WTO-OECD Report Examines Economic Implications of Data Flow Regulation
February 10, 2025
Geneva, Switzerland – The World Trade Organization (WTO) and the Organisation for Economic Co-operation and Development (OECD) today released a joint report examining the economic implications of data flow regulation. The report finds that data flow regulations can have a significant impact on economic growth, trade, and innovation.
The report examines the various types of data flow regulations that exist, including those that restrict the cross-border transfer of data, those that require data to be stored locally, and those that impose data localization requirements. The report finds that these regulations can have a number of negative economic consequences, including:
- Reduced economic growth: Data flow regulations can make it more difficult for businesses to operate globally, which can lead to reduced economic growth.
- Reduced trade: Data flow regulations can make it more difficult for businesses to export and import goods and services, which can lead to reduced trade.
- Reduced innovation: Data flow regulations can make it more difficult for businesses to develop new products and services, which can lead to reduced innovation.
The report also finds that data flow regulations can have a number of positive economic consequences, including:
- Increased data security: Data flow regulations can help to protect data from unauthorized access, which can lead to increased data security.
- Increased consumer protection: Data flow regulations can help to protect consumers from data misuse, which can lead to increased consumer protection.
- Increased government revenue: Data flow regulations can generate revenue for governments, which can be used to fund public services.
The report concludes that the economic implications of data flow regulation are complex and vary depending on the specific regulations that are implemented. However, the report finds that data flow regulations can have a significant impact on economic growth, trade, and innovation.
The report recommends that governments carefully consider the economic implications of data flow regulation before implementing any new regulations. The report also recommends that governments work together to harmonize data flow regulations across borders in order to minimize the negative economic consequences of regulation.
About the WTO
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade between participating countries. The WTO’s mission is to promote free and fair trade among its members. The WTO has 164 member countries and its headquarters is in Geneva, Switzerland.
About the OECD
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organization that promotes economic and social progress among its member countries. The OECD’s mission is to provide its members with a forum for discussion and cooperation on a wide range of economic and social issues. The OECD has 38 member countries and its headquarters is in Paris, France.
WTO-OECD report examines economic implications of data flow regulation
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