Economy6 hours ago (Aug 26, 2021 02:45AM ET)
© Reuters. FILE PHOTO: Britain’s Secretary of State for Digital, Culture, Media and Sport Oliver Dowden walks on Downing Street in London, Britain, July 14, 2021. REUTERS/Peter Nicholls
LONDON (Reuters) -Britain said on Thursday it was pursuing data partnerships with countries including the United States, Australia, South Korea and other fast-growing markets to break down barriers and boost trade after Brexit.
Data adequacy partnerships mean organisations would not have to implement costly compliance measures to share personal data internationally when doing business, the digital ministry said in a release.
Britain completed its departure from the European Union’s orbit at the end of 2020, giving the government the powers to strike trade agreements with other nations around the world.
“It means reforming our own data laws so that they’re based on common sense, not box-ticking,” said digital minister Oliver Dowden.
“And it means having the leadership in place at the Information Commissioner’s Office to pursue a new era of data-driven growth and innovation.”
New Zealand Privacy Commissioner John Edwards has also been named as the government’s preferred candidate to be the UK’s next Information Commissioner.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
- Content Marketing
- Digital Marketing Strategy
- Landing page
- Social media
- WordPress web development