The U.S. Chamber of Commerce today released two reports on best practices for privacy regulators and the economic impact of cross-border information and communications technology (ICT) services. The first report reveals $1.72 trillion in global GDP gains that could result from reducing market and regulatory barriers to cross-border ICT services. The second report highlights best practices for global data protection authorities (DPAs) that will contribute to effective data protection governance.
This report uses a model to quantify the economic impact of full liberalisation of cross-border ICT services rules globally by creating an open, competitive marketplace. The report examines a group of eight globally important markets from a diverse range of economic development, including Brazil, the European Union, Indonesia, Japan, Korea, Nigeria, Turkey, and Vietnam. Our findings demonstrate across the board benefits.
The U.S. Chamber of Commerce, along with privacy experts from Hunton and Williams LLP, identified seven key attributes of Data Protection Authorities (DPAs) that contribute to effective data protection governance.
WASHINGTON, D.C. – U.S. Chamber Center for Global Regulatory Cooperation Vice President Sean Heather issued the following statement on today’s announcement that the U.S. and EU governments will launch a U.S.-EU Financial Regulatory Forum:
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