Implementation of the Cross Border Privacy Rules system directly supports the President’s National Export Initiative by decreasing regulatory barriers to trade and commerce. U.S. exporters face an increasing array of privacy regulations and domestic data storage requirements around the world. When there regulations are incompatible, they create barriers to U.S. exports and costs for U.S. companies. This system will help reduce those barriers, lower costs, and facilitate U.S. exports to the Asia Pacific region. This work also supports the Administration's privacy and innovation goals by facilitating global privacy interoperability as outlined in the soon to be released White Paper on data privacy and innovation.
Source: U.S. Department of Commerce
