Top leaders from the G7 countries reached an agreement on potential new tech regulations. This agreement will help to limit Big Tech’s dominance and enhance online protection.
Politicians from the United Kingdom, Canada, France, Germany, Italy, Japan, the United States, and the European Union signed a resolution. The paper details common standards for tightening software regulations.
Among others, the resolution includes the need for technology firms to have programmes and procedures to eliminate illicit and unsafe conduct. The focus is also on child safety, a more organised approach to enforcement, and cracking down on anti-competitive behaviour.
The principles are founded on the United Kingdom’s forthcoming online harms legislation. All efforts to strengthen online protection must uphold the ideals of open and inclusive communities and protect civil rights and fundamental freedoms.
The declaration was signed during a virtual meeting in advance of the G7 summit in June.
The agreement also included proposals to provide a system for the use of electronic transferable information and collaboration on data sharing activities and how policymakers should implement digital technological requirements to use internet resources and services.
It comes amid the global criticism of tech giants’ influence and demands for legislation to help protect consumers.