The EU's data protection laws are the strictest and most comprehensive in the world. This puts it at odds with many countries, including and especially the United States, the EU's largest trading partner. The divergence in data protection standards and enforcement, not just between the EU and the United States but among countries around the world, has a profound impact on international trade.
"Global data flows is an increasingly political issue," said Kristina Irion in her presentation at the Center for Media, Data and Society (CMDS) on November 24. Irion explained that it is also a critical issue – that gains in importance every day. The ability to move data globally facilitates trade, supply chains, and businesses around the world. The volume of global data flows doubles every 18 months.
Read the full article on the CMDS website here.