Open Data refers to large databases that are made available to the public, providing opportunities for re-use and meta-analysis to a variety of ends. Open Data is potentially useful, inter alia, for business activity as it provides a deeper level of transparency about the actions of government, the volume of investment and trade, and the needs of the market. Consequently, transparency, openness, and knowledge dissemination support the case for further trade liberalization. This paper assesses the essence and importance of Open Data, analyzes the ways in which open data can serve the goal of trade liberalization through transparency, explores trade liberalization and the use open data in technology-related industries, and discusses relevant developments in the EU and the US.

First, the paper explores the history and uses of Open Data. Second, it outlines the broader importance and benefits of open data. Third, it examines the specific economic benefits of using open data in relation to global trade and investment. Fourth, it discusses how open data may help liberalize technology-related industries, namely the computer industry, the telecom industry, and the television and broadcasting industry. Fifth, it explores the relevant legal developments in the EU and the US.