantly re-engineer our backend or consult our lawyer in respo
 nse to policy changes requiring us to store data locally or pay country-sp
 ecific tariffs.”\n\n- Digital Tariffs: “Information should not be subj
 ect to tariffs in some forms but not others. The World Trade Organization 
 eCommerce moratorium ensures that businesses like mine are not hindered by
  outdated policies that don’t fit the modern digital economy.”\n\n- In
 novation: “Innovation will happen fastest if barriers to data flows acro
 ss borders are kept as frictionless as possible.”\n\n- Source Code Discl
 osure: “Requirements to share source code as part of operating in a coun
 try would mean exposing our ‘secret sauce’ to foreign regulators that 
 likely do not have our interests—or U.S. interests—in mind.”\n\nOliv
 ia called for continued U.S. leadership on digital trade\, ensuring that s
 mall\, innovative businesses like hers can thrive alongside large companie
 s in the ever-evolving digital economy.
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