Washington D.C.-based Frost Brown Todd (FBT) Member Sohan Dasgupta, Ph.D., was invited to address the Parliament of Romania and world leaders on regulatory issues concerning fifth-generation wireless technology (5G) as they relate to the security of and international trade among the free world.
Dasgupta delivered his formal address at the Palace of the Parliament in Bucharest, Romania. He focused on regulatory responses to 5G through sanctions, export controls, the Committee on Foreign Investment in the United States (CFIUS), the Secure Equipment Act, Federal Communications Commission (FCC) rules, and related U.S. and other countries’ measures.
Dasgupta’s background as the former Deputy General Counsel of the U.S. Department of Homeland Security (DHS) at the heart of the intelligence community informs his perspective. Dasgupta previously has also delivered formal addresses before the Latin American Parliament, the Hungarian National Assembly and the Guatemalan Congress.
Along with Dasgupta, global luminaries such as Prime Ministers; North Atlantic Treaty Organization (NATO) leaders; U.S. Senators; a National Security Advisor to a U.S. President; cabinet secretaries, ministers, and members of Parliament worldwide; ambassadors; national security and foreign policy leaders; and top business executives also addressed the Romanian Parliament.
Dasgupta’s address was part of the 21st Parliamentary Intelligence-Security Forum (PI-SF). Dasgupta discussed the U.S. government’s and foreign regulators’ actions concerning 5G; which sectors will see the largest economic impact of 5G; its consequences for cryptocurrency, blockchain, artificial intelligence and related developments; and business strategies for leveraging and navigating 5G.
“The national security and international trade implications of 5G significantly concern the equities of businesses and industry stakeholders,” said Dasgupta. “Through sanctions, export controls, [CFIUS], and other responses, the U.S. Government is carefully monitoring 5G’s implications. The same is largely true of the European Union and other governments. From the industry perspective, the balance between investing, acquiring, and selling products on the one hand and cautiously engaging with regulators is important and should ideally be addressed with care and nuance.”
In his address, Dasgupta explained that 5G is expected to lead to, and enhance, a potent range of critical services—from autonomous technologies, remote surgery, and tele-medicine, to helping build smart cities, to automated manufacturing, to advanced transportation endeavors, and so on. On the economic front, over the next decade 5G is anticipated to result in 3.8 to 4.6 million additional jobs in the United States and a U.S. GDP growth of $1.4 to $1.7 trillion.
This summit was aimed at providing expertise and collaboration with U.S. allies related to global terrorism and create actionable solutions that counter those threats. Issues such as counter-terrorism financing, cyber security, adversarial foreign investments, intelligence sharing, and artificial intelligence were also addressed at this forum.