According to The Department for Digital, Culture, Media and Sport (DCMS), it is estimated that there is as much as £11bn worth of trade that goes unrealised around the world due to barriers associated with data transfers.
A new set of data rules would see the UK diverge from some parts of the EU’s General Data Protection Regulation (GDPR) which came into effect three years ago.
Culture Secretary Oliver Dowden said the UK wanted to shape data laws that were based on “common sense, not box-ticking”.
The Government will prioritise striking ‘data adequacy’ partnerships with the US, Australia, the South Korea, Singapore, Dubai and Colombia and also confirmed that future partnerships with India, Brazil, Kenya and Indonesia are being prioritised.
It said it would ensure that “high data protection standards are maintained” in order to build on the £80bn of data-enabled service exports to these 10 destinations from the UK every year.
The plans should make it...