The policy makers’ solutions to this challenge seek to promote better interoperability between data protection frameworks globally, while maintaining data protection standards to ensure trust from consumers and between different stakeholders. A number of initiatives are now progressing to translate the concepts into more practical benefits and outcomes. This includes work undertaken by the OECD and transformation of the Cross Border Privacy Rules system into a global system, beyond its foundation in APEC economies.   

This article explores the initiatives underway in 2024 and what steps are needed to bring them to fruition.

This article was first published by Thomson Reuters Practical Law on 11/07/2024.