no transfer, no trade - international trade centre
TRANSCRIPT
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No Transfer, No Trade - the Importance of Cross-Border Data Transfers for Companies based in Sweden Olle Grünewald Trade Policy Adviser, Swedish National Board of Trade
Presentation at CIFTIS, Beijing 29 May 2014
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In a nutshell
• How do firms trade in the 21st century? • Digital solutions and data transfer • Transactions and trade produces data • Barriers to cross-border data flows • Affects trade, especially local data storage regulation
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Different types of data used by companies
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Source: WEF (2011)
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Data transfer needs and the experiences of companies based in Sweden
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Why companies need to transfer data
Part of business offer • Service delivery • 3rd party digital services • Provide digital infrastructure
Part of internal process • Human resources data • R&D
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Barriers to cross-border data flows
• Localisation demands ! Forced localisation
• Establish data centre to deliver a service ! Local storage
• Limits on processing/storing outside the country • Data protection regulations affect trade in all sectors ! Affects innovation ! Not just MNE
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Concluding reminders
• Data transfers are important for ALL companies • Regulation must focus on the right things • LCR most problematic • Harmonisation central • Clear rules
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Thank you for your attention!
• Website ! www.kommers.se/In-English/
• Download the report and other reports on global value chains and servicification ! www.kommers.se/In-English/Global-value-chains/
• Contact information ! Olle Grünewald ! Email: [email protected] ! Tel: +46 73 424 48 73