How data transfer laws slow down digital trade

No transfer, no deal”, was the title of a 2014 report by the Swedish National Board of Trade. This followed a study on 15 data-transfer dependent companies. From the study it was evident that for these companies, trade was inconceivable without data being transferred.

For many people across the world, the Covid-19 pandemic has tilted lifestyles towards a more digital reality and arguably, the digital economy has helped the global machinery to continue grinding despite the catastrophic disruption.