G7 countries reach breakthrough on digital trade and data

British International Trade Secretary Anne-Marie Trevelyan, U.S. Trade Representative Katherine Tai, Japan's Head of delegation of the Ministry of Economy, Trade and Industry Kuroda Junichiro, Italy's Minister of Foreign Affairs Luigi Di Maio, Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier, France's Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester, European Commission Executive Vice President Valdis Dombrovskis and Canada's Minister of Small Business, Export Promotion and International Trade Mary Ng meet during a G7 trade summit at Mansion House, in London, Britain October 22, 2021. REUTERS/Henry Nicholls/Pool

LONDON (Reuters) -The Group of Seven wealthy nations agreed on principles to govern cross-border data use and digital trade, Britain said in what was described as a breakthrough that could liberalise hundreds of billions of dollars of international commerce.

Trade ministers from the G7 reached agreement at a meeting in London on Friday.