Technology is the thread that runs through a competitive economy, driving multiple and diverse industries and impacting myriad policy issues that are vital to commerce and communication. Technology-based industries and businesses create tremendous growth and opportunity in the U.S. economy and are essential to competing in an interconnected world. Outdated laws and regulations impede U.S. technological innovation and deployment. The U.S. Chamber promotes market-based solutions, policies that foster investment in technology research and deployment, and balanced regulatory treatment of technical platforms.
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.
Consumers have embraced the dynamism of today’s internet, and have come to expect a seamless and consistent online experience for the apps on which they rely, the Web-based sites and services they use, and the devices that deliver those offerings which make our lives easier and more efficient. The internet ecosystem facilitates online products and services that are valued by consumers, foster innovation in virtually every industry, and contribute substantially to U.S. economic growth.
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