G20 ministers kick of talks on trade and the digital economy in Ibaraki Prefecture

However, reaching consensus is likely to prove difficult on some key issues, in particular those involving trade. Participating nations have clashing interests, most notably the U.S. and China. "First, I would like to stress the importance of tapping into data, which is the source of innovation," Hiroshige Seko, minister of economy, trade and industry, said at the beginning of the digital economy session. Seko said that "ensuring the free flow of data internationally is indispensable to the economic development of the world as a whole." He then introduced a concept called "Data Fee Flow with Trust," or DFFT, which he said would promote free data flows while securing trust related to privacy and security.